Trulieve Cannabis (OTC) ( (TCNNF) ) has released its Q1 earnings. Here is a breakdown of the information Trulieve Cannabis (OTC) presented to its investors.
Trulieve Cannabis Corp. is a leading vertically integrated cannabis company and multi-state operator in the U.S., known for its strong market presence in Arizona, Florida, and Pennsylvania. The company focuses on providing high-quality cannabis products and expanding its retail and distribution networks.
In the first quarter of 2025, Trulieve reported a revenue of $298 million, maintaining a strong gross margin of 62%. The company demonstrated operational efficiency with a cash flow from operations of $51 million and a free cash flow of $34 million. Despite a net loss attributable to common shareholders of $33 million, Trulieve’s adjusted net loss was significantly lower at $3 million, excluding non-recurring charges.
Key financial highlights include a slight year-over-year revenue increase, with 95% of revenue derived from retail sales. The company achieved an adjusted EBITDA of $109 million, representing 37% of revenue. Trulieve’s loyalty program continued to grow, reaching over 625,000 members, who accounted for 68% of transactions. The company also launched a new THC beverage, Onward, and expanded its retail footprint by opening new dispensaries in several states.
Looking ahead, Trulieve remains focused on operational excellence and expanding its market presence. With a strong customer base and innovative product offerings, the company is well-positioned to capitalize on growth opportunities in the evolving cannabis industry.