Saturday, May 31, 2025

Latest

Trulieve Crosses $1.0 Billion Revenue Mark In 2022, Reports Net Loss

Trulieve Cannabis (CSE: TRUL) this morning reported its delayed fourth quarter financial results. The results were toplined by revenue of $302 million, up marginally from the $301 million in topline revenue reported in the third quarter, and a decline on a year over year basis.

Gross profit for the quarter amounted to $150 million, down from $168 million in the prior quarter, while gross margins slipped from 56% to 50% on a quarter over quarter basis. Operating expenses meanwhile came in at $156 million.

The firm as a result reported a net loss of $77.0 million for the quarter, with adjusted EBITDA amounting to $85 million for the three month period.

READ: Trulieve Settles With OSHA After Employee’s Death From Inhaling Cannabis Dust

On a full year basis, the company saw revenues come in at $1.24 billion, versus $0.94 billion in 2021, a 32% increase. Gross profits came in at $682 million, while gross margins came in at 55%, versus $568 million and 61% in the prior year.

Operating expenses meanwhile climbed a dramatic 77% on a year over year basis, from $368 million to $650 million. This ultimately lead to the company reporting a net loss of $246 million for 2022, versus a net income of $18 million in 2021. Adjusted EBITDA meanwhile climbed to $400 million, up 4% from $385 million in 2021.

Trulieve Cannabis last traded at $9.02 on the CSE.


Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Trulieve: Analysts Expect US$221 Million In Q3 Revenues

Trulieve (CSE: TRUL) announced that they will be reporting their third quarter financials before the...

Sunday, November 14, 2021, 04:17:00 PM

Haywood Reiterates $80 Price Target On Trulieve After Harvest Health Purchase

On October 1st, Trulieve Cannabis (CSE: TRUL) announced that they completed their $1.75 billion acquisition...

Monday, October 11, 2021, 04:43:00 PM

Paradigm Initiates Coverage On Trulieve With $59 Price Target

Earlier this month, Paradigm Capital initiated coverage on Trulieve Cannabis Corp (CSE: TRUL) with a...

Sunday, December 27, 2020, 01:42:00 PM

US Cannabis: The Current Landscape

Welcome to the Deep Dive Video Essay Series. Today we are looking at US Cannabis....

Saturday, March 6, 2021, 09:00:00 AM

Trulieve Posts $224.1 Million In Q3 Revenues, Positive Net Income

Trulieve Cannabis (CSE: TRUL) this morning reported its third quarter financial results for 2021. The...

Monday, November 15, 2021, 07:30:59 AM