Marijuana Stock Trulieve Cannabis Expects Revenue to More Than Double in 2019
Trulieve Cannabis (OTC: TCNNF) reported second-quarter results on Aug. 14. The Florida-based dispensary operator saw revenue rise 30% sequentially to $57.9 million. The gains were fueled in part by a 19% increase in Trulieve's patient count in Florida, to 181,000 people.
The company said that sales of smokable flower accounted for approximately half of its total product sales in Florida during the quarter, up from less than 30% in the first quarter.
To meet the rising demand for medical marijuana in the U.S., Trulieve is opening more dispensaries. The company opened three new locations in Florida, bringing its total dispensary count to 29 locations at the end of the second quarter.
Source Fool.com
