Streetbeat News

TCNNF

Trulieve Cannabis Corp

Employees

9,000

Industry

Medicinal and Botanical Manufacturing

Open

7.21

Mkt cap

1.5B

Volume

276K

High

7.85

P/E Ratio

-10.92

52-wk high

14.50

Low

7.21

Div yield

N/A

52-wk low

4.75

The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.

Portfolio Pulse from Viridian Capital Advisors

June 24, 2024 | 5:12 pm

Florida's cannabis legalization amendment has shattered fundraising records, with Smart & Safe Florida raising over $40 million. Trulieve (OTCQX:TCNNF) has been the largest donor, contributing over $54 million. Other cannabis companies like Verano Holdings (OTCQX:VRNOF), Curaleaf Holdings (OTCQX:CURLF), AYR Wellness (OTCQX:AYRWF), Cresco Labs (OTCQX:CRLBF), and Green Thumb Industries (OTCQX:GTBIF) have also contributed. Despite opposition from Gov. Ron DeSantis, the amendment has strong public support.

Portfolio Pulse from Maureen Meehan

June 24, 2024 | 12:53 pm

New Lake Capital Partners (OTC:NLCP) has seen an 11% rise in stock price over the past 90 days due to strategic investments in cannabis-focused real estate. The company recently invested $16 million in a Connecticut property, expanding its portfolio to 31 properties valued at $385 million. Key tenants include Curaleaf, Cresco Labs, Trulieve, and others. NLCP's financial health is bolstered by a strong cash position, a recent dividend increase, and a competitive valuation compared to peers like Innovative Industrial Properties (NYSE:IIPR).

Portfolio Pulse from Nicolás Jose Rodriguez

June 21, 2024 | 1:01 pm

On June 20, 2024, several marijuana stocks experienced significant price movements. Notable gainers included Global Hemp Group, Belgravia Hartford Cap, and Psychemedics, while major losers included AusCann Group Holdings, SOL Glb Inv, and Greenlane Holdings.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 8:30 pm

The U.S. cannabis market presents a significant investment opportunity, particularly for multi-state operators (MSOs) like Green Thumb Industries, Curaleaf, Trulieve, Verano, and Cresco. Despite current market volatility and challenges, the potential rescheduling of cannabis and the passage of the SAFER Banking Act could drive substantial growth. The AdvisorShares Pure US Cannabis ETF (MSOS) includes these key players, which are well-positioned for long-term growth.

Portfolio Pulse from Javier Hasse

June 18, 2024 | 8:11 pm

Tim Seymour, portfolio manager of the Amplify Seymour Cannabis ETF (NYSE: CNBS), emphasizes the importance of state-level legalization over federal rescheduling for cannabis industry growth. He highlights the potential in states like Ohio, Florida, and Pennsylvania, and mentions companies like Cresco Labs, Trulieve, and Jushi Holdings as well-positioned to benefit from these changes.

Portfolio Pulse from Nicolás Jose Rodriguez

June 18, 2024 | 3:20 pm

Cannabis stocks showed significant movement on June 17, 2024, with notable gainers including Maple Leaf Green World, Rocky Mountain High, and Psychemedics. Conversely, Elixinol Wellness, Cann Gr, and Cara Therapeutics were among the biggest losers.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 8:30 pm

The article compares the YTD stock performance of two baskets of cannabis-related stocks: top five MSOs and top five cannabis lenders. The lender group outperformed the MSO basket and the MSOS ETF. The article suggests diversification in cannabis investments, highlighting the stability of lenders and the potential upside of MSOs.

Portfolio Pulse from Viridian Capital Advisors

June 17, 2024 | 6:13 pm

Tim Seymour, portfolio manager of the Amplify Seymour Cannabis ETF (NYSE:CNBS), discusses the growth potential in the cannabis sector, emphasizing the importance of strategic partnerships, operational efficiencies, and the burgeoning U.S. hemp cannabinoid market. He highlights companies like Curaleaf, Green Thumb Industries, and Trulieve for their strong market positions and governance. Seymour also notes British Tobacco's investment in Organigram as a strategic move to expand international market reach.

Portfolio Pulse from Nicolás Jose Rodriguez

June 17, 2024 | 1:26 pm

Florida's potential legalization of marijuana could generate significant tax revenue, but Governor Ron DeSantis opposes the initiative. The measure, supported by Smart & Safe Florida and funded by cannabis companies like Trulieve, will be on the ballot in November 2024.

Portfolio Pulse from Maureen Meehan

June 15, 2024 | 7:46 pm

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