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.

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