Our northeast hub operations are anchored by our cornerstone market of Pennsylvania.
On February 14, 2022, the Company completed an acquisition whereby Trulieve acquired a cultivation operation from CP4 Group, LLC, in Phoenix, Arizona ("Watkins"). Total consideration was $27.5 million consisting of cash.
Components of Results of Operations
Other income (expense), net consist primarily of interest expense, interest income, loss on sale 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 producing the products or cost of production.
Gross profit $ 178,150 $ 135,264 32% % of total revenues 56 % 70 %
General and administrative expenses $ 33,546 $ 12,709 164% % of total revenues
Depreciation and amortization expenses $ 29,305 $ 5,434 439% % of total revenues
Impairment and Disposal of Long-lived Assets
Net (loss) income and comprehensive income $ (32,482 ) $ 30,078 -208%
The table below highlights our cash flows for the periods indicated.
Net cash provided by operating activities $ 45,147 $
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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