Trulieve Cannabis gains after Q1 loss narrows

Trulieve Cannabis

09/05/2024 17:36

** Shares of pot firm Trulieve Cannabis  TRUL.CD  rise ~2.8%
to C$15.30
    ** Co's Q1 loss narrows to $23.1 million, from $64.1 million
a year earlier, driven by higher sales and robust demand
    ** Reports Q1 revenue of $297.6 million compared to
estimates of $285.9 million - LSEG data
    ** "Trulieve has significant capital allocation optionality,
positioning the company well for potential Florida adult-use
legalization, or expansion in other markets," - ATB Capital
Markets
    ** Including session's moves, stock is up ~123% YTD

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))