Trulieve Cannabis Corp
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
TRLV$11.01-4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $237,666 | $201,372 |
| Short-term investments | 80,179 | — |
| Restricted cash | 907 | 6,607 |
| Accounts receivable, net | 9,031 | 6,703 |
| Inventories | 220,916 | 213,120 |
| Income tax receivable | 5,844 | — |
| Prepaid expenses | 19,154 | 17,620 |
| Other current assets | 26,620 | 23,735 |
| Notes receivable - current portion, net | 1,770 | 6,233 |
| Assets associated with discontinued operations | 924 | 1,958 |
| Total current assets | 603,011 | 477,348 |
| Property and equipment, net | 701,613 | 676,352 |
| Right of use assets - operating, net | 116,083 | 95,910 |
| Right of use assets - finance, net | 65,550 | 58,537 |
| Intangible assets, net | 873,317 | 917,191 |
| Goodwill | 483,905 | 483,905 |
| Notes receivable, net | 5,773 | 7,423 |
| Other assets | 23,011 | 10,379 |
| Long-term assets associated with discontinued operations | 1,980 | 2,010 |
| TOTAL ASSETS | $2,874,243 | $2,729,055 |
| LIABILITIES | ||
| Current Liabilities: | ||
| Accounts payable and accrued liabilities | $96,051 | $83,162 |
| Deferred revenue | 6,663 | 1,335 |
| Notes payable - current portion | 3,342 | 3,759 |
| Operating lease liabilities - current portion | 11,614 | 10,068 |
| Finance lease liabilities - current portion | 9,132 | 7,637 |
| Construction finance liabilities - current portion | 1,801 | 1,466 |
| Contingencies | 4,635 | 4,433 |
| Liabilities associated with discontinued operations | 3,455 | 2,989 |
| Total current liabilities | 136,693 | 114,849 |
| Long-Term Liabilities: | ||
| Private placement notes, net | 364,419 | 363,215 |
| Notes payable, net | 112,757 | 115,855 |
| Operating lease liabilities | 113,402 | 92,235 |
| Finance lease liabilities | 68,384 | 61,676 |
| Construction finance liabilities | 135,856 | 136,659 |
| Deferred tax liabilities | 204,242 | 206,964 |
| Uncertain tax position liabilities | 384,130 | 180,350 |
| Other long-term liabilities | 6,511 | 7,086 |
| Long-term liabilities associated with discontinued operations | 39,386 | 41,553 |
| TOTAL LIABILITIES | $1,565,780 | $1,320,442 |
| Commitments and contingencies (see Note 3) | ||
| MEZZANINE EQUITY | ||
| Redeemable non-controlling interest | $7,119 | $— |
| SHAREHOLDERS' EQUITY | ||
| Common stock, no par value; unlimited shares authorized. 189,154,228 and 186,235,818 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively. | $— | $— |
| Additional paid-in-capital | 2,047,963 | 2,055,112 |
| Accumulated deficit | (735,959) | (640,639) |
| Non-controlling interest | (10,660) | (5,860) |
| TOTAL SHAREHOLDERS' EQUITY | 1,301,344 | 1,408,613 |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND SHAREHOLDERS' EQUITY | $2,874,243 | $2,729,055 |
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