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Trulieve Cannabis Corp. (C:TRUL)

Business Focus: Recreational Pharmaceuticals

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