Trulieve Reports Third Quarter 2024 Results Ahead of Florida Adult-Use Vote
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Trulieve Cannabis Corp. reported its third quarter 2024 results with a revenue of $284 million, marking a 3% increase year over year. The company achieved a gross margin of 61%, up from 52% in the same quarter of 2023. Trulieve also reported a year-to-date cash flow from operations of $241 million and a free cash flow of $162 million. The company supported the Florida adult-use campaign with $48 million during the third quarter.
November 05, 2024 | 12:30 pm
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Trulieve Cannabis Corp. reported a 3% increase in revenue for Q3 2024, with a significant improvement in gross margin to 61%. The company also invested $48 million in supporting the Florida adult-use campaign.
The 3% revenue growth and improved gross margin indicate positive financial performance, which is likely to boost investor confidence. The significant investment in the Florida adult-use campaign suggests strategic positioning for future market opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100