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

A recent poll shows 64% of Florida voters support legalizing recreational marijuana, with Amendment 3 set for a vote in November 2024. The pro-cannabis campaign, led by Smart and Safe Florida, has raised $71.8 million, primarily funded by Trulieve Cannabis Corp. (OTC:TCNNF).

Portfolio Pulse from Maureen Meehan

August 29, 2024 | 11:13 pm

C21 Investments and Vext Science, two small-cap cannabis stocks, have shown strong financial performance in cash flow and credit management, outperforming larger peers like Tilray, Curaleaf, and Trulieve. Despite their smaller market caps, they demonstrate superior cash flow margins and credit rankings, highlighting their financial efficiency.

Portfolio Pulse from Nicolás Jose Rodriguez

August 29, 2024 | 7:05 pm

Rapper Afroman celebrated the legalization of recreational marijuana in Ohio, claiming credit for the achievement. The new law allows sales at over 100 medical marijuana shops, including those owned by Verano Holdings, Trulieve, Curaleaf Holdings, Acreage Holdings, and Green Thumb Industries.

Portfolio Pulse from Maureen Meehan

August 28, 2024 | 6:02 pm

The article reports on the stock movements of various marijuana-related companies on August 27, 2024. Notable gainers include Elixinol Wellness and Heritage Cannabis Holding, while significant losers include Target Group and Cresco Labs.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 8:30 pm

Trulieve Cannabis Corp. has become the first cannabis sponsor of the U.S. Pro Pickleball, partnering with the Carvana PPA Tour and Major League Pickleball to sponsor events in Arizona, Florida, and Georgia. This collaboration aims to engage new audiences as pickleball continues to grow rapidly in the U.S.

Portfolio Pulse from Rolando García

August 27, 2024 | 7:10 pm

Cannabis stocks, including Curaleaf Holdings, Trulieve Cannabis, Green Thumb Industries, Cresco Labs, and Cansortium, experienced significant declines following the DEA's delay in cannabis rescheduling. The AdvisorShares Pure US Cannabis ETF (MSOS) also dropped over 10%. Despite the downturn, analysts see potential buying opportunities amid market volatility.

Portfolio Pulse from Nicolás Jose Rodriguez

August 27, 2024 | 3:09 pm

The American Civil Liberties Union of Florida (ACLU-FL) has endorsed Amendment 3, which seeks to legalize cannabis for recreational use in Florida. Despite Governor Ron DeSantis' opposition, support for the amendment is growing, with significant financial backing from firms connected to his own super PAC. Trulieve Cannabis Corp, a major financial backer of the amendment, is also involved through its association with DeSantis' advisor Nick Iarossi.

Portfolio Pulse from Maureen Meehan

August 26, 2024 | 10:44 pm

The cannabis market is facing volatility, with ETFs like AdvisorShares Pure US Cannabis ETF (MSOS) and its leveraged counterpart MSOX experiencing challenges due to regulatory uncertainty and underperforming stocks. However, potential regulatory reforms, such as cannabis rescheduling, offer hope for recovery.

Portfolio Pulse from Javier Hasse

August 22, 2024 | 1:00 pm

A dispute has arisen between a senior staffer for Florida Gov. Ron DeSantis and the CEO of Trulieve Cannabis Corp over the proposed cannabis legalization initiative, Amendment 3. The controversy centers on the lack of a home-grow provision in the amendment, which DeSantis opposes. Trulieve's CEO, Kim Rivers, argues that the omission was due to legal constraints, not corporate greed.

Portfolio Pulse from Maureen Meehan

August 21, 2024 | 10:15 pm

On August 21, 2024, several cannabis stocks experienced significant price movements. Notable gainers included Eastside Distilling (NASDAQ:EAST) with a 31.87% increase and Corbus Pharmaceuticals (NASDAQ:CRBP) with a 7.45% rise. Among the losers, Greenlane Holdings (NASDAQ:GNLN) saw a 12.31% decline and Urban-gro (NASDAQ:UGRO) dropped by 11.56%.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 8:30 pm

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