Trulieve Cannabis Corp. (OTCQX: TCNNF) (CSE:TRUL) reported its financial results for the first quarter on Thursday.
Kim Rivers, Trulieve's CEO, said that the Tallahassee, Florida-based company is "off to a great start in 2022."
The company delivered yet another record quarter, generating $318.3 million in revenue for the period.
"In 2022, we expect our strong balance sheet, access to capital, and financial discipline will uniquely position us to capitalize on market opportunities created by the macroeconomic factors impacting our industry," Rivers said.
The Analyst
Cantor Fitzgerald's Pablo Zuanic maintained an Overweight rating on the company's stock while lowering its price target to $57 from $59 on slightly reduced EBITDA estimates.
The Thesis
Zuanic said in his recent …