Trulieve Cannabis (OTC) ( (TCNNF) ) has released its Q4 earnings. Here is a breakdown of the information Trulieve Cannabis (OTC) presented to its investors.
Trulieve Cannabis Corp., a leading U.S. cannabis company, operates as a vertically integrated multi-state operator with a significant presence in Arizona, Florida, and Pennsylvania. The company focuses on providing high-quality cannabis products and expanding its retail and distribution network.
In its latest earnings report, Trulieve announced a 5% year-over-year increase in fourth-quarter revenue, reaching $301 million, and a gross margin improvement to 62%. The company also reported a record cash flow from operations of $271 million for 2024, despite a net loss attributable to common shareholders of $155 million for the year.
Key financial highlights include a full-year revenue of $1.2 billion, with 95% derived from retail sales, and an adjusted EBITDA of $420 million, marking a 30% increase from the previous year. Trulieve expanded its retail footprint by adding 33 dispensaries in 2024, bringing its total to 225 locations nationwide. The company also launched adult-use sales in Ohio and introduced a new THC beverage line, Onward.
Looking ahead, Trulieve’s management remains optimistic about the company’s growth potential, emphasizing its operational excellence, financial strength, and strategic positioning in the cannabis market. The company aims to continue expanding its retail and distribution capabilities while maintaining high-quality product offerings.