Trulieve Cannabis Corp. /zigman2/quotes/207658767/delayed TCNNF +0.99% /zigman2/quotes/210560499/delayed CA:TRUL +0.58% 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 +0.18% rose 25%.