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 Florida Freedom Fund, backed by Ron DeSantis, spent $116,000 at a fundraiser opposing cannabis legalization, outpacing its $41,000 in fundraising. Meanwhile, the pro-cannabis Smart & Safe Florida committee, heavily funded by Trulieve Cannabis Corp, has amassed $90.44 million.

Portfolio Pulse from Maureen Meehan

September 19, 2024 | 12:49 pm

Governor Ron DeSantis is opposing Florida's Amendment 3, which aims to legalize recreational cannabis, by targeting Trulieve, a major backer of the campaign. DeSantis accuses Trulieve of monopolistic intentions and emphasizes corporate interests over personal freedom. Trulieve, a significant player in Florida's medical cannabis market, is not a monopoly as implied by DeSantis.

Portfolio Pulse from Rolando García

September 18, 2024 | 7:04 pm

Florida state senators from both parties are supporting the cannabis legalization initiative, Amendment 3, which will be on the November 2024 ballot. The initiative could generate significant tax revenue and is backed by Trulieve Cannabis Corp, despite opposition from Governor Ron DeSantis.

Portfolio Pulse from Maureen Meehan

September 11, 2024 | 9:02 pm

Donald Trump and Ron DeSantis are at odds over Florida's cannabis legalization, with Trump supporting and DeSantis opposing. DeSantis accuses Trulieve Cannabis Corp of monopolizing the initiative. Trump's stance has drawn criticism from various Republicans.

Portfolio Pulse from Maureen Meehan

September 10, 2024 | 4:14 pm

Former President Donald Trump's comments on rescheduling cannabis and supporting banking reforms led to a positive reaction in cannabis stocks. Notable gains were seen in companies like Trulieve Cannabis, Green Thumb Industries, and Canopy Growth. The market's response was more modest compared to previous surges.

Portfolio Pulse from Nicolás Jose Rodriguez

September 09, 2024 | 8:49 pm

The first legal recreational cannabis store in North Carolina is opening, while D.C. faces challenges with unlicensed cannabis shops. Trulieve Cannabis Corp. expands its retail footprint in Florida and Arizona, and High Tide Inc. opens a new store in Canada.

Portfolio Pulse from Jelena Martinovic

September 06, 2024 | 9:40 pm

Ohio's adult-use cannabis market has seen strong demand, with sales reaching $44 million. Companies like Trulieve and Locals Cannabis report sustained customer interest. Several multi-state operators are expanding in Ohio, while lawmakers consider road safety measures.

Portfolio Pulse from Patricio Liddle

September 05, 2024 | 9:57 pm

Former President Donald Trump's support for cannabis legalization in Florida has sparked varied reactions in the cannabis stock market. Notable movements include gains for AdvisorShares Pure Cannabis ETF and Trulieve Cannabis, while Canopy Growth and Cronos Group saw declines.

Portfolio Pulse from Nicolás Jose Rodriguez

September 05, 2024 | 1:39 pm

On September 3, 2024, several marijuana stocks experienced significant price movements. Notable gainers included AusCann Group Holdings, Global Hemp Group, and Cronos Group, while Kaya Holdings and Leafbuyer Techs were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 8:30 pm

Former President Donald Trump has endorsed Florida's Amendment 3, which seeks to legalize recreational marijuana. This endorsement has been welcomed by the cannabis industry, including leaders from Trulieve and Curaleaf, who see it as a significant step towards broader legalization. Trump's support could be crucial in achieving the 60% voter approval needed for the amendment to pass.

Portfolio Pulse from Maureen Meehan

August 31, 2024 | 9:46 pm

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