Trulieve Cannabis reports Q1 revenue decline.

Trulieve Cannabis Corp Reports 9% Fall in Q1 Revenue

Trulieve Cannabis Corp, a Florida-based company, reported a 9% fall in revenue for the first quarter of the year. The decline was attributed to subdued demand for cannabis and related products, as customers cut back on spending due to recent banking failures and interest rate hikes that have raised recession fears. The company reported a net loss of $64 million for the quarter, which is bigger than the $32 million loss posted a year ago.

Other Headlines:

• Jury reaches verdict in civil case against 45th President Trump
• Texas Department of Public Safety gives first update after mass shooting at mall in Allen, Texas
• Federal court in New York sides against Donald Trump in defamation case
• Ukraine receives latest weapons package, debt ceiling talks go nowhere
• Republicans watch as Florida’s Governor Ron DeSantis considers bid for presidency
• China urges state-owned enterprises to play key role in drive for self-reliance
• Digital stablecoin tether wins race for title of crypto world’s “least”
• Cisco Systems to begin manufacturing from India to diversify global supply chain
• Austria joins growing list of countries banning Chinese-owned video-sharing app TikTok from government employees’ work phones

Stay up-to-date with the latest news and headlines from around the world.

*As an Amazon Associate I earn from qualifying purchases