Tallahassee, Florida-based Trulieve Cannabis Corp. (OTC: TCNNF) benefited from 19% medical marijuana accommodating advance in The Sunshine State in the additional quarter, fueled abundantly by the addition of smokable annual in the state’s medical market, the aggregation said Wednesday.
Flower accounted for bisected of artefact sales in Florida in the quarter, the aggregation said — a quarter-over-quarter access of about 20%.
Trulieve’s adapted EBITDA rose from $19 actor to $31.6 actor quarter-over-quarter. The aggregation acquaint acquirement of $57.9 million, a 30% consecutive jump.
Trulieve shares bankrupt Wednesday’s affair bottomward 1.47% at $9.65.
The company’s absolute agronomics accommodation is 1.6 actor aboveboard feet, Trulieve said. This includes all-embracing greenhouses “previously appear as experimental, which were added as a cost-effective and awful able another to aggrandize oil biomass capacity.”
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“By continuing to focus on operational efficiencies, advancement complete banking discipline, and leveraging our able cast acquaintance and accommodating adherence aural accepted markets and in approaching amplification initiatives, we apprehend our efforts to construe to new able after-effects throughout the butt of 2019,” CEO Kim Rivers said in a statement.
The Week Ahead In Cannabis: More Earnings And The Cannabis Capital Conference
Trulieve Elects Peter Healy To Its Board
© 2019 Benzinga.com. Benzinga does not accommodate advance advice. All rights reserved.
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