Trulieve Cannabis reports Q2 earnings miss; narrows FY22 guidance

Aug. 10, 2022 6:21 AM ETTrulieve Cannabis Corp. (TCNNF)By: Meghavi Singh, SA News Editor34 Comments
  • Trulieve Cannabis press release (OTCQX:TCNNF): Q2 Non-GAAP EPS of -$0.01 misses by $0.02.
  • Revenue of $320.3M (+48.9% Y/Y) misses by $0.99M.
  • Adjusted EBITDA grew 17% year over year to $111.0M, or 35% of revenue in the second quarter compared to Adjusted EBITDA of $105.5M, or 33% of revenue in the first quarter of 2022.
  • "We are adjusting 2022 revenue guidance by 5% from the low end of our prior outlook of $1.3 billion to $1.4 billion to current outlook of $1.25 billion to $1.3 billion vs. consensus of $1.34B. Accordingly, we anticipate Adjusted EBITDA will be in the range of $415 million to $450 million(prior $450 million to $500 million)."

Recommended For You

Comments (34)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.