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Trulieve Cannabis Valuation Multiples
Discover revenue and EBITDA valuation multiples for Trulieve Cannabis and similar public comparables like Cronos Group, Tilray Brands, Green Thumb Indus, Glass House Brands and more.
Trulieve Cannabis Overview
About Trulieve Cannabis
Trulieve Cannabis Corp is a vertically integrated cannabis company that grows, produces, and sells cannabis products. It has licenses to operate in Arizona, Colorado, Connecticut, Florida, Georgia, Maryland, Ohio, Pennsylvania, and West Virginia, where it sells medical cannabis products. In addition, the company sells cannabis products for adult use in Arizona, Colorado, Connecticut, Maryland, and Ohio. The firm's operations are substantially located in Florida and, to a lesser extent, in Arizona and Pennsylvania.
Founded
1940
HQ
Employees
6.0K
Website
Financials (LTM)
EV
$2B
Trulieve Cannabis Financials
Trulieve Cannabis reported last 12-month revenue of $1B and EBITDA of $422M.
In the same LTM period, Trulieve Cannabis generated $709M in gross profit, $422M in EBITDA, and had net loss of ($101M).
Revenue (LTM)
Trulieve Cannabis P&L
In the most recent fiscal year, Trulieve Cannabis reported revenue of $1B and EBITDA of $427M.
Trulieve Cannabis expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $709M | XXX | $711M | XXX | XXX | XXX |
| Gross Margin | 60% | XXX | 60% | XXX | XXX | XXX |
| EBITDA | $422M | XXX | $427M | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | ($101M) | XXX | ($116M) | XXX | XXX | XXX |
| Net Margin | (9%) | XXX | (10%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Trulieve Cannabis Stock Performance
Trulieve Cannabis has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
Trulieve Cannabis' stock price is $6.01.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | 0.0% | XXX | XXX | XXX | $-0.61 |
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Start Free TrialTrulieve Cannabis Valuation Multiples
Trulieve Cannabis trades at 1.3x EV/Revenue multiple, and 3.6x EV/EBITDA.
EV / Revenue (LTM)
Trulieve Cannabis Financial Valuation Multiples
As of March 7, 2026, Trulieve Cannabis has market cap of $1B and EV of $2B.
Equity research analysts estimate Trulieve Cannabis' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Trulieve Cannabis has a P/E ratio of (11.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 3.6x | XXX | 3.5x | XXX | XXX | XXX |
| EV/EBIT | 9.1x | XXX | 9.4x | XXX | XXX | XXX |
| EV/Gross Profit | 2.1x | XXX | 2.1x | XXX | XXX | XXX |
| P/E | (11.3x) | XXX | (9.9x) | XXX | XXX | XXX |
| EV/FCF | 6.5x | XXX | 6.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Trulieve Cannabis Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Trulieve Cannabis Margins & Growth Rates
Trulieve Cannabis' revenue in the last 12 month declined by (0%).
Trulieve Cannabis' revenue per employee in the last FY averaged $0.2M.
Trulieve Cannabis' rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Trulieve Cannabis' rule of X is 36% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Trulieve Cannabis Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (0%) | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| EBITDA Growth | (5%) | XXX | (6%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 36% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 25% | XXX | — | XXX | XXX | XXX |
| G&A Expenses to Revenue | 21% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 48% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Trulieve Cannabis Public Comps
See public comps and valuation multiples for other Cannabis comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cronos Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Tilray Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| Green Thumb Indus | XXX | XXX | XXX | XXX | XXX | XXX |
| Glass House Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| Curaleaf | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Trulieve Cannabis M&A Activity
Trulieve Cannabis acquired XXX companies to date.
Last acquisition by Trulieve Cannabis was on XXXXXXXX, XXXXX. Trulieve Cannabis acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Trulieve Cannabis
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTrulieve Cannabis Investment Activity
Trulieve Cannabis invested in XXX companies to date.
Trulieve Cannabis made its latest investment on XXXXXXXX, XXXXX. Trulieve Cannabis invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Trulieve Cannabis
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Trulieve Cannabis
| When was Trulieve Cannabis founded? | Trulieve Cannabis was founded in 1940. |
| Where is Trulieve Cannabis headquartered? | Trulieve Cannabis is headquartered in United States. |
| How many employees does Trulieve Cannabis have? | As of today, Trulieve Cannabis has over 6K employees. |
| Who is the CEO of Trulieve Cannabis? | Trulieve Cannabis' CEO is Kim Rivers. |
| Is Trulieve Cannabis publicly listed? | Yes, Trulieve Cannabis is a public company listed on OTC Pink Sheets. |
| What is the stock symbol of Trulieve Cannabis? | Trulieve Cannabis trades under TCNNF ticker. |
| When did Trulieve Cannabis go public? | Trulieve Cannabis went public in 2018. |
| Who are competitors of Trulieve Cannabis? | Trulieve Cannabis main competitors are Cronos Group, Tilray Brands, Green Thumb Indus, Glass House Brands. |
| What is the current market cap of Trulieve Cannabis? | Trulieve Cannabis' current market cap is $1B. |
| What is the current revenue of Trulieve Cannabis? | Trulieve Cannabis' last 12 months revenue is $1B. |
| What is the current revenue growth of Trulieve Cannabis? | Trulieve Cannabis revenue growth (NTM/LTM) is (0%). |
| What is the current EV/Revenue multiple of Trulieve Cannabis? | Current revenue multiple of Trulieve Cannabis is 1.3x. |
| Is Trulieve Cannabis profitable? | Yes, Trulieve Cannabis is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Trulieve Cannabis? | Trulieve Cannabis' last 12 months EBITDA is $422M. |
| What is Trulieve Cannabis' EBITDA margin? | Trulieve Cannabis' last 12 months EBITDA margin is 36%. |
| What is the current EV/EBITDA multiple of Trulieve Cannabis? | Current EBITDA multiple of Trulieve Cannabis is 3.6x. |
| What is the current FCF of Trulieve Cannabis? | Trulieve Cannabis' last 12 months FCF is $233M. |
| What is Trulieve Cannabis' FCF margin? | Trulieve Cannabis' last 12 months FCF margin is 20%. |
| What is the current EV/FCF multiple of Trulieve Cannabis? | Current FCF multiple of Trulieve Cannabis is 6.5x. |
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