Financial PerformanceStrong execution allowed Trulieve to exceed both top and bottom-line expectations for the quarter and introduce Q3/24 revenue guidance that’s in line with consensus expectations while also boosting operating cash flow guidance for the year to >$250 million.
Growth PotentialSizable cash pile creates optionality: With $356 million of cash on hand, Trulieve has plenty of firepower to invest in growth catalysts across the board, most notably in its home state of Florida ahead of the November ballot initiative for adult-use cannabis.
Market PositionTrulieve is best positioned to benefit with the largest Florida footprint if Amendment 3 passes.