Trulieve Cannabis slips after dour forecast for Q1

Trulieve Cannabis

08/03/2023 16:47

** Shares of Trulieve Cannabis Corp  TRUL.CD  down 4.9% at C$8.58 after
results
    ** Co says its Q1 revenue would be slightly lower sequentially 
    ** TRUL also posts Q4 revenue of $302 mln vs avg analysts' estimate of
$306.25 mln - Refinitiv
    ** Co's adj. core profit for Q4 falls to $85 mln compared with $100.9 mln, a
year ago
    ** TRUL also expects inventory reduction to affect growth margin throughout
2023 
    ** Including the session's losses, stock is down 17% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))