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

On August 6, 2024, several marijuana stocks experienced significant price movements. Notable gainers included Elixinol Wellness, AusCann Group Holdings, and CNBX Pharmaceuticals, while Leafbuyer Techs and RIV Capital were among the biggest losers. The article highlights the performance of various US-listed companies and OTC stocks in the marijuana sector.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 8:30 pm

Needham analyst Matt McGinley reiterates a Buy rating on Trulieve Cannabis (OTC:TCNNF) and maintains a $14.5 price target.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:48 pm

Trulieve Cannabis Corp. reported its third consecutive quarter of revenue growth, with Q2 2024 revenue reaching $303 million, driven by higher retail traffic and increased wholesale revenue. The company also launched recreational cannabis sales in Ohio, marking a significant milestone. Financial highlights include a gross profit of $182 million, a net loss of $12 million (a 97% YoY improvement), and positive adjusted EBITDA of $107 million. Trulieve operates 206 retail dispensaries and over four million square feet of cultivation and processing capacity nationwide.

Portfolio Pulse from Jelena Martinovic

August 06, 2024 | 1:11 pm

Trulieve Cannabis reported its Q2 2024 results, with an adjusted EPS of $0.00, beating the estimate of $(0.08). Sales were $303.000M, surpassing the expected $293.630M.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:30 am

Ohio will begin recreational cannabis sales on Tuesday, Aug. 6, with nearly 100 medical marijuana dispensaries receiving licenses to sell to adults over 21. Major multi-state operators like Verano Holdings, Trulieve, Curaleaf, and Green Thumb Industries are among those opening dispensaries in the state.

Portfolio Pulse from Maureen Meehan

August 05, 2024 | 8:44 pm

Billionaire Ken Griffin has donated $12 million to oppose Florida's cannabis legalization measure, Amendment 3. Griffin argues that the measure would create a monopoly for large marijuana dispensaries, increase youth addiction, and lead to more crime. Trulieve Cannabis Corp, a Florida-based medical marijuana company, has donated nearly $55 million to support the measure.

Portfolio Pulse from Maureen Meehan

August 05, 2024 | 12:33 pm

New York's cannabis market is expanding as officials crack down on illegal sales, boosting the legal market. Curaleaf and Green Thumb Industries are opening new dispensaries in New York. Other states and Canada are also seeing new cannabis store openings by companies like Verano Holdings, Trulieve Cannabis, and High Tide.

Portfolio Pulse from Jelena Martinovic

August 04, 2024 | 2:46 pm

Ohio medical marijuana dispensaries have been approved to launch recreational cannabis sales starting August 6. The Ohio Division of Cannabis Control will issue dual-use certificates to existing medical marijuana shops. Trulieve, a Florida-based multi-state operator, announced it will begin sales on the same date. Ohio's cannabis industry is expected to generate $1 billion annually and create 3,300 full-time jobs in the first year.

Portfolio Pulse from Maureen Meehan

August 03, 2024 | 4:30 pm

On August 2, 2024, several marijuana stocks experienced significant price movements. Notable gainers included CordovaCann, CNBX Pharmaceuticals, Urban-gro, Zelira Therapeutics, Greenlane Holdings, Psychemedics, cbdMD, and others. Conversely, Elixinol Wellness, Affinor Growers, Pharmadrug, Kaya Holdings, 4Front Ventures, and several other stocks saw declines.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 8:30 pm

The article reports on the stock movements of various marijuana-related companies for July 25, 2024. Notable gainers include Leafbuyer Techs, Cansortium, and Psychemedics, while significant losers include Blueberries Medical, 1933 Industries, and Greenlane Holdings.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 8:30 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.