About Trulieve
Trulieve is a company based in Tallahassee (United States) founded in 2016.. Trulieve has raised $487.89 million across 2 funding rounds. The company has 6,000 employees as of December 31, 2024. Trulieve has completed 7 acquisitions, including Greenhouse Wellness, Harvest Health & Recreation and Leef Industries. Trulieve offers products and services including Flower, Concentrates, Vapes, and Edibles. Trulieve operates in a competitive market with competitors including LeafLink, Canndescent, Confident Cannabis, Nabis and Leaf Trade, among others.
- Headquarter Tallahassee, United States
- Employees 6000 as on 31 Dec, 2024
- Stage Public
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Sectors
HealthcareConsumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Trulieve Cannabis Corp.
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Annual Revenue
$1.13 B (USD)6.65as on Dec 31, 2024
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Net Profit
$-147.69 M (USD)70.11as on Dec 31, 2024
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EBITDA
$250.58 M (USD)2.94as on Dec 31, 2024
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Total Equity Funding
$487.89 M (USD)
in 2 rounds
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Latest Funding Round
$87.46 M (USD), Post-IPO
Sep 21, 2020
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Investors
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Employee Count
6000
as on Dec 31, 2024
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Investments & Acquisitions
Greenhouse Wellness
& 6 more
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IPO & Listings of Trulieve
Trulieve is a publicly listed company on the CSE with ticker symbol TRUL in Canada, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Trulieve
Trulieve offers a comprehensive portfolio of products and services, including Flower, Concentrates, Vapes, and Edibles. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Strains of cannabis flower for medical relief and use.
Extracts like kief and shatter for potent effects.
Vaporizers and cartridges for inhalation methods.
Food items infused with cannabis for consumption.
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Software Development Team
62 people
Leadership Team
27 people
Sales and Marketing
18 people
Finance and Accounting
13 people
Human Resources and Administration
12 people
Product Management Team
11 people
General Team
11 people
Senior Team
10 people
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Funding Insights of Trulieve
Trulieve has successfully raised a total of $487.89M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $87.46 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $87.5M
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First Round
First Round
(21 Sep 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Post-IPO - Trulieve | Valuation |
investors |
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| Sep, 2018 | Amount | Series D - Trulieve | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Trulieve
Trulieve has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Greenhouse Wellness, Harvest Health & Recreation and Leef Industries. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Medical marijuana is dispensed to patients by Greenhouse Wellness.
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2017 | ||||
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Brand of cannabis medical products
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2017 | ||||
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Cannabis product dispensary services are supplied to customers.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Trulieve
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Trulieve Comparisons
Competitors of Trulieve
Trulieve operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LeafLink, Canndescent, Confident Cannabis, Nabis and Leaf Trade, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online marketplace platform for cannabis traders
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| domain | founded_year | HQ Location |
Integrated business for cultivation and processing of cannabis
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| domain | founded_year | HQ Location |
Online platform for cannabis producers
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| domain | founded_year | HQ Location |
Cannabis products are distributed online to B2B retailers by Nabis.
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| domain | founded_year | HQ Location |
Online marketplace connecting licensed cannabis vendors and dispensaries
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Trulieve
Frequently Asked Questions about Trulieve
When was Trulieve founded?
Trulieve was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Trulieve located?
Trulieve is headquartered in Tallahassee, United States. It is registered at Tallahassee, Florida, United States.
Who is the current CEO of Trulieve?
Kim Rivers is the current CEO of Trulieve.
Is Trulieve a funded company?
Trulieve is a funded company, having raised a total of $487.89M across 2 funding rounds to date. The company's 1st funding round was a Series D of $487.89M, raised on Sep 21, 2018.
How many employees does Trulieve have?
As of Dec 31, 2024, the latest employee count at Trulieve is 6,000.
What is the annual revenue of Trulieve?
Annual revenue of Trulieve is $1.13B as on Dec 31, 2024.
What does Trulieve do?
Trulieve was founded in 2016 in Tallahassee, United States, within the medical cannabis sector. Cannabis plant varieties are cultivated by the company, and licensed medical products are delivered to patients and professionals. An application platform is maintained to enable searches for nearby dispensaries and orders of items including CBD-infused rolls, flowers, vapes, and related goods. Secure payment transactions are processed directly through the portal, supporting operations across the region.
Who are the top competitors of Trulieve?
Trulieve's top competitors include LeafLink, Confident Cannabis and Leaf Trade.
What products or services does Trulieve offer?
Trulieve offers Flower, Concentrates, Vapes, and Edibles.
Is Trulieve publicly traded?
Yes, Trulieve is publicly traded on CSE under the ticker symbol TRUL.
How many acquisitions has Trulieve made?
Trulieve has made 7 acquisitions, including Greenhouse Wellness, Harvest Health & Recreation, and Leef Industries.
What is Trulieve's ticker symbol?
The ticker symbol of Trulieve is TRUL on CSE.