Trulieve Cannabis Corp. is a holding company and essentially all of its assets are the capital stock of its subsidiaries. We currently conduct substantially all of our business through Trulieve US, which currently generates substantially all of our revenues. Consequently, our cash flows and ability to complete current or desirable future growth opportunities are dependent on the earnings of Trulieve US and our other subsidiaries and the distribution of those earnings to Trulieve Cannabis Corp. The ability of our subsidiaries to pay dividends and other distributions will depend on those subsidiaries’ operating results and will be subject to applicable laws and regulations that require that solvency and capital standards be maintained by a subsidiary company and contractual restrictions contained in the instruments governing any current or future indebtedness of our subsidiaries. In the event of a bankruptcy, liquidation or reorganization of Trulieve US or another of our subsidiaries, holders of indebtedness and trade creditors of that subsidiary may be entitled to payment of their claims from that subsidiary’s assets before we or our shareholders would be entitled to any payment or residual assets.
Company profile
Ticker
TCNNF, TRUL
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Curaleaf • Jushi • Ascend Wellness • Usana Health Sciences • 4Front Ventures • SNDL • Mind Medicine • Glass House Brands • C21 Investments • Mannatech ...
SEC CIK
Corporate docs
Subsidiaries
Trulieve AL, Inc. • 1633 S HWY 92, LLC • 9275 W. Peoria Ave., LLC • 938 Juanita, LLC • Abedon Saiz, L.L.C. • AD LLC • AZ Sea Holdings, LLC • Banyan Acquisition Corp. • Banyan Cultivation Management, LLC • Banyan Farms, LLC ...
IRS number
581882476
TCNNF stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
29 Feb 24
8-K
Results of Operations and Financial Condition
29 Feb 24
8-K
Trulieve Announces Appointment of Marie Zhang as Chief Operating Officer
18 Jan 24
8-K
Trulieve Announces Appointment of Wes Getman as Chief Financial Officer
22 Dec 23
8-K
Trulieve Announces Completion of Redemption of All
1 Dec 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Results of Operations and Financial Condition
9 Nov 23
8-K
Trulieve Announces Notice of Redemption for All
8 Nov 23
8-K
Trulieve Announces Filing of Amended Federal Tax Returns
13 Oct 23
8-K
Trulieve Announces Purchase of
21 Sep 23
Transcripts
TCNNF
Earnings call transcript
2023 Q2
9 Aug 23
TCNNF
Earnings call transcript
2023 Q1
10 May 23
TCNNF
Earnings call transcript
2022 Q4
8 Mar 23
TCNNF
Earnings call transcript
2022 Q3
10 Nov 22
TCNNF
Earnings call transcript
2022 Q2
10 Aug 22
TCNNF
Earnings call transcript
2022 Q1
12 May 22
TCNNF
Earnings call transcript
2021 Q4
30 Mar 22
TCNNF
Earnings call transcript
2021 Q3
15 Nov 21
TCNNF
Earnings call transcript
2021 Q2
12 Aug 21
TCNNF
Earnings call transcript
2021 Q1
13 May 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 198.87 mm | 198.87 mm | 198.87 mm | 198.87 mm | 198.87 mm | 198.87 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 29.78 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | 177.97 mm | n/a | n/a |
Cash remaining | n/a | n/a | n/a | 20.90 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | n/a | 0.7 | n/a | n/a |
Institutional ownership, Q2 2023
17.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 9 |
Opened positions | 1 |
Closed positions | 4 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 314.89 mm |
Total shares | 27.79 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Cowen Financial Products | 11.15 mm | $84.39 mm |
Telogia Pharm | 8.59 mm | $223.47 mm |
Shade Leaf Holding | 8.00 mm | $0.00 |
Albert D Mason | 44.57 k | $175.00 k |
Massmutual Trust Co FSB | 1.00 k | $3.92 mm |
Horrell Capital Management | 790.00 | $3.00 k |
Westside Investment Management | 500.00 | $2.11 mm |
Heritage Wealth Advisors | 126.00 | $495.00 k |
ORG Partners | 75.00 | $317.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Mar 24 | Giannella Alvarez | Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 7,500 | 0.00 | 22,495 |
8 Mar 24 | Giannella Alvarez | Stock Option Subordinate Voting Shares | Grant | Acquire A | No | No | 10 | 13,580 | 135.80 k | 13,580 |
8 Mar 24 | Kim A. Rivers | Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 127,500 | 0.00 | 2,804,461 |
8 Mar 24 | Kim A. Rivers | Stock Option Subordinate Voting Shares | Grant | Acquire A | No | No | 10 | 230,868 | 2.31 mm | 230,868 |
8 Mar 24 | Morreau Jane C | Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 7,500 | 0.00 | 22,495 |
8 Mar 24 | Morreau Jane C | Stock Option Subordinate Voting Shares | Grant | Acquire A | No | No | 10 | 13,580 | 135.80 k | 13,580 |
8 Mar 24 | Peter Healy | Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 7,500 | 0.00 | 22,495 |
8 Mar 24 | Peter Healy | Stock Option Subordinate Voting Shares | Grant | Acquire A | No | No | 10 | 13,580 | 135.80 k | 13,580 |
8 Mar 24 | Richard S. May | Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 7,500 | 0.00 | 549,876 |
8 Mar 24 | Richard S. May | Stock Option Subordinate Voting Shares | Grant | Acquire A | No | No | 10 | 13,580 | 135.80 k | 13,580 |
News
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28 Mar 24
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27 Mar 24
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25 Mar 24
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21 Mar 24
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19 Mar 24
Press releases
Trulieve to Open Medical Cannabis Dispensary in Cocoa Beach, Florida
26 Mar 24
Trulieve to Open Express Medical Cannabis Dispensary in Palm Bay, Florida
6 Mar 24
Trulieve Reports Fourth Quarter and Full Year 2023 Results Highlighting Year End Momentum and Cash Generation
29 Feb 24
Trulieve to Open Medical Cannabis Dispensary in Pinellas Park, Florida
19 Feb 24
Trulieve Cannabis Corp. to Hold Fourth Quarter and Full Year 2023 Results Conference Call on February 29, 2024
5 Feb 24