: Trulieve posts Q1 loss but revenue tops estimates #FinanceUSA #StockMarketNEWS Trulieve Cannabis Corp. posted a net loss of .0 million, or 17 cents share, for the first quarter, after earnings

@stockMarketNEWS 8 Days ago

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Trulieve posts Q1 loss but revenue tops estimates #FinanceUSA #StockMarketNEWS
Trulieve Cannabis Corp. posted a net loss of .0 million, or 17 cents share, for the first quarter, after earnings of .1 million, or 24 cents share in the year-earlier period. Excluding transaction, acquisition, integration, and other non-recurring charges primarily associated with the Harvest acquisition, .8 million in asset impairments associated with the closing of redundant cultivation facilities and a loss of .7 million due to the divestiture of a duplicative, non-operating location, the Tallahassee, Fla.-based company had adjusted EPS of 1 cent, below the 3 cent FactSet consensus. Revenue rose 64% to 8.3 million from 3.8 million a year ago, ahead of the 6.0 million FactSet consensus. Adjusted EBIA came to 5.5 million, or 33.2% of revenue. The company had .1 million in cash flow from operations and ended the quarter with a cash balance of 7 million. At quarter-end, it had operations in 11 states with 30% of its retail locations outside Florida. Trulieve is still expecting full-year revenue of .3 billion to .4 billion, compared with a FactSet consensus of .34 billion. Shares were not active premarket but have fallen 48% in the year to date, while the Cannabis ETF has fallen 46%, the AdvisorShares Pure US Cannabis ETF has fallen 47% and the S&P 500 has fallen 17%.

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