Our northeast hub operations are anchored by our cornerstone market of Pennsylvania.

We operate six dispensaries in West Virginia, supported by cultivation and processing operations in Huntington, West Virginia. As of August 1, 2022, Trulieve has been awarded and has acquired permits to operate up to a total of ten dispensaries in West Virginia.

Critical Accounting Estimates and Judgements

Components of Results of Operations

Other income (expense), net consist primarily of interest expense, interest income, loss on disposal of non-operational assets, and the revaluation of derivative liabilities.

As we operate in the cannabis industry, we are subject to the limits of IRC Section 280E under which we are only allowed to deduct expenses directly related to the cost of products and the cost of producing products.

Gross profit $ 182,154 $ 144,483 26% $ 360,304 $ 279,747 29% % of total revenues 57 % 67 %

Impairment and Disposal of Long-lived Assets, Net

The table below highlights our cash flows for the periods indicated.

Cash Flow from Operating Activities

Cash Flow from Investing Activities

Cash Flow from Financing Activities

Private Placement Note Liabilities - "June Warrants" and "November Warrants"

Private Placement Note Liabilities - Secured Promissory Notes

Management's Use of Non-GAAP Measures

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