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 August 8, 2024, several cannabis-related stocks experienced significant price movements. Notable gainers included CordovaCann, iAnthus Capital Holdings, Psychemedics, Aurora Cannabis, and Corbus Pharmaceuticals. Conversely, Greenlane Holdings and SOL Global Investments were among the notable losers.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 8:30 pm

The article discusses key trends in the cannabis market across various states ahead of the second quarter earnings season. It highlights the performance of major players like Trulieve, Verano, Curaleaf, Green Thumb, Cresco, Ascend, and Columbia Care in states such as Florida, Illinois, Pennsylvania, Arizona, Maryland, New Jersey, Ohio, and Michigan. Federal reform expectations, IRS news on 280E, refinancing potential, and M&A strategies are identified as main drivers of sentiment.

Portfolio Pulse from Nicolás Jose Rodriguez

August 07, 2024 | 1:46 am

Cannabis stocks surged following the start of recreational cannabis sales in Ohio and strong earnings reports from key industry players. The AdvisorShares Pure Cannabis ETF (NYSE:YOLO) rose by 8%, while Green Thumb Industries (OTC:GTBIF) and Trulieve Cannabis (OTC:TCNNF) saw significant gains. Other multi-state operators like Verano Holdings (OTC:VRNOF), Curaleaf Holdings (OTC:CURLF), Cresco Labs (OTC:CRLBF), and Ascend Wellness Holdings (OTC:AAWH) are also set to benefit from Ohio's new regulatory environment.

Portfolio Pulse from Patricio Liddle

August 06, 2024 | 10:49 pm

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

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