Trulieve Reports $79.7 Million Q4 Revenue and Reaffirms 2020 Outlook

  • TCNNF), a leading and top-performing cannabis company in the United States, today announced its financial results for the three and 12 months ended December 31, 2019.
  • Our fourth quarter results reflect our strong brand and customer loyalty, which were key factors in our success for the year.
  • Despite recent developments surrounding COVID-19 and the uncertainty in the global economy, we see strong medical cannabis demand in our target markets and expect to continue maintaining our over 50% market share in Florida.
  • The Company determined that share-based compensation expense for previously disclosed warrants was understated by approximately $15.0 million in the reported financial statements for the year ended December 31, 2018 .

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