Cash ReservesSizable cash pile creates optionality: With $356 million of cash on hand, Trulieve has plenty of firepower to invest in growth catalysts across the board.
Financial PerformanceTrulieve reported strong gross margins that led to EBITDA above expectations.
Future ProspectsStrong execution allowed Trulieve to exceed both top and bottom-line expectations for the quarter and introduce Q3/24 revenue guidance that’s in line with consensus expectations while also boosting operating cash flow guidance for the year to >$250 million.
Investment AttractivenessGiven Trulieve’s healthy financial position, access to capital, and best-in-class profitability metrics, the stock is attractive for investors looking for cannabis exposure to a high-quality operator.
Market PositionTrulieve is best positioned to benefit with the largest Florida footprint if Amendment 3 passes.