Trulieve Cannabis Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
TRLV$11.01-4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except for share data)
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $1,186,490 | $1,129,193 | $1,218,229 |
| Cost of goods sold | 470,745 | 540,565 | 529,102 |
| Gross profit | 715,745 | 588,628 | 689,127 |
| Expenses: | |||
| Sales and marketing | 257,716 | 240,165 | 277,563 |
| General and administrative | 252,735 | 145,997 | 169,471 |
| Depreciation and amortization | 112,806 | 109,825 | 116,381 |
| Impairment and disposal of long-lived assets, net of (recoveries) | (5,292) | 6,664 | 75,547 |
| Impairment of goodwill | — | 307,590 | — |
| Total expenses | 617,965 | 810,241 | 638,962 |
| Income (loss) from operations | 97,780 | (221,613) | 50,165 |
| Other income (expense): | |||
| Interest expense, net | (62,193) | (81,569) | (73,422) |
| Interest income | 14,678 | 6,164 | 1,631 |
| Debt extinguishments, net | — | 5,937 | — |
| Other (expense) income, net | (7,551) | 6,544 | 2,388 |
| Total other expense, net | (55,066) | (62,924) | (69,403) |
| Income (loss) before provision for income taxes | 42,714 | (284,537) | (19,238) |
| Provision for income taxes | 197,589 | 151,358 | 163,380 |
| Net loss from continuing operations | (154,875) | (435,895) | (182,618) |
| Net loss from discontinued operations, net of tax benefit of zero, $4,101, and $12,223 respectively | (5,702) | (97,241) | (70,109) |
| Net loss | (160,577) | (533,136) | (252,727) |
| Less: net loss attributable to non-controlling interest from continuing operations | (5,472) | (5,147) | (3,994) |
| Less: net loss attributable to non-controlling interest from discontinued operations | — | (1,193) | (2,669) |
| Net loss attributable to common shareholders | $(155,105) | $(526,796) | $(246,064) |
| Earnings Per Share (see numerator reconciliation below) | |||
| Net loss per share - Continuing operations: | |||
| Basic and diluted | $(0.79) | $(2.28) | $(0.95) |
| Net loss per share - Discontinued operations: | |||
| Basic and diluted | $(0.03) | $(0.51) | $(0.36) |
| Weighted average number of common shares used in computing net loss per share: | |||
| Basic and diluted | 189,992,663 | 188,974,176 | 187,995,317 |
| EPS Numerator Reconciliation (see Note 15) | |||
| Net loss attributable to common shareholders (from above) | $(155,105) | $(526,796) | $(246,064) |
| Net loss from discontinued operations, net of tax, attributable to common shareholders | 5,702 | 96,048 | 67,440 |
| Net loss from continuing operations available to common shareholders | $(149,403) | $(430,748) | $(178,624) |
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