Bulletin
Investor Alert

Market Pulse Archives

Nov. 18, 2019, 5:28 p.m. EST

Trulieve Cannabis revenue rises 150%

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Trulieve Cannabis Corp. (TCNNF)
  • X
    Trulieve Cannabis Corp. (TRUL)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Max A. Cherney

Trulieve Cannabis Corp. /zigman2/quotes/207658767/composite TCNNF -2.50% /zigman2/quotes/210560499/delayed CA:TRUL -1.29% reported higher-than-expected third-quarter revenue late Monday. The weed producer reported net income of $60.3 million, which amounts to 55 cents a share versus net income of $17.5 million, or 18 cents a share in the year-ago period. Trulieve's net income includes a $89.1 million gain from the growth of biological assets, and a $22.9 million adjustment from inventory sold. Revenue rose to $70.7 million from $28.3 million in the year-ago period. The four analysts polled by FactSet had predicted third-quarter revenue of $65.6 million and model fourth-quarter revenue of $73.1 million. Trulieve stock has gained 40% this year as the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.95% rose 25%.

/zigman2/quotes/207658767/composite
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
loading...
/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
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,841.94
+73.47 +1.95%
Volume: 3.33B
March 5, 2021 5:44p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.