Streetbeat News

TCNNF

Trulieve Cannabis Corp

Employees

9,000

Industry

Medicinal and Botanical Manufacturing

Open

6.70

Mkt cap

1.3B

Volume

103K

High

6.74

P/E Ratio

-9.49

52-wk high

14.50

Low

6.40

Div yield

N/A

52-wk low

4.75

Trulieve Cannabis Corp. reported its third quarter 2024 results with a revenue of $284 million, marking a 3% increase year over year. The company achieved a gross margin of 61%, up from 52% in the same quarter of 2023. Trulieve also reported a year-to-date cash flow from operations of $241 million and a free cash flow of $162 million. The company supported the Florida adult-use campaign with $48 million during the third quarter.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

The upcoming U.S. election is impacting cannabis stocks, with both Trump and Harris supporting cannabis reform. Stocks like Trulieve, AdvisorShares ETFs, Tilray, Ispire Technology, and Scotts Miracle-Gro are experiencing volatility. Investors are cautious due to uncertainty about Trump's genuine stance on cannabis reform.

Portfolio Pulse from Rolando García

October 31, 2024 | 3:06 pm

Microsoft shares rise as the company reports better-than-expected Q1 2025 GAAP EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:05 pm

Florida Governor Ron DeSantis is intensifying his campaign against two proposed amendments to the Florida Constitution concerning recreational marijuana legalization and abortion rights. Despite significant public support for both amendments, DeSantis is using state funds for advertising to oppose them. Trulieve Cannabis Corp. is involved in the campaign for marijuana legalization.

Portfolio Pulse from Maureen Meehan

October 30, 2024 | 7:28 pm

Arizona will allow adult-use cannabis deliveries starting November 1, expanding access beyond medical marijuana patients. This move is expected to boost consumer convenience, job creation, and economic development. Companies like Curaleaf Holdings and Trulieve Cannabis Corp. may benefit from increased demand.

Portfolio Pulse from Patricio Liddle

October 30, 2024 | 12:53 pm

The battle over cannabis legalization in Florida intensifies as Governor Ron DeSantis opposes Amendment 3, which aims to legalize recreational cannabis. The pro-legalization campaign, led by Smart & Safe Florida and heavily funded by Trulieve Cannabis Corp., has raised significant funds, making it the best-funded cannabis initiative in US history. DeSantis has used state resources to support his anti-cannabis stance, sparking controversy.

Portfolio Pulse from Maureen Meehan

October 28, 2024 | 10:21 pm

Florida's cannabis market is poised for significant changes with the upcoming recreational cannabis vote. The market is experiencing deflation, with sales dropping despite volume growth, and a competitive landscape is emerging. Key players like Trulieve, Verano, and AYR are expanding retail operations, while M&A activity is expected to increase. Companies like AYR and iAnthus may become acquisition targets due to financial challenges, while others like Green Thumb and Curaleaf are positioned to acquire assets. If recreational cannabis is legalized, the market could triple, offering substantial growth opportunities.

Portfolio Pulse from Nicolás Jose Rodriguez

October 26, 2024 | 6:15 pm

MariMed is expanding its cannabis operations in Illinois, aiming to boost growth despite market challenges. The company is focusing on capacity expansion and in-house brand performance. MariMed's stock has underperformed compared to the MSOS ETF, but recent gains suggest potential growth.

Portfolio Pulse from Nicolás Jose Rodriguez

October 25, 2024 | 3:51 am

On October 24, 2024, several cannabis stocks experienced significant price movements. Notably, Leafbuyer Techs saw a 400% increase, while Greenlane Holdings dropped by 32.56%.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 8:30 pm

Trulieve CEO Kim Rivers criticizes misleading ads opposing Florida's Amendment 3, which aims to legalize recreational cannabis. She argues the amendment will broaden economic opportunities and ensure child safety through strict packaging regulations.

Portfolio Pulse from Rolando García

October 23, 2024 | 5:45 pm

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