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

Trulieve Cannabis Corp (OTC:TCNNF) has donated an additional $500,000 to Florida's ballot initiative to legalize recreational marijuana, bringing its total contributions to $39.55 million. The company's financial support underscores its dominant position in backing the initiative. The proposed amendment would allow individuals aged 21 and above to possess, purchase, or use marijuana products for non-medical personal consumption. The measure is set for deliberation in a hearing scheduled for November 8th.

Portfolio Pulse from Patricio Liddle

October 11, 2023 | 9:25 pm

YourWay Cannabis Brands Inc. has confirmed receipt of a complaint filed by Trulieve Cannabis Corp., Harvest Health & Recreation, and Randy Taylor Consulting. The complaint alleges that YourWay, among others, participated in unlawful kickback schemes to the detriment of the plaintiffs. The alleged misconduct occurred prior to the tenure of the current management team. YourWay is investigating the claims and will provide further updates once a course of action has been authorized by the board of directors.

Portfolio Pulse from Nina Zdinjak

October 09, 2023 | 1:19 pm

The Georgia Board of Pharmacy has begun accepting applications from nearly 120 pharmacies to provide medical marijuana products, making it the first state in the US to allow the sale of low-dose cannabis at independent drug stores. The state's only two licensed cannabis producers, Botanical Sciences LLC and Trulieve Cannabis Corp. (OTCQX: TCNNF), will supply the pharmacies with products. This move will put about 90% of Georgia’s population within a 30-minute drive of a pharmacy selling medical marijuana.

Portfolio Pulse from Maureen Meehan

October 07, 2023 | 8:02 pm

Dymapak, a global manufacturer of child-resistant packaging solutions, has introduced a new child-resistant Consumer Packaged Goods (CPG) packaging solution called 'Squeeze and Turn Tin'. The product is 100% curbside recyclable and offers an airtight seal and metal-on-metal construction. Companies such as Novartis AG, Walgreens Boots Alliance Inc, and Trulieve Cannabis Corp rely on Dymapak's solutions.

Portfolio Pulse from Joana Scopel

October 05, 2023 | 6:58 pm

On October 4, 2023, several marijuana stocks experienced significant price movements. Notable gainers included Australis Capital (OTC:AUSAF), Rocky Mountain High (OTC:RMHB), and Canopy Gwth (NASDAQ:CGC). On the other hand, Belgravia Hartford Cap (OTC:BLGVF), Heritage Cannabis Holding (OTC:HERTF), and Eastside Distilling (NASDAQ:EAST) were among the biggest losers.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 9:30 pm

Marijuana stocks experienced a bearish Tuesday with several stocks closing down significantly. GrowLife (OTC:PHOT) and MedMen Enterprises (OTC:MMNFF) were among the top losers, closing down 60.00% and 19.30% respectively. However, some stocks such as Khiron Life Sciences (OTC:KHRNF) and Global Compliance (OTC:FUAPF) closed up, gaining 13.33% and 11.00% respectively.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 9:30 pm

Steve White, the president of Trulieve Cannabis Corp. (OTCQX:TCNNF), is set to retire on October 1, 2023. He will continue to serve as a strategic advisor until the end of the year. This news follows the company's loss of its second CFO in a month. White co-founded Harvest Health & Recreation, which was acquired by Trulieve, and has been instrumental in integrating the operations of both companies.

Portfolio Pulse from Nina Zdinjak

October 02, 2023 | 1:28 pm

Harvest of Ohio has responded to allegations of loan default by Trulieve Cannabis Corp (OTCQX:TCNNF) and its subsidiaries, accusing them of orchestrating an unlawful enterprise to execute a hostile takeover of their business. The response alleges predatory practices, underfunding, and misleading state regulators. The case is now pending in the Ohio Court of Common Pleas.

Portfolio Pulse from Joana Scopel

October 01, 2023 | 2:51 am

Industry experts at the Benzinga Cannabis Capital Conference emphasized the importance of professionals with mainstream industry experience in the cannabis sector. Susan Thronson, a board member at Trulieve Cannabis Corp, highlighted the need for adaptability in the rapidly changing cannabis landscape. The panel also discussed the challenges of state-by-state legislation and the need for diversity in the industry.

Portfolio Pulse from Jelena Martinovic

September 28, 2023 | 11:51 pm

On September 27, 2023, several cannabis stocks experienced significant price movements. Notable gainers included Global Hemp Group (OTC:GBHPF), GrowLife (OTC:PHOT), and Heritage Cannabis Holding (OTC:HERTF), with shares closing up 68.42%, 42.86%, and 26.67% respectively. On the other hand, Target Group (OTC:CBDY), MGC Pharmaceuticals (OTC:MGCLF), and Item 9 Labs (OTC:INLB) were among the biggest losers, with shares closing down 48.31%, 45.45%, and 17.65% respectively.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 9:30 pm

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