08:17 AM EST, 02/27/2025 (MT Newswires) -- Trulieve Cannabis ( TCNNF ) on Thursday said it swung to a fourth-quarter adjusted profit as revenue increased.

The cannabis company reported adjusted net income for the three months ended Dec. 31 of US$3 million compared with an adjusted net loss of US$23 million in the prior year period. Adjusted earnings per share was US$0.02 compared with an adjusted loss per share of US$0.12.

Quarterly revenue rose by 5% to US$301 million compared with US$287 million a year ago.

Trulieve also said it appointed co-founder Jason Pernell as president.

Shares of the company closed up $0.01, or 0.2%, to C$5.90 on Wednesday on the Canadian Securities Exchange.