Streetbeat News

TCNNF

Trulieve Cannabis Corp

Employees

9,000

Industry

Medicinal and Botanical Manufacturing

Open

4.00

Mkt cap

795M

Volume

20K

High

4.20

P/E Ratio

-5.27

52-wk high

14.50

Low

4.00

Div yield

N/A

52-wk low

3.99

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

Donald Trump has endorsed Florida's Amendment 3, which seeks to legalize recreational marijuana, marking a significant shift in his stance on drug policy. This endorsement could influence the upcoming November vote and impact the political landscape, particularly affecting Governor Ron DeSantis, who opposes the measure. Trulieve, a major medical marijuana company, is a key financial supporter of the pro-cannabis campaign.

Portfolio Pulse from Maureen Meehan

August 31, 2024 | 6:13 pm

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.