Sector: Healthcare | Industry: Pharmaceuticals |
Company Contact | |
Address: | 6749 Ben Bostic Road QUINCY FL 32351 |
Tel: | 1-424-2020210 |
Website: | https://www.trulieve.com |
IR: | See website |
Key People | ||
Kim Rivers Chairman of the Board, Chief Executive Officer | Wes Getman Chief Financial Officer | Marie Zhang Chief Operating Officer |
Joy Malivuk Chief Accounting Officer | Ryan Blust Vice President - Finance | Kyle Landrum Chief Production Officer |
Timothy Morey Chief Sales Officer | Eric Powers Chief Legal Officer and Corporate Secretary |
Business Overview |
Trulieve Cannabis Corp. is a vertically integrated cannabis company. The Company has established cannabis operations in three hubs: Southeast, Northeast, and Southwest. Its three regional hubs are anchored by market positions in cornerstone states of Florida, Pennsylvania, and Arizona. The Company operates in regulated markets that require knowledge in cultivation, manufacturing, and retail. The Company utilizes various extraction techniques, including critical ethanol extraction, carbon dioxide extraction, hydrocarbon extraction, and mechanical separation. In addition, the Company owns and utilizes carbon dioxide extraction, distillation, purification and manufacturing technology that is used to produce a range of cannabis topicals and vapes featuring cannabinoids. The Company's brands include premium tier brands Avenue, Cultivar Collection, and Muse; mid-tier brands Modern Flower, Alchemy, Momenta, and Sweet Talk, and value tier brands Co2lors, Loveli, Roll One, and Trekkers. |
Financial Overview |
For the three months ended 31 March 2024, Trulieve Cannabis Corp revenues increased 4% to $297.6M. Net loss before extraordinary items decreased 30% to $23.5M. Revenues reflect Retail increase of 4% to $285M, Wholesale increase of 26% to $12.2M. Lower net loss reflects Interest Expense decrease of 31% to $14.7M (expense), Loss on impairment and disposal of long- decrease from $3.4M (expense) to $1.4M (income). |
Employees: | 5,400 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,636M as of Mar 31, 2024 |
Annual revenue (TTM): | $1,563M as of Mar 31, 2024 |
EBITDA (TTM): | $390.04M as of Mar 31, 2024 |
Net annual income (TTM): | -$575.74M as of Mar 31, 2024 |
Free cash flow (TTM): | $395.37M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $505.97M as of Mar 31, 2024 |
Shares outstanding: | 187,289,846 as of May 2, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |