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.