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 CEO Kim Rivers expressed confidence in a potential rescheduling of cannabis. The information was shared during a Benzinga subscriber event.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:09 pm

Benzinga's Cannabis Capital Conference is set to discuss federal reform and state market opportunities in the cannabis sector. The conference may mention MSOS and TCNNF.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:06 pm

X, formerly known as Twitter, has become the first mainstream technology platform to allow cannabis advertising. Trulieve Cannabis Corp (OTCQX:TCNNF) is leveraging this opportunity to build its brand presence and create new channels of communication. The company has seen significant success on the platform, gaining almost 40,000 followers and making 100 million impressions across four state markets in a few months.

Portfolio Pulse from Adam Eckert

September 27, 2023 | 3:31 pm

The cannabis sector experienced mixed performance on September 26, 2023, with several stocks seeing significant gains while others suffered losses. Notable gainers include GreenGro Technologies, Rocky Mountain High, iAnthus Capital Hldgs, and Urban-gro. On the other hand, Choom Holdings, Heritage Cannabis Holding, Nextleaf Solutions, and Pharmadrug were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 9:30 pm

The Benzinga Cannabis Capital Conference is set to take place on September 27-28, featuring discussions on cannabis industry insights and predictions. Keynote speakers include Kim Rivers, CEO of Trulieve (OTC:TCNNF), and Boris Jordan, Executive Chairman of Curaleaf (OTC:CURLF). The conference will also feature participation from senior FDA officials, addressing regulatory challenges of delta-8 and delta-9 THC products. The potential growth of the cannabis industry with HHS rescheduling and the impact of cannabis legislation on tax brackets and free cash flow for cannabis companies will also be discussed.

Portfolio Pulse from The Dales Report

September 26, 2023 | 4:21 pm

The article discusses the potential for institutional investors to migrate to cannabis stocks, with a focus on the recent HHS recommendation for rescheduling cannabis. It also covers the potential implications of the SAFE Banking Act and the impact of 280E tax provision on cannabis companies. The article features insights from executives of several cannabis companies including Glass House, TerrAscend, Verano, Village Farms, AdvisorShares' MSOS, 4Front, Trulieve, and Cresco Labs.

Portfolio Pulse from Todd Harrison

September 22, 2023 | 5:40 pm

Zuanic & Associates has analyzed the financial net debt metrics of 20 multi-state operators (MSOs) in the cannabis industry to identify potential candidates for equity raises or debt restructuring. Trulieve and Curaleaf have the highest net debt among the group. The report also includes income tax payables, gross leases, and warrant derivative liabilities in its definition of net debt, revealing that Curaleaf, Cresco, and Trulieve hold the highest absolute 'broad' net financial debt. Several MSOs, including Acreage, Ascend Wellness, AYR, Columbia Care, 4Front, iAnthus, Jushi, StateHouse, and TerrAscend, present a higher probability of needing equity raises.

Portfolio Pulse from Nicolás Jose Rodriguez

September 21, 2023 | 2:55 pm

Cresco Labs Inc. is expanding its cannabis brand portfolio in Florida to include the FloraCal and Cresco brands. The company will roll out these products at Florida-based Sunnyside dispensaries starting next week. Cresco recently opened its 33rd medical cannabis store in the state, positioning itself as a main competitor to Trulieve Cannabis Corp., which has over 120 dispensaries in Florida. Other companies positioning themselves for potential legalization of recreational marijuana in Florida include Planet 13 and AYR Wellness, Inc.

Portfolio Pulse from Jelena Martinovic

September 21, 2023 | 12:54 pm

The article lists the cannabis stocks that gained and lost on September 20, 2023. The biggest gainers were AusCann Group Holdings, Target Group, and Maple Leaf Green World, while the biggest losers were EVIO, GrowLife, and Zelira Therapeutics.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 9:30 pm

Several marijuana stocks experienced significant price movements on September 19, 2023. Notable gainers include Maple Leaf Green World, Heritage Cannabis Holding, Charlottes Web Holdings, MJ Holdings, Leafbuyer Techs, GreenGro Technologies, Cara Therapeutics, and 1933 Industries. On the other hand, stocks such as Target Group, AusCann Group Holdings, Item 9 Labs, Kaya Holdings, Curaleaf Holdings, Indiva, Greenlane Hldgs, Trulieve Cannabis, CNBX Pharmaceuticals, Cresco Labs, Canopy Gwth, Body and Mind, CLS Holdings USA, 4Front Ventures, Trees, MedMen Enterprises, Khiron Life Sciences, Zoned Props, CV Sciences, Pharmadrug, C21 Investments, Neptune Wellness Solns, GrowGeneration, Green Thumb Industries, 22nd Century Group, Tilray Brands, MariMed, and Village Farms Intl closed down.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 9:30 pm

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