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  "docSlug": "880ddcedf153",
  "documentTitle": "Trulieve Cannabis Corp (TRUL)",
  "authorId": "62_Grizzly_Research",
  "authorName": "Grizzly Reports",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-12-01 00:00:00",
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  "notes": "The slide uses a table of operational metrics and a pie chart comparing cultivation area against peers to cast doubt on the company's reported growth.",
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      "kind": "callout",
      "text": "As we can observe, cultivation area has increased significantly in the past, especially from Q1 to Q2 2019. Meanwhile, plant yield has surprisingly been maintained at a relatively constant level.",
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      "kind": "chart",
      "text": "CULTIVATION AREA (SQ. FT.) pie chart showing TRUL at 74% market share.",
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      "kind": "metric",
      "text": "cultivation area: 1.4million sqft",
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      "kind": "paragraph",
      "text": "Trulieve has well exceeded its peers in the firm's total cultivation area count. It has also exceeded competitors in stores (dispensary) counts.",
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      "kind": "paragraph",
      "text": "As we can observe, cultivation area has increased significantly in the past... These suspicions are confirmed by our on the ground due diligence.",
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      "kind": "paragraph",
      "text": "Trulieve has shown spectacular growth since going public. The company reported rapid increase of cultivation surface and store openings.",
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      "text": "Source: TRUL management discussions",
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      "text": "Table showing Cultivation Area, Production Capacity, and Plant Yield from Q3 2018 to Q3 2019.",
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      "kind": "title",
      "text": "8. Why we are Suspicious of Trulieve's Financials and Claims of Profitability",
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