Trulieve CEO Kim Rivers Says Florida Is Positioned To Be The Largest Cannabis Market In The Country, Cites Population And Tourism; Sees $6B Market Opportunity In State
Portfolio Pulse from Benzinga Newsdesk
Trulieve CEO Kim Rivers stated that Florida is poised to become the largest cannabis market in the US, citing the state's population and tourism. She sees a $6B market opportunity in Florida.
September 27, 2023 | 6:19 pm
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POSITIVE IMPACT
The news may indirectly impact MSOS, an ETF that tracks the performance of US-listed cannabis companies.
As an ETF that tracks US-listed cannabis companies, MSOS could benefit from the growth of the cannabis market in Florida. However, the impact is indirect as the ETF is not specifically mentioned in the news.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The news directly impacts Trulieve Cannabis Corp (TCNNF), as the CEO's comments indicate a positive outlook for the company's growth in Florida.
The CEO's comments directly relate to Trulieve's potential growth in the Florida market. This positive outlook could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100