Trulieve Cannabis Corp. said Monday its third-quarter net income rose 7% to $18.6 million, or 14 cents a share, from $17.42 million, or 15 cents a share, in the year-ago period. Revenue increased to $224.1 million from $136.3 million. The latest quarter was impacted by $16.4 million of one-time compensation and transaction costs related to its Harvest acquisition. The Tallahassee, Fla.-based cannabis company was expected to earn 26 cents a share on $221.2 million of revenue, according to an analyst survey by FactSet. “Our team closed the Harvest acquisition in under five months while simultaneously meeting expansion targets in several markets,” CEO Kim Rivers said. “We are excited to keep the momentum going into 2022 as we fully integrate Harvest while further building scale and depth in our cornerstone markets.” Shares of Trulieve are down 3.6% so far in 2021, compared to a rise of 3.7% by the Cannabis ETF .
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