Bulletin
Investor Alert

New York Markets Close in:

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/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%.

/zigman2/quotes/207658767/delayed
US : U.S.: OTC
$ 13.22
+0.13 +0.99%
Volume: 193,472
Dec. 5, 2019 3:31p
P/E Ratio
10.18
Dividend Yield
N/A
Market Cap
$1.44 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210560499/delayed
CA : Canadian Securities Exchange
$ 17.40
+0.10 +0.58%
Volume: 162,621
Dec. 5, 2019 3:31p
P/E Ratio
10.08
Dividend Yield
N/A
Market Cap
$1.91 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,118.26
+5.50 +0.18%
Volume: 1.15B
Dec. 5, 2019 3:47p
loading...

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

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.