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 article lists the marijuana stocks that gained and lost on November 2, 2023. The biggest gainers were Rocky Mountain High (OTC:RMHB), Global Compliance (OTC:FUAPF), and Psychemedics (NASDAQ:PMD), while the biggest losers were EVIO (OTC:EVIO), Nextleaf Solutions (OTC:OILFF), and RIV Capital (OTC:CNPOF).

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 9:30 pm

The cannabis sector experienced significant movement on October 31, 2023. Notable gainers included Choom Holdings, MPX International, and Rocky Mountain High, with shares closing up 9900.00%, 1100.00%, and 100.00% respectively. On the other hand, Global Hemp Group, EVIO, and Target Group were among the biggest losers, with shares closing down 55.11%, 50.00%, and 28.36% respectively.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 9:30 pm

Wu-Tang Clan's Raekwon, Charlamagne tha God, and a South Carolina civil rights lawyer have been granted a license to expand the Hashstoria dispensary in Newark, which will feature a cannabis consumption lounge. In Florida, Trulieve Cannabis Corp., Verano Holdings Corp., and Green Thumb Industries Inc. have expanded their retail footprint. Trulieve recently donated an additional $500,000 to Florida's ballot initiative to legalize recreational marijuana. Medicine Man Technologies, operating as Schwazze, announced a cannabis store-within-a-store model in Fort Collins. High Tide Inc. launched sales of recreational cannabis products and consumption accessories at its 157th Canna Cabana branded retail cannabis location in Canada.

Portfolio Pulse from Jelena Martinovic

October 31, 2023 | 2:08 pm

Georgia has become the first U.S. state to allow pharmacies to sell medical marijuana over the counter. Three pharmacies have received state licenses to sell low-THC medical marijuana products, including oils, tinctures, and capsules. Over 400 independent pharmacies plan to join the program, excluding chains like CVS and Walgreens. The state's two licensed cannabis producers, Botanical Sciences LLC and Trulieve Cannabis Corp., are providing the pharmacies with MMJ products.

Portfolio Pulse from Maureen Meehan

October 30, 2023 | 2:10 pm

The marijuana stock market experienced a bearish Wednesday with several stocks seeing significant changes. MGC Pharmaceuticals, Psychemedics, Body and Mind, iAnthus Capital Holdings, Nextleaf Solutions, Indiva, Leafbuyer Techs, GreenGro Technologies, CV Sciences, Kaya Holdings, 22nd Century Group, CLS Holdings USA, EnWave, and Cansortium saw gains. However, EVIO, AusCann Group Holdings, Item 9 Labs, 1933 Industries, MJ Holdings, Canopy Growth, Rocky Mountain High, C21 Investments, Cresco Labs, Curaleaf Holdings, Global Compliance, Aurora Cannabis, SOL Global Investments, Tilray Brands, Trulieve Cannabis, Zoned Properties, Cara Therapeutics, OrganiGram Holdings, Village Farms International, Cronos Group, SNDL, GrowGeneration, Green Thumb Industries, Neptune Wellness Solutions, 4Front Ventures, and Charlottes Web Holdings saw losses.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 9:30 pm

Analysts expect weak Q3 2023 revenue growth for most cannabis companies, with a few exceptions due to acquisitions and new market entries. Companies like 4Front, Cresco Labs, and Trulieve are expected to see sequential declines, while others like Verano, TILT, Ascend Wellness, Jushi, MariMed, TerrAscend, and Schwazze are projected to have sequential growth. Maryland is a key growth factor for Ascend, MariMed, and TerrAscend. Glass House Brands is expected to see a 61% YoY growth due to increased greenhouse production capacity.

Portfolio Pulse from Viridian Capital Advisors

October 23, 2023 | 4:34 pm

Cannabis stocks traded lower on Friday, a trend analyst Michael Berger attributes to rising interest rates. Stocks highlighted include Canopy Growth (CGC), Green Thumb Industries (GTBIF), Trulieve Cannabis Corp. (TCNNF), Curaleaf Holdings (CURLF), Tilray Brands (TLRY), Innovative Industrial Properties (IIPR), Jazz Pharmaceuticals (JAZZ), TILT Holdings (TLLTF), and CEA Industries (CEAD). Berger plans to add GTBIF, TCNNF, and TLLTF to his mock portfolio, and is monitoring the rest for potential investment opportunities.

Portfolio Pulse from Javier Hasse

October 23, 2023 | 4:19 pm

Cannabis-infused fine dining is coming to downtown Edmonton, Alberta, through a restaurant called CBD CBN. The restaurant is a collaboration with Health Canada-approved medical cannabis producer Token Naturals Ltd. In New York City, former cannabis prisoners have opened a weed shop called CONBUD. Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) has opened a new medical dispensary in Apollo Beach, Florida. Sanctuary Cannabis has also opened two new stores in Florida. In California, Root'd In The 510 Equity Weed Dispensary has introduced an on-site consumption lounge. The Landing Dispensary, in partnership with Firelands Scientific, has opened in Cincinnati, Ohio.

Portfolio Pulse from Jelena Martinovic

October 23, 2023 | 1:21 pm

Pablo Zuanic, managing partner and senior analyst at Zuanic & Associates, has analyzed the capital expenditure (capex) strategies of 20 prominent cannabis Multi-State Operators (MSOs). Amid high interest rates and regulatory uncertainties, most companies are prioritizing cost reduction and cash flow management. However, Zuanic suggests that some MSOs with the resources should increase capex for profitable growth. Green Thumb (OTC:GTBIF) leads the way with a capex-to-sales ratio of 26% in 1H23, well above the group average of 6%. Other high capex players include MariMed (OTC:MRMD), 4Front (OTC:FFNTF), and Cresco (OTC:CRLBF).

Portfolio Pulse from Nicolás Jose Rodriguez

October 18, 2023 | 7:16 pm

Trulieve Cannabis Corp. has filed amended federal tax returns claiming a refund of $143 million for 2019, 2020, and 2021. The company is challenging its tax liability under Section 280E of the Internal Revenue Code, which bans tax deductions for state-licensed medical cannabis businesses. Trulieve also announced the relocation of a medical cannabis dispensary in Melbourne, Florida.

Portfolio Pulse from Jelena Martinovic

October 13, 2023 | 4:28 pm

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