Trulieve Cannabis slips on bigger Q1 revenue fall than expected

Trulieve Cannabis

10/05/2023 15:37

** Shares of pot producer Trulieve Cannabis Corp  TRUL.CD 
down about 4% at C$6.88 
    ** Co posted a bigger-than-expected fall in Q1 revenue, hurt
by weaker demand and increased competition
    ** Q1 revenue fell 9% to $289 mln, missing analysts' average
expectations of $293 mln - Refinitiv data
    ** Q1 net loss doubled from a year earlier to $64 mln 
    ** So far this year, shares have fallen 33%

 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))