- First quarter performance of $298 million in revenue, up 4% sequentially, and 58% gross margin
- Strong cash flow from operations of $139 million and free cash flow of $124 million* in Q1 2024
- Definitive progress made on Smart and Safe Florida adult use initiative and federal rescheduling of cannabis to Schedule III
TALLAHASSEE, Fla., May 9, 2024 /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, 2024. Results are reported in U.S. dollars and in accordance with U.S. Generally Accepted Accounting Principles unless otherwise indicated. Numbers may not sum perfectly due to rounding.
Q1 2024 Financial and Operational Highlights*
- Revenue of $298 million increased 4% sequentially and year over year, with 96% of revenue from retail sales. Strong first quarter…
