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

Cannabis stocks experienced significant movements on April 4, 2024, with notable gainers including Choom Holdings, Target Group, and Heritage Cannabis Holding. Conversely, CNBX Pharmaceuticals and Global Compliance led the losers. The volatility reflects ongoing market adjustments within the cannabis sector.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 8:30 pm

Following a Florida Supreme Court decision, a report by Pablo Zuanic predicts a 400% growth in Florida's cannabis market if legalization passes in Nov. 2024, potentially increasing the market to $6B. Companies like Cansortium, AYR Wellness, iAnthus, SNDL, Trulieve, Planet 13, Cannabist, Cresco, Verano, and Curaleaf are expected to see significant valuation increases. The report also anticipates increased M&A activity and benefits for ancillary service providers like WM Technology.

Portfolio Pulse from Nicolás Jose Rodriguez

April 03, 2024 | 8:36 pm

Following the Florida Supreme Court's decision to allow a constitutional amendment for legalizing recreational marijuana on the November 2024 ballot, cannabis companies, including Trulieve, have collectively contributed over $15 million in support. Trulieve had previously donated $40 million. The amendment, known as Amendment 3, aims to legalize non-medical personal use of marijuana for adults 21 or older and requires a 60% voter approval. Companies like Verano Holdings, Curaleaf Holdings, AYR Wellness, Cresco Labs, Green Thumb Industries, and INSA, Inc. are among the new donors. The funding announcement coincides with the upcoming Benzinga Cannabis Capital Conference in Florida.

Portfolio Pulse from Maureen Meehan

April 03, 2024 | 7:56 pm

The Florida Supreme Court's decision to allow a cannabis legalization amendment on the November 2024 ballot has been met with enthusiasm from the cannabis community, including executives from Trulieve Cannabis Corp (TCNNF) and Verano Holdings Corp (VRNOF). Both companies have expressed their support for the initiative, which could significantly impact the cannabis market in Florida, the nation's largest medical cannabis market.

Portfolio Pulse from Maureen Meehan

April 01, 2024 | 11:21 pm

The Florida Supreme Court approved Amendment 3 for the November 2024 ballot, which proposes the legalization of recreational marijuana for adults over 21. Trulieve Cannabis (OTCQX:TCNNF), having contributed significantly to the advocacy group Smart & Safe, stands to benefit if the amendment passes. Florida's Attorney General opposed the measure, citing concerns over federal legality. The amendment allows for possession, purchase, and use of marijuana, with Medical Marijuana Treatment Centers able to sell to adults for personal use starting May 2025 if approved.

Portfolio Pulse from Maureen Meehan

April 01, 2024 | 8:37 pm

AYR Wellness Inc. (OTC:AYRWF) launched its Kynd brand's premium edibles in Florida and Nevada, targeting the $2.2 billion edibles market with vegan gluten-free options. The company reported a 10% revenue increase in 2023 to $463.6 million, despite a widened net loss. The Florida cannabis market, where AYR Wellness is expanding, is valued at over $1.4 billion with a 30% growth rate. Nevada's market, also targeted by AYR, is valued at $850 million, benefiting from tourist traffic and strong economics. Other companies mentioned include Trulieve (OTC:TCNNF), Green Thumb Industries (OTC:GTBIF), Curaleaf Holdings (OTC:CURLF), Jushi Holdings (OTC:JUSHF), and Planet 13 Holdings (OTC:PLNHF).

Portfolio Pulse from Nicolás Jose Rodriguez

March 30, 2024 | 2:54 pm

The Florida Supreme Court did not issue a ruling on proposed amendments for cannabis legalization and abortion rights, causing uncertainty ahead of the April 1 deadline. Trulieve Cannabis (OTCQX:TCNNF), criticized by Florida's AG for supporting the cannabis initiative, is involved in the controversy. The outcome could impact the presidential election dynamics.

Portfolio Pulse from Maureen Meehan

March 28, 2024 | 7:04 pm

The article lists cannabis stock gainers and losers for March 27, 2024, highlighting significant movements in the sector. Notable gainers include Canopy Growth, Maple Leaf Green World, and Cara Therapeutics, with increases of 30.57%, 23.64%, and 19.15% respectively. On the losing end, Green Growth Brands plummeted by 99%, followed by CordovaCann and Item 9 Labs with substantial declines. The article reflects the volatile nature of the cannabis market.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:30 pm

Cannabis stocks experienced significant movements on March 25, 2024, with notable gainers including Beleave, Green Growth Brands, and Auxly Cannabis Group, while losers comprised Global Hemp Group, Elixinol Wellness, and SOL Global Investments. Major US-listed companies like GrowGeneration, Canopy Growth, Aurora Cannabis, OrganiGram Holdings, Greenlane Holdings, Tilray Brands, Cara Therapeutics, and Cronos Group also saw varied stock price changes.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 9:30 pm

The cannabis sector experienced mixed movements on March 21, 2024, with several companies showing significant gains while others faced steep declines. Notable gainers included Rocky Mountain High, CLS Holdings USA, and Trulieve Cannabis, with increases of 40.20%, 9.89%, and 7.96% respectively. On the downside, AusCann Group Holdings and Elixinol Wellness saw dramatic drops of 71.63% and 70.75%. The volatility reflects bearish sentiment across the cannabis space.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 9:30 pm

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