TRUL - Weed Giant Trulieve Beats Q4 Revenue Estimates Reports Higher Net Loss For Full Year | Benzinga
Marijuana giant Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) reported its financial results Thursday for the fourth quarter and full year ended Dec. 31, Quarterly revenue hit $287 million, outperforming estimates of $267.95 million and higher than $275.2 million in the previous quarter. Adjusted earnings per share of $0.12 beat $0.16 estimates.
“Last year we successfully executed on our plan to bolster our business resilience with a focus on cash generation and preservation while making investments to support future growth,” stated Kim Rivers, Trulieve CEO. “Fourth quarter momentum was underpinned by improved consumer trends. We entered 2024 in a position of significant strength just as the outlook for industry growth and reform brightened. With strong cash generation and a clearly defined strategy, Trulieve is best positioned for the coming wave of meaningful growth catalysts.”
Q4 Financial Highlights
- Net loss amounted to $33 million, versus $25 million in the third quarter.
- Adjusted EBITDA ...