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

Kim Rivers discusses an amendment related to cannabis, emphasizing it does not penalize small users but instead introduces safe, regulated products to the market, highlighting freedom of choice. The article also mentions the Cannabis Capital Conference, accessible to subscribers and new users.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:20 pm

Kim Rivers discusses the third attempt to get cannabis legalization on the ballot in Florida, highlighting the significance for the cannabis industry. The article also mentions the Cannabis Capital Conference, offering access to both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:10 pm

Trulieve CEO Kim Rivers announced at Benzinga's Cannabis Capital Conference their involvement in the Smart & Safe Florida campaign to legalize adult use of cannabis in Florida. The conference also offers live access for both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:07 pm

At the Benzinga Cannabis Capital Conference, insiders, including former U.S. Sen. Cory Gardner and former U.S. Rep. Ed Perlmutter, discussed the potential for the SAFER Banking Act to be attached to the Federal Aviation Administration reauthorization, signaling progress in cannabis banking reform. The AdvisorShares Pure US Cannabis ETF (MSOS) saw a midday surge, possibly in reaction to these discussions. The bipartisan support for the SAFER Banking Act and recent discussions among key Congress members and Senate Majority Leader Chuck Schumer about attaching cannabis banking legislation to the FAA bill indicate that cannabis banking reform is closer than ever.

Portfolio Pulse from Maureen Meehan

April 16, 2024 | 6:53 pm

Viridian Capital Advisors' analysis reveals a 292% surge in trading volume for the cannabis sector, with AYR Wellness leading. Despite this, major Multi-State Operators like Curaleaf and AYR face liquidity challenges, with increased days required to trade their market cap. The report emphasizes the importance of liquidity for investors and hints at potential DEA rescheduling as a factor for market outlook but notes skepticism about attracting more institutional investment without further reforms.

Portfolio Pulse from Nicolás Jose Rodriguez

April 11, 2024 | 5:17 pm

The latest report from Water Tower Research highlights growth and volatility in the US cannabis industry, with a focus on ETFs like MSOS and YOLO, and companies such as AYR Wellness and Trulieve. The report anticipates regulatory changes and discusses the potential impact of Florida's Amendment 3 on the market. CLS Holdings' expansion into New York's recreational cannabis market is also featured, alongside speculation about DEA rescheduling of cannabis.

Portfolio Pulse from Patricio Liddle

April 09, 2024 | 7:32 pm

Kim Rivers, CEO of Trulieve (OTCQX:TCNNF), responded to Florida Governor Ron DeSantis's negative views on cannabis legalization, arguing that cannabis is scientifically proven to be healthier than alcohol and that its legalization in Florida would improve residents' quality of life. Trulieve has contributed $40 million to the Smart & Safe Florida campaign to support the cannabis legalization initiative, known as Amendment 3, which will be on the November 2024 ballot. If passed, this initiative could significantly expand the market for existing medical cannabis companies and increase state tax revenues.

Portfolio Pulse from Maureen Meehan

April 09, 2024 | 1:16 pm

The cannabis industry is experiencing significant growth with new store openings and consumption lounges across the U.S. Florida's Supreme Court approved a recreational cannabis legalization initiative, leading to new dispensaries by Cansortium Inc. and Trulieve Cannabis Corp. Michigan, California, Nevada, New Jersey, New York, and Texas also saw new cannabis retail developments. Notably, Planet 13 Holdings Inc. opened Nevada's second state-approved consumption lounge. The Benzinga Cannabis Capital Conference in Florida highlights the industry's expansion and future prospects.

Portfolio Pulse from Jelena Martinovic

April 09, 2024 | 3:38 am

Canadian cannabis stocks like Tilray, Canopy, Aurora, and others are rallying due to recent developments such as Tilray's earnings, Organigram's investor day, and movements by Canopy and Aurora. Legislative changes in Canada, Germany, and the U.S. have positively impacted these stocks. Analyst Pablo Zuanic highlights the sector's potential for growth despite liquidity issues, with some stocks trading as proxies for U.S. exposure. Aurora, Tilray, and Canopy show significant short interest, with Tilray and SNDL leading in revenue. Strategic partnerships and international operations are crucial for expansion.

Portfolio Pulse from Nicolás Jose Rodriguez

April 08, 2024 | 10:34 pm

The cannabis sector experienced significant movement on April 5, 2024, with numerous companies seeing substantial gains or losses in their stock prices. Notably, MPX International and 22nd Century Group were among the top gainers, while Choom Holdings and Heritage Cannabis Holding faced steep declines.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:30 pm

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