Trulieve Cannabis Corp. TRUL TCNNF will hold a conference call on Tuesday, Nov. 5, 2024, at 8:30 am Eastern Time following the release of its third quarter 2024 financial results.
The Florida-based medical cannabis giant said founder and CEO Kim Rivers and CFO Wes Getman will participate in the call to review the company’s financial and operating results.
In August, Trulieve reported a 2% quarter-over-quarter and 8% year-over-year increase to $303 million in the second quarter, with 95% of the sum coming from retail sales, driven by higher retail traffic and increased wholesale revenue.
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Earlier this month the company entered into a partnership with Black Buddha Cannabis. The collaboration will debut products from women-owned medical marijuana brands to Trulieve dispensaries in Arizona and Pennsylvania starting this fall.
Meanwhile, Trulieve has fueled Smart & Safe Florida's push to legalize recreational cannabis in the Sunshine State with at least $55 million in donations. Amendment 3 will be voted on Nov. 5.
One of the company’s latest moves in that direction was filing a defamation lawsuit accusing the Florida Republican Party of intentionally misleading voters with a deceptive TV campaign ad against the cannabis legalization initiative.
Amendment 3 has drawn $68 million in ad spending, which is more than any other political cause on the Florida ballot.
Read Next:
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- Cannabis Giant Trulieve Breaks Ground As First Cannabis Sponsor Of U.S. Pro Pickleball
TCNNF Price Action
Trulieve's shares traded 2.14% higher at $11.95 per share at the time of writing on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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