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 fiscal year ended 31 December 2023, Trulieve Cannabis Corp revenues decreased 7% to $1.13B. Net loss before extraordinary items increased from $177M to $427.8M. Revenues reflect Retail segment decrease of 6% to $1.08B, Wholesale segment decrease of 21% to $43.4M. Higher net loss reflects Impairment of goodwill increase from $0K to $307.6M (expense), Financial Expense - Total - Balancing va increase of 19% to $81.7M (expense). |
Employees: | 5,400 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,444M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,547M as of Dec 31, 2023 |
EBITDA (TTM): | $360.76M as of Dec 31, 2023 |
Net annual income (TTM): | -$590.12M as of Dec 31, 2023 |
Free cash flow (TTM): | $207.63M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $669.79M as of Dec 31, 2023 |
Shares outstanding: | 186,278,494 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |