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

SLANG Worldwide is facing a financial crisis with a $17.3 million debt due in November 2024. The company is struggling with declining revenues and may need to sell assets or downsize. SLANG's stock has dropped significantly.

Portfolio Pulse from Rolando García

October 11, 2024 | 3:04 pm

Florida cannabis companies, including Cresco Labs, Trulieve Cannabis Corp., Ayr Wellness, and Verano Holdings, are closing operations due to Hurricane Milton. Despite the storm, Governor DeSantis refused to extend the voter registration deadline, affecting the upcoming elections and cannabis legalization vote.

Portfolio Pulse from Maureen Meehan

October 10, 2024 | 6:37 pm

In Florida, cannabis legalization is the dominant issue in the 2024 election, with $68 million spent on ads for Amendment 3, compared to just $1.4 million for the presidential race. Trulieve Cannabis Corp. has invested $55 million in support of the amendment.

Portfolio Pulse from Nicolás Jose Rodriguez

October 10, 2024 | 2:49 am

Florida's cannabis legalization campaign, Amendment 3, is the best-funded in U.S. history, raising over $100 million. The campaign, supported by Cresco Labs and Trulieve Cannabis, faces legal challenges, including a defamation lawsuit by Trulieve against the Florida Republican Party.

Portfolio Pulse from Maureen Meehan

October 09, 2024 | 11:08 pm

The Miami Herald endorses Florida's cannabis legalization initiative, Amendment 3, highlighting the failed drug war and potential tax revenue. The amendment could generate significant sales tax revenue and offers legal protections for recreational users. Concerns include market control by existing companies like Trulieve Cannabis Corp.

Portfolio Pulse from Maureen Meehan

October 09, 2024 | 1:13 pm

A panel hosted by Zuanic & Associates discussed the regulatory challenges facing the hemp industry, with a focus on Florida. The panelists highlighted the growth of hemp-derived products and the potential of the hemp beverage market. They criticized the monopolistic tendencies of large cannabis companies and called for clear federal regulation, referencing Senator Ron Wyden's Cannabinoid Safety and Regulation Act as a potential guide.

Portfolio Pulse from Rolando García

October 07, 2024 | 6:27 pm

Florida is facing legal challenges over taxpayer-funded anti-cannabis ads. State Sen. Jason Pizzo filed a lawsuit against the state for using public funds to oppose cannabis legalization. Trulieve Cannabis Corp. is also suing the Florida GOP for misleading ads against cannabis legalization.

Portfolio Pulse from Maureen Meehan

October 07, 2024 | 1:37 pm

Trulieve Cannabis Corp. has filed a defamation lawsuit against the Florida GOP, accusing them of misleading voters with a TV ad about cannabis legalization. The ad suggests that only large companies like Trulieve would benefit from the legalization, which Trulieve claims is false. The lawsuit aims to correct the narrative and seek damages.

Portfolio Pulse from Maureen Meehan

October 03, 2024 | 2:51 am

Banzai has been granted an extension by the Nasdaq Hearing Panel to regain compliance with listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:34 pm

Florida's cannabis market faces challenges despite significant investments in adult-use legalization. Companies like Trulieve and Curaleaf are heavily investing, but dispensary sales have slipped due to increased competition and external factors. The market's future hinges on legislative changes and potential growth if adult-use legalization passes.

Portfolio Pulse from Nicolás Jose Rodriguez

October 01, 2024 | 10:18 pm

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