Trulieve Cannabis rises on narrower Q3 loss, beats cash flow targets

Trulieve Cannabis

09/11/2023 15:08

** Shares of pot firm Trulieve Cannabis  TRUL.CD  up 5% to
C$7.09
    ** Co's Q3 loss narrows compared to previous year as
operating expenses drop
    ** Quarterly loss of $25 mln vs loss of $115 mln a year ago
    ** Operating expenses fell about 39% to $120 mln 
    ** Co's free cash flow at $87 mln, beating ests. of $34.3
mln - LSEG
    ** Reported revenue of $275 mln vs. ests of $269.2 mln 
    ** Including sessions move, shares down 30.9% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))