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 cannabis industry is experiencing significant growth with new store openings and sales milestones ahead of the Benzinga Cannabis Capital Conference in Florida. Illinois' cannabis market continues to expand, with MariMed Inc. opening a new Thrive dispensary. In Florida, Trulieve Cannabis Corp. and Green Thumb Industries Inc. are expanding their retail footprints amid talks of recreational legalization. AYR Wellness Inc. relocated its Tallahassee dispensary, and in New Jersey, C3 Industries Inc. and Holistic Re-Leaf opened new stores. Pennsylvania sees expansion with new dispensaries by PharmaCann Inc. and Cresco Labs Inc.

Portfolio Pulse from Jelena Martinovic

March 19, 2024 | 2:51 pm

Marijuana stocks experienced significant gains on a bullish Monday, with Greenlane Holdings leading the surge at 31.82% increase. Notable gainers include Heritage Cannabis, Canopy Growth, and Aurora Cannabis among others. Conversely, a few companies like Rocky Mountain High and Global Compliance faced declines.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 9:30 pm

The 4th quarter 2023 earnings for the cannabis sector showed a positive trend with a significant correlation between EBITDA surprises and stock performance. Green Thumb and Trulieve reported notable EBITDA beats, while Marimed, Cannabist, and TerrAscend faced significant misses. Analysts have adjusted their 2024 EBITDA estimates slightly downwards, reflecting modest expectations for revenue growth and margin expansion. The Viridian Cannabis Deal Tracker highlights the importance of these trends for investors.

Portfolio Pulse from Viridian Capital Advisors

March 18, 2024 | 4:46 pm

Cannabis stocks experienced significant movements on March 15, 2024, with notable gainers including CordovaCann, Global Hemp Group, and Canopy Growth, among others. Conversely, Australis Capital led the losers with a dramatic drop. The movements reflect varying investor sentiments and market dynamics within the cannabis sector.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 9:30 pm

Marijuana stocks experienced significant movements on March 13, 2024, with notable gainers including Global Hemp Group, Blueberries Medical, and 4Front Ventures, among others. Conversely, MedMen Enterprises led the losers, experiencing a dramatic 90% decline. Other companies such as AusCann Group Holdings and Elixinol Wellness also saw substantial drops. The movements reflect the volatile nature of the marijuana stock market.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 9:30 pm

Tension between the White House and the DEA over marijuana rescheduling is increasing, with DEA officials questioning the medicinal benefits of cannabis despite HHS documents supporting its medical use. The DEA's resistance and concerns over THC potency have caused cannabis stocks to wobble, with notable dips in stocks like MSOS, CURLF, GTBIF, VRNOF, and TCNNF. Rescheduling cannabis could offer significant benefits for the industry, including federal tax deductions and more research opportunities, but faces legal and international treaty concerns.

Portfolio Pulse from Maureen Meehan

March 11, 2024 | 10:56 pm

Florida Governor Ron DeSantis expressed concerns about the proposed recreational cannabis legalization measure in Florida, emphasizing the need for more restrictive regulations, particularly regarding public consumption near schools. The measure, led by Smart & Safe Florida and funded by Trulieve Cannabis Corp. (OTCQX:TCNNF), has been challenged in the Florida Supreme Court by Attorney General Ashley Moody. Despite the legal challenges, a recent poll shows strong voter support for legalization. Meanwhile, Florida lawmakers have approved a bill imposing THC content restrictions on hemp extracts.

Portfolio Pulse from Nina Zdinjak

March 11, 2024 | 2:23 pm

The cannabis sector experienced significant movement on March 8, 2024, with a majority of stocks showing bullish sentiment. Notable gainers include MedMen Enterprises with a 900% increase and Cann Gr with a 232.28% rise. Conversely, Heritage Cannabis Holding led the losers, declining by 18.33%. This movement reflects a dynamic day in the cannabis market, with several companies experiencing substantial price changes.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 9:30 pm

The article highlights the achievements of 22 influential women in the cannabis industry, emphasizing their leadership, innovation, and contributions. It mentions their participation in the upcoming Benzinga Cannabis Capital Conference in Florida, April 2024. Key figures include Kim Rivers of Trulieve, who has led the company's growth through strategic mergers and acquisitions, and Nancy Whiteman of Wana Brands, recognized for her leadership and the brand's expansion under Canopy Growth Corp. The conference aims to celebrate these women's achievements and offer networking opportunities for cannabis entrepreneurs.

Portfolio Pulse from Abbey Higginbotham

March 08, 2024 | 9:25 pm

Seaport Global analyst Sonny Randhawa has maintained a Buy rating on Trulieve Cannabis (OTC:TCNNF) and increased the price target from $12 to $16.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 5:19 pm

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