Overview

* Trulieve Q3 revenue rises 1% yr/yr to $288 mln, with 59% gross margin

* Company reports Q3 net loss of $27 mln, adjusted net loss of $12 mln

* Trulieve generated $77 mln in cash flow from operations in Q3

Result Drivers

* RETAIL SALES - 94% of Q3 revenue came from retail sales, contributing significantly to overall performance

* NEW PRODUCT LAUNCHES - Launched new Roll One Clutch All In One vapes in Florida, selling out in under two weeks

* LOYALTY PROGRAM - 77% of transactions in Q3 were from loyalty program members, enhancing customer retention

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $288 mln

Revenue

Q3 -$0.07

Adjusted

EPS

Q3 EPS -$0.11

Q3 -$12 mln

Adjusted

Net

Income

Q3 Net -$27 mln

Income

Q3 $103 mln

Adjusted

EBITDA

Q3 Gross 59%

Margin

Q3 Gross $170 mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the pharmaceuticals peer group is "buy"

* Wall Street's median 12-month price target for Trulieve Cannabis Corp ( TCNNF ) is C$17.00, about 45.2% above its November 4 closing price of C$9.32

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)