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 expected to grow significantly due to the clearance of the SAFER Banking Act by the Senate’s Banking Committee. Trulieve's CEO, Kim Rivers, highlighted the importance of this development at the Cannabis Capital Conference. She also mentioned the potential benefits of the shift from Schedule I to III for cannabis under the federal Controlled Substances Act. Rivers sees a massive opportunity in Florida, anticipating a $6 billion market opportunity with its potential shift from medical to adult use.

Portfolio Pulse from Lara Goldstein

September 27, 2023 | 8:53 pm

Trulieve CEO Kim Rivers has expressed interest in expanding the company's operations into Pennsylvania and Georgia over the next two years. This information was shared during a Benzinga Cannabis Capital Conference.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:22 pm

Trulieve CEO Kim Rivers has expressed optimism about the language of Florida's legalization legislature. The company is currently awaiting a decision from the state Supreme Court.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:20 pm

Trulieve CEO Kim Rivers stated that Florida is poised to become the largest cannabis market in the US, citing the state's population and tourism. She sees a $6B market opportunity in Florida.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:19 pm

Trulieve CEO Kim Rivers stated that it will take some time for the company's initiatives to move through the House. The statement was made during a Benzinga subscriber event.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:18 pm

Trulieve CEO Kim Rivers has described the vote in the Senate today as a 'historic day'. The news was reported by Benzinga, a financial news outlet.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:17 pm

Trulieve CEO Kim Rivers stated that the vote today was as expected and the company's focus will still be on Section 10. She also mentioned that Schumer's immediate support is a positive sign.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:16 pm

Trulieve CEO Kim Rivers has expressed expectations for the rescheduling of cannabis 'sooner rather than later'.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:13 pm

Trulieve CEO Kim Rivers anticipates a surge of bills following the SAFER Banking Act vote. The statement was made during a Benzinga conference.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:12 pm

Trulieve CEO Kim Rivers announced that the company has paid approximately $223M in taxes to the Federal Government as a result of the 280 tax code.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:11 pm

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