Accessibility StatementSkip Navigation TALLAHASSEE, Fla., Nov. 5, 2025 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced its results for the quarter ended September 30, 2025. Results are reported in U.S. dollars and in accordance with U.S. Generally Accepted Accounting Principles (GAAP), unless otherwise indicated. Numbers may not sum perfectly due to rounding. Q3  2025 Financial and ...

Core Insights - Trulieve Cannabis Corp. reported its Q2 2025 financial results, highlighting stable revenue and improved gross margins, positioning the company as a leader in the cannabis industry [1][4][7]. Financial Highlights - Revenue for Q2 2025 was $302 million, comparable to $303 million in Q2 2024, with 94% derived from retail sales [7]. - Gross profit reached $183 million, resulting in a gross margin of 61%, an increase from 60% in the previous year [7]. - Operating expenses decreased to $130 million from $132 million year-over-year, maintaining an operating expense ratio of 43% [7]. - The net loss attributable to common shareholders was $14 million, compared to a loss of $12 million in Q2 2024 [7]. - Adjusted EBITDA for the quarter was $111 million, representing a 37% margin, up from 35% in the previous year [7]. Operational Highlights - The company sold over 12.5 million branded products in Q2 2025, marking a 9% increase from the previous year [7]. - Cash flow from operations was $137 million, with free cash flow of $108 million in the first half of 2025 [7]. - As of June 30, 2025, Trulieve had $401 million in cash and cash equivalents [7]. - The rewards program reached over 725,000 members, with loyalty members accounting for 71% of transactions during the quarter [7]. - Trulieve opened three new dispensaries in Florida and Ohio and launched new product lines, including Redemption Cannabis and Upward THC energy drinks [7]. Market Positioning - Trulieve is recognized as a top-performing cannabis company in the U.S., with a focus on customer experience, distribution, and branded products [4][24]. - The company operates 231 retail dispensaries and has over four million square feet of cultivation and processing capacity across the United States [7][24].