Trulieve Touts Third Consecutive Quarter Of Revenue Growth, Narrows Q2 Net Loss 97% YoY, Launches Cannabis Sales In Ohio
Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) announced its second-quarter results on Tuesday for the three months ended June 30, 2024. The Florida medical cannabis giant reported a 2% quarter-over-quarter and 8% year-over-year to $303 million, with 95% of the sum coming from retail sales, driven by higher retail traffic and increased wholesale revenue.
Trulieve also launched recreational cannabis sales at its three Ohio retail locations on Tuesday. Kim Rivers, the company’s CEO, called the Ohio marijuana sales launch a “milestone” for the company as it “completed our first recreational sale in the state of Ohio with the successful conversion of our three locations to adult use.”
The company commemorated the Ohio marijuana sales launch by reserving its first online order picked up at its Westerville location on Tuesday morning.
“We are thankful to our medical patients who have been with us since we entered Ohio, and we look …