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

On October 22, 2024, several marijuana stocks experienced significant price movements. Notable gainers included CLS Holdings USA, SOL Global Investments, and Canopy Growth, while Radiko Holdings and Body and Mind were among the biggest losers. The article highlights the volatility in the marijuana sector.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 8:31 pm

On October 22, 2024, several cannabis stocks experienced significant price movements. Notable gainers included CLS Holdings USA, SOL Global Investments, and Canopy Growth, while Radiko Holdings and Body and Mind were among the biggest losers.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 8:30 pm

Florida's cannabis legalization initiative, Amendment 3, is part of the state's most expensive ballot initiatives, with over $90 million raised, primarily by Trulieve Cannabis Corp. The measure needs 60% of the vote to pass and has support from Donald Trump but faces opposition from Governor Ron DeSantis and the Florida Conference of Catholic Bishops.

Portfolio Pulse from Maureen Meehan

October 18, 2024 | 3:50 pm

Florida's proposed cannabis legalization initiative, Amendment 3, is nearing the required 60% approval for passage. Opposition, including groups linked to Governor Ron DeSantis, is intensifying. Trulieve Cannabis Corp. has contributed significantly to the pro-legalization campaign.

Portfolio Pulse from Maureen Meehan

October 16, 2024 | 6:20 pm

Pennsylvania's GOP districts are increasingly supporting cannabis legalization due to economic distress, poverty, and the opioid crisis. This bipartisan support is seen as a potential solution for economic growth and harm reduction. The trend could serve as a model for other conservative states. Several cannabis companies, including Jushi Holdings, Cresco Labs, Green Thumb Industries, Verano Holdings, and Trulieve Cannabis, could benefit from potential legalization.

Portfolio Pulse from Nicolás Jose Rodriguez

October 16, 2024 | 1:33 am

Cannabis sales in Colorado have increased by 5% quarter-to-date, while Connecticut's sales remain flat year-over-year. Notable companies in these markets include Schwazze, The Cannabist Company, Curaleaf, Green Thumb Industries, Trulieve Cannabis, and Verano Holdings.

Portfolio Pulse from Nicolás Jose Rodriguez

October 15, 2024 | 12:41 am

An organization linked to Elon Musk has donated $500,000 to oppose Florida's cannabis legalization amendment, while the campaign supporting it has raised over $100 million. The amendment will be voted on in November, with recent polls showing 58% support, just shy of the 60% needed to pass.

Portfolio Pulse from Maureen Meehan

October 14, 2024 | 11:04 pm

Trulieve Cannabis Corp. will hold a conference call on Nov. 5, 2024, to discuss its Q3 financial results. The company recently reported increased revenues and entered a partnership with Black Buddha Cannabis. Trulieve is also actively supporting cannabis legalization in Florida with significant donations.

Portfolio Pulse from Jelena Martinovic

October 14, 2024 | 5:51 pm

The article discusses the changes in consensus 2024 EBITDA estimates for cannabis companies, noting a general downward revision of 4.5% year-to-date. Despite this, estimates are still 8.4% above 2023 levels. MariMed saw a significant downward revision, while Trulieve experienced an upward revision. The article highlights the challenges faced by the cannabis sector, including rising costs and capital scarcity, and emphasizes the need for patience among investors.

Portfolio Pulse from Viridian Capital Advisors

October 14, 2024 | 3:56 pm

Florida's Amendment 3 aims to legalize recreational marijuana, sparking political debate. Sen. Joe Gruters reassures voters about regulated public use, countering Governor DeSantis' opposition. Cannabis companies like Trulieve and Cresco Labs close operations due to Hurricane Milton.

Portfolio Pulse from Nicolás Jose Rodriguez

October 12, 2024 | 6:25 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.