Market PressureTrulieve's geographic footprint, anchored in FL, PA, and AZ, has been under pressure for 2 years as price compression reduced revenue and EBITDA.
Revenue ForecastManagement guided to a low-single-digit quarter-over-quarter revenue decline in Q4 2023, which implies Q4 2023 sales below prior estimates and the consensus.
Revenue GuidanceManagement guided to a low-single-digit quarter over quarter revenue decline in the next quarter, implying sales below prior estimates and consensus.