Sign In   Register

Cannabis and Hemp Industry Investment News

Cannabis Industry Press Releases and News Articles from the best investment journalist in the industry. Stay updated on all cannabis investment news from every online source, on MjInvest.com

Trulieve Delivers Strong Quarter, Admits Accounting Weakness

1 minute reading time (97 words)
cannabis leaf

Trulieve Cannabis Corp.  (CSE: TRUL) (OTCQX: TCNNF) announced its results for the quarter ended September 30, 2021, as revenue increased 64% year-over-year to $224.1 million, beating estimates by $2 million. Trulieve also delivered a net income of $18.6 million, although the company did note that it was impacted by $16.4 million of one-time compensation and transaction costs primarily associated with the Harvest acquisition.

Trulieve reported earnings with a basic net income of $0.15 per share and diluted net income of $0.14 per share. This missed the Yahoo Finance average analyst estimates for earnings of $0.24.

Copyright

© 420 Intel


Related Posts


MjInvest.com