Trulieve beats out Curaleaf for top Q1 revenue spot for U.S. cannabis companies

Trulieve Cannabis Corp.
TCNNF,
+2.09%
edged past Curaleaf Holdings Inc.
CURLF,
+0.16%
to be the top revenue generator among U.S. cannabis companies in the first quarter with $318.3 million in revenue, compared to Curaleaf’s $313.1 million, according to an analysis by MJBiz released Wednesday. Green Thumb Industries Inc.
GTBIF,
+2.93%
generated $242.6 million in first-quarter revenue to win the No. 3 slot. Green Thumb was also the only multi-state cannabis operator to post a profit ($28.9 million) in the quarter. Cresco Labs Inc.
CRLBF,
+3.84%
is fourth with $214.4 million in revenue, followed by Verano Holdings Corp.
VRNOF,
+2.58%
with $202.2 million in revenue. Most of the top U.S. cannabis companies had lower revenue than the fourth quarter, but posted double-digit percentage gains over the first quarter of 2021. The AdvisorShares Pure US Cannabis ETF
MSOS,
+2.11%
is down 46.4% so far in 2022.