Earnings ·
Reports Q3 revenue of $230 million and adjusted net income of $18 million
TCNNFTrulieve Cannabis Corp.
Trulieve Cannabis Corp. reported third-quarter 2026 results with revenue of $230 million, a 64% gross margin, and positive GAAP net income attributable to common shareholders of $1 million. Adjusted net income was $18 million, and adjusted EBITDA reached $89 million, or 39% of revenue. For the first nine months of 2026, cash flow from operations totaled $183 million and free cash flow was $120 million. The company also announced it received final DEA registrations for its state-licensed medical marijuana dispensaries following the rescheduling of medical cannabis to Schedule III under federal law. Trulieve operates a network of 208 retail dispensaries and 3.5 million square feet of cultivation and processing capacity in the United States, primarily serving the medical cannabis market.