Business
Trulieve Reports Profitable First Quarter 2026 Results Bolstered by Margins and Cash Flow Generation
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced its results for the quarter ended March 31, 2026. Results are reported in U.S. dollars and in accordance with U.S. Generally Accepted Accounting Principles (GAAP), unless otherwise indicated. Numbers may not sum perfectly due to rounding.
About this update from Trulieve Cannabis Corp.
[{"type":"list","items":[{"val":[{"type":"text","content":"First quarter revenue of $287 million, with 59% gross margin ","length":60,"tagName":"p"}]},{"val":[{"type":"text","content":"Positive net income of $2 million and Adjusted EBITDA of $100 million*","length":70,"tagName":"p"}]},{"val":[{"type":"text","content":"Rescheduling of medical marijuana to Schedule III enabled applications for DEA registration ","length":91,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":221,"olType":false},{"type":"text","content":"TALLAHASSEE, Fla., May 7, 2026 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced its results for the quarter ended March 31, 2026. Results are reported in U.S. dollars and in accordance with U.S. Generally Accepted Accounting Principles (GAAP), unless otherwise indicated. Numbers may not sum perfectly due to rounding.","length":472,"tagName":"p"},{"type":"image","alt":"Trulieve logo (PRNewsfoto/Trulieve Cannabis Corp.)","displaySize":"","headline":null,"caption":"Trulieve logo (PRNewsfoto/Trulieve Cannabis Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":257,"url":"https://media.zenfs.com/en/prnewswire.com/7d6a1aaddff80bfd774237fb96448085"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/pbzy0TDc7JTixnp_T0jNMg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ1Mw--/https://media.zenfs.com/en/prnewswire.com/7d6a1aaddff80bfd774237fb96448085","width":400,"height":257},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/HaZj2F1RqKSeY_DOiSmbgw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTQxMQ--/https://media.zenfs.com/en/prnewswire.com/7d6a1aaddff80bfd774237fb96448085","width":400,"height":257}},"href":"https://mma.prnewswire.com/media/1720011/Trulieve_LogoV1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Q1 2026 Financial and Operational Highlights*","length":45,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $287 million, with 92% of revenue from retail sales.","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"Achieved gross margin of 59%, with GAAP gross profit of $170 million.","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported positive net income attributable...