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May 20, 2020, 7:46 a.m. EDT

Trulieve Cannabis beats earnings estimates, says COVID-19 is not hurting business

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By Ciara Linnane

Trulieve Cannabis Corp. /zigman2/quotes/207658767/delayed TCNNF -2.50% /zigman2/quotes/210560499/delayed CA:TRUL -1.29% said Wednesday it had net income of $14 million, or 12 cents a share, in the first quarter, down from $15 million, or 13 cents a share, in the year-earlier period. The Tallahassee, Fla.-based cannabis company said revenue rose to $96.1 million from $44.5 million. The FactSet consensus was for EPS of 11 cents and revenue of $91.8 million. The company opened three new stores in Florida in the period, ending the quarter with a network of 47 stores nationwide. The company said it has not experienced any "material" COVID-19 impact on its ability to serve patients and customers. U.S.-listed shares were not active premarket but have gained 13% in the year to date, while the Cannabis ETF /zigman2/quotes/213173823/composite THCX -0.86% has fallen 24% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.95% has fallen 10%.

/zigman2/quotes/207658767/delayed
US : U.S.: OTC
$ 45.31
-1.16 -2.50%
Volume: 766,654
March 5, 2021 3:59p
P/E Ratio
80.97
Dividend Yield
N/A
Market Cap
$5.34 billion
Rev. per Employee
$81,977
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/zigman2/quotes/210560499/delayed
CA : Canadian Securities Exchange
$ 57.55
-0.75 -1.29%
Volume: 322,504
March 5, 2021 3:59p
P/E Ratio
77.14
Dividend Yield
N/A
Market Cap
$6.78 billion
Rev. per Employee
$108,776
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/zigman2/quotes/213173823/composite
US : U.S.: NYSE Arca
$ 18.42
-0.16 -0.86%
Volume: 375,114
March 5, 2021 8:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,841.94
+73.47 +1.95%
Volume: 3.33B
March 5, 2021 5:44p
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