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

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

On June 14, 2024, several marijuana stocks experienced significant price movements. Notable gainers included Global Hemp Group (OTC:GBHPF) and 22nd Century Group (NASDAQ:XXII), while significant losers included Maple Leaf Green World (OTC:MGWFF) and Cara Therapeutics (NASDAQ:CARA).

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 8:30 pm

Trulieve (OTC:TCNNF) has been fined $350,000 by the Massachusetts Cannabis Control Commission (CCC) for failing to comply with safety protocols, leading to the death of an employee in 2022. The company has also been sued for wrongful death and negligence by the employee's family.

Portfolio Pulse from Nina Zdinjak

June 14, 2024 | 1:11 pm

The article reports on the stock movements of various marijuana-related companies for June 10, 2024. Notable gainers include Global Hemp Group, Global Compliance, and Elixinol Wellness, while significant losers include Belgravia Hartford Cap, Heritage Cannabis Holding, and Pharmadrug.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 8:30 pm

A new ad campaign in Florida highlights the dangers of unregulated marijuana and advocates for the legalization of cannabis through Amendment 3. The campaign, supported by Smart and Safe Florida and financially backed by Trulieve Cannabis Corp and other cannabis companies, aims to ensure safe and regulated marijuana for adults. The amendment will be voted on in November 2024.

Portfolio Pulse from Maureen Meehan

June 05, 2024 | 8:50 pm

The cannabis sector experienced significant movements on June 3, 2024, with notable gainers and losers. Key gainers include Eastside Distilling (NASDAQ:EAST), Corbus Pharmaceuticals (NASDAQ:CRBP), and Cara Therapeutics (NASDAQ:CARA). Major losers include Scotts Miracle Gro (NYSE:SMG), Village Farms Intl (NASDAQ:VFF), and Canopy Growth (NASDAQ:CGC).

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 8:30 pm

John Morgan, a prominent attorney and Democratic fundraiser, is promoting Amendment 3 to legalize adult-use cannabis in Florida. The campaign, funded by Smart & Safe Florida, has raised nearly $50 million, mainly from Trulieve Cannabis (OTCQX:TCNNF). Morgan criticized Gov. Ron DeSantis and hinted at a potential run for governor.

Portfolio Pulse from Maureen Meehan

June 01, 2024 | 5:41 pm

Trulieve Cannabis Corp. has resolved its legal dispute with Harvest of Ohio LLC, acquiring licenses for medical cannabis dispensaries in Columbus and Beavercreek. The settlement also involves transferring the Athens dispensary to Ariane Kirkpatrick and divesting Harvest Grows and Harvest Processing to third parties. Trulieve will provide operational support to the Ironton facility and pay an immaterial amount to Kirkpatrick.

Portfolio Pulse from Jelena Martinovic

May 30, 2024 | 6:41 pm

TDR Research has rated Trulieve Cannabis (OTC:TCNNF) a 'Buy', citing strong financial health and growth potential. The report projects a 46% upside in stock price, with 2024 revenue estimates of $1.20 billion and an EBITDA of $298.8 million. Despite some challenges, anticipated regulatory changes in the cannabis industry could further enhance Trulieve's prospects.

Portfolio Pulse from Nicolás Jose Rodriguez

May 30, 2024 | 6:30 pm

The article reports on the performance of various cannabis stocks on May 28, 2024. Notable gainers include Heritage Cannabis Holding, Global Compliance, and Urban-gro, while significant losers include Target Group, Elixinol Wellness, and Canopy Growth.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 8:30 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.