TRUL - Medical Marijuana Giant Trulieve Backer Of Florida's Recreational Cannabis Ballot Narrows Loss Reports Uptick In Q1 Revenue Gross Profit | Benzinga
Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) announced its first quarter results for the three months ended March 31, 2024.
The Tallahassee-based medical cannabis giant reported revenue of $298 million for the first quarter of fiscal 2024, representing an increase of 4% sequentially and year-over-year, with 96% of revenue from retail sales.
“With strong performance in our core business and several meaningful catalysts on the horizon, the outlook has never been brighter,” said CEO Kim Rivers. “The team has done a phenomenal job carrying forward the momentum from last year, driving further improvements in production and retail. Given our financial performance and significant scale in key markets, Trulieve is best positioned for the coming wave of growth catalysts.”
Rivers recently shared the stage with Country music legends David and Howard Bellamy, known ...