Trulieve Cannabis posts lower first-quarter revenue (updated)

Trulieve Cannabis

10/05/2023 11:12

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paragraph 3)
       May 10 (Reuters) - Trulieve Cannabis Corp  TRUL.CD 
reported a 9% fall in first-quarter revenue on Wednesday, hurt
by subdued demand for pot and related products. 
    Recent banking failures and interest rate hikes have raised
recession fears, prompting customers to cut back on spending,
especially on recreational products including cannabis. 
    Trulieve Cannabis reported a net loss of $64 million for the
quarter, bigger than the $32 million loss posted a year ago.
    The Florida-based company said revenue fell to $289 million
in the quarter ended March 31 from $318 million a year earlier.

 (Reporting by Ankit Kumar; Editing by Subhranshu Sahu)
 ((Ankit.Kumar2@thomsonreuters.com;))