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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 as The Bellamy Brothers, at the Benzinga Cannabis Capital Conference in Florida.
The 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.
The Bellamy Brothers are members of the advocacy group Safe & Smart Florida which was responsible for placing a constitutional amendment to legalize recreational cannabis on the Florida ballot.
The Florida Supreme Court approved both a recreational marijuana and abortion rights amendment in early April, on which Floridians will vote in the November 2024 election.
The campaign has largely been funded by Trulieve, along with other top cannabis operators like Verano Holdings Corp (CSE:VRNO) (OTCQX:VRNOF), Curaleaf Holdings, Inc. (CSE:CURA) (OTCQX:CURLF), Ayr Wellness Inc. (CSE:AYR) (OTCQX:AYRWF), Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ), Green Thumb Industries Inc. (OTC:GTBIF) and INSA, Inc.
Trulieve's shares traded 1.82% higher at $10.79 per share at the market close on Wednesday.
Posted In: AYRWF CL CRLBF CSE:AYR CSE:CL CSE:CURA CSE:TRUL CSE:VRNO CURLF GTBIF TCNNF TRUL VRNOF