Trulieve Cannabis (OTC: TCNNF) was again in the marijuana-stock spotlight on Thursday. This time, it was because of the company's latest quarterly results rather than any splashy acquisition. Trulieve's first quarter, the results of which were published in the morning, show that the Florida-based multistate operator (MSO) booked revenue of $193.8 million; this was 15% higher that the preceding quarter, slightly more than double the year-ago tally, and a new quarterly record for the company. And in a rare development for a marijuana operator (but not necessarily for Trulieve), the company earned a profit: $30.1 million, or $0.24 per diluted share. That was more than tenfold the previous quarter's net profit, and 27% higher than the year-ago period. Image source: Getty Images. The headline numbers represented a good news/bad news situation; Yahoo! Finance data shows that on average, analysts were estimating just $189.8 million for revenue, but $0.26 per share for net profit. Trulieve's continued success as a dominant and ever-growing player in its native market, and its fairly assertive expansion, were the catalysts behind those hefty growth numbers. The latter activity is kicking into high gear with the company's recently announced acquisition of Arizona-based peer Harvest Health & Recreation. That deal, which is to be consummated entirely in stock, is valued at $2.1 billion. Once it closes, it will instantly make Trulieve a powerful MSO with a presence on both U.S. coasts. But it seems that investors were expecting better of the cannabis highflier. On Thursday, they traded its stock down by 1.6%, which contrasted with the S&P 500's 1.2% gain. Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. And make no mistake – it is coming. Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks. Simply click here to get the full story now. Learn moreEric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Trulieve Cannabis Corp. The Motley Fool has a disclosure policy.Source