Trulieve Cannabis Management
Management criteria checks 3/4
Trulieve Cannabis' CEO is Kim Rivers, appointed in Sep 2018, has a tenure of 6.25 years. total yearly compensation is $3.36M, comprised of 22.3% salary and 77.7% bonuses, including company stock and options. directly owns 9.78% of the company’s shares, worth CA$129.80M. The average tenure of the management team and the board of directors is 3.3 years and 5.4 years respectively.
Key information
Kim Rivers
Chief executive officer
US$3.4m
Total compensation
| CEO salary percentage | 22.3% |
| CEO tenure | 6.3yrs |
| CEO ownership | 9.8% |
| Management average tenure | 3.3yrs |
| Board average tenure | 5.4yrs |
Recent management updates
Recent updates
More Unpleasant Surprises Could Be In Store For Trulieve Cannabis Corp.'s (CSE:TRUL) Shares After Tumbling 56%
Dec 05
Are Investors Undervaluing Trulieve Cannabis Corp. (CSE:TRUL) By 47%?
Sep 04Trulieve Cannabis Corp.'s (CSE:TRUL) 28% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Jun 15Trulieve Cannabis Corp.'s (CSE:TRUL) CEO Will Probably Struggle To See A Pay Rise This Year
Jun 06Are Investors Undervaluing Trulieve Cannabis Corp. (CSE:TRUL) By 38%?
May 01Revenues Not Telling The Story For Trulieve Cannabis Corp. (CSE:TRUL) After Shares Rise 26%
Mar 31Is Trulieve Cannabis (CSE:TRUL) A Risky Investment?
Feb 15There's Reason For Concern Over Trulieve Cannabis Corp.'s (CSE:TRUL) Massive 29% Price Jump
Jan 16Calculating The Intrinsic Value Of Trulieve Cannabis Corp. (CSE:TRUL)
Mar 06These 4 Measures Indicate That Trulieve Cannabis (CSE:TRUL) Is Using Debt Extensively
Jan 26Does Trulieve Cannabis (CSE:TRUL) Have A Healthy Balance Sheet?
Aug 07Are Trulieve Cannabis Corp. (CSE:TRUL) Investors Paying Above The Intrinsic Value?
Jul 03These 4 Measures Indicate That Trulieve Cannabis (CSE:TRUL) Is Using Debt Reasonably Well
Mar 21Is Trulieve Cannabis (CSE:TRUL) Using Too Much Debt?
Aug 16CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$126m |
| Jun 30 2024 | n/a | n/a | -US$90m |
| Mar 31 2024 | n/a | n/a | -US$419m |
| Dec 31 2023 | US$3m | US$750k | -US$431m |
| Sep 30 2023 | n/a | n/a | -US$458m |
| Jun 30 2023 | n/a | n/a | -US$508m |
| Mar 31 2023 | n/a | n/a | -US$185m |
| Dec 31 2022 | US$4m | US$500k | -US$179m |
| Sep 30 2022 | n/a | n/a | -US$185m |
| Jun 30 2022 | n/a | n/a | -US$95m |
| Mar 31 2022 | n/a | n/a | -US$37m |
| Dec 31 2021 | US$8m | US$500k | US$31m |
| Sep 30 2021 | n/a | n/a | US$93m |
| Jun 30 2021 | n/a | n/a | US$91m |
| Mar 31 2021 | n/a | n/a | US$69m |
| Dec 31 2020 | US$1m | US$324k | US$63m |
| Sep 30 2020 | n/a | n/a | -US$19m |
| Jun 30 2020 | n/a | n/a | US$23m |
| Mar 31 2020 | n/a | n/a | US$62m |
| Dec 31 2019 | US$444k | US$291k | US$53m |
| Sep 30 2019 | n/a | n/a | US$128m |
| Jun 30 2019 | n/a | n/a | US$85m |
| Mar 31 2019 | n/a | n/a | US$36m |
| Dec 31 2018 | US$150k | US$150k | US$11m |
Compensation vs Market: Kim's total compensation ($USD3.36M) is above average for companies of similar size in the Canadian market ($USD1.79M).
Compensation vs Earnings: Kim's compensation has been consistent with company performance over the past year.
CEO
Kim Rivers (46 yo)
6.3yrs
Tenure
US$3,357,213
Compensation
Ms. Kimberly Rivers, also known as Kim, has been the Chief Executive Officer, President and Director at Harvest Health & Recreation Inc. since October 01, 2021. Ms. Rivers founded Trulieve Cannabis Corp. S...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 6.3yrs | US$3.36m | 9.78% CA$ 129.8m | |
| Chief Legal Officer & Corporate Secretary | 5.8yrs | US$1.17m | 0.026% CA$ 349.8k | |
| Chief Sales Officer | 5.2yrs | US$1.05m | 0.013% CA$ 167.9k | |
| Chief Production Officer | 5.2yrs | US$1.00m | 0.032% CA$ 426.4k | |
| VP of Finance | no data | US$594.58k | 0.0055% CA$ 72.5k | |
| Chief Financial Officer | less than a year | no data | 0.0050% CA$ 66.1k | |
| Chief Operating Officer | less than a year | no data | 0.011% CA$ 148.0k | |
| VP & Chief Accounting Officer | 1.7yrs | no data | 0.0048% CA$ 63.4k | |
| Chief Technology Officer | 3.3yrs | no data | 0.020% CA$ 269.5k | |
| Chief Information Officer | 6.3yrs | US$182.50k | no data | |
| Director of Investor Relations | 3.2yrs | no data | no data | |
| Chief Marketing Officer | 2.9yrs | no data | 0.014% CA$ 182.9k |
3.3yrs
Average Tenure
51yo
Average Age
Experienced Management: TRUL's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 9.1yrs | US$3.36m | 9.78% CA$ 129.8m | |
| Lead Independent Director | 5.4yrs | US$163.74k | 0.015% CA$ 200.7k | |
| Independent Director | 3.5yrs | US$128.74k | 0.012% CA$ 152.8k | |
| Independent Director | 4.5yrs | US$140.74k | 0.016% CA$ 211.9k | |
| Independent Director | 4.5yrs | US$146.24k | 0.015% CA$ 199.9k | |
| Independent Director | 9.1yrs | US$128.74k | 7.55% CA$ 100.3m | |
| Independent Director | 7.9yrs | US$128.74k | 0.24% CA$ 3.1m |
5.4yrs
Average Tenure
62yo
Average Age
Experienced Board: TRUL's board of directors are considered experienced (5.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:59 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Trulieve Cannabis Corp. is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aaron Grey | Alliance Global Partners |
| Frederico Yokota Choucair Gomes | ATB Capital Markets |
| Kenric Tyghe | ATB Capital Markets |