Finance

Trulieve Third Quarter Fiscal Report Revenue Shows 21% Increase

By November 20, 2018 No Comments
Trulieve Cannabis Corp. (CSE: TRUL) announced on November 19th the company’s financial results for the third quarter of 2018.
Trulieve’s financial highlights for the quarter included an increase of revenue from this year’s $23.3 million in Q2 to Q3’s $28.3 million. The company’s Chief Executive Officer (CEO), Kim Rivers, stated this about the performance of Q3, “These outstanding results in Q3 demonstrate the meaningful progress we’ve made on our strategic plan since becoming a publicly-traded company in September.” The CEO mentioned that Trulieve’s focus is still on scaled growth with multi-state operational expansions.
Highlights within the company’s performance section included its successful initial public offering (IPO) onto the Canadian Securities Exchange (CSE) and its acquisition agreement to fully acquire 100% of Life Essence, Inc. and Leef Industries, LLC.
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