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Trulieve reports $287M Q1 revenue, $2M net income, and benefits from medical marijuana rescheduling to Schedule III

Company Fundamentals
07 May 2026
PRNewsWire
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Bullish
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Trulieve Cannabis Corp. reported $287 million in revenue for Q1 2026 with a 59% gross margin and a positive net income of $2 million. The company achieved an adjusted EBITDA of $100 million and generated $42 million in free cash flow. The recent reclassification of medical marijuana to Schedule III by the U.S. government has allowed Trulieve to apply for DEA registration, potentially expanding its market opportunities. Trulieve also expanded its retail presence with new dispensaries and grew its rewards program to 1 million members, positioning itself for future growth.

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