Streetbeat News

TCNNF

Trulieve Cannabis Corp

Employees

9,000

Industry

Medicinal and Botanical Manufacturing

Open

6.70

Mkt cap

1.3B

Volume

103K

High

6.74

P/E Ratio

-9.49

52-wk high

14.50

Low

6.40

Div yield

N/A

52-wk low

4.75

Canadian cannabis companies outperformed their American counterparts last week, with significant gains in stock prices for companies like Aurora Cannabis, Tilray Brands, Cronos Group, Organigram, and Canopy Growth. In contrast, American multi-state operators showed more modest gains. The U.S. cannabis market presents a significant risk-reward opportunity, particularly for MSOs, despite regulatory challenges.

Portfolio Pulse from Rolando García

July 16, 2024 | 10:25 pm

The Libertarian Party of Florida has endorsed the adult-use cannabis legalization measure, signaling a shift in voter sentiment. Hemp executives have pledged $5M to Florida's GOP after Governor DeSantis vetoed a bill that would have impacted the hemp industry. Major cannabis companies like Trulieve, Curaleaf, and Verano are expanding their market presence in Florida. Verano and Curaleaf are set to report their Q2 results on August 7th, with expectations of lower-end revenue and EBITDA estimates.

Portfolio Pulse from Nicolás Jose Rodriguez

July 16, 2024 | 2:19 am

Pennsylvania's budget approval excludes recreational cannabis legalization, impacting Jushi Holdings and TILT Holdings. Both companies had invested heavily in anticipation of legalization. Jushi's stock declined, while TILT's stock saw a slight increase. The news highlights the importance of state-level decisions for the cannabis industry.

Portfolio Pulse from Nicolás Jose Rodriguez

July 16, 2024 | 2:06 am

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is outperforming its peers in the cannabis capital providers and mortgage REIT sectors due to its premium valuation, high dividend yield, and robust growth track record. REFI trades at a 3% premium to its book value and offers a 12.2% dividend yield, supported by a solid dividend coverage ratio and special cash dividends. Despite an increase in leverage, REFI maintains a conservative risk profile and a strong growth track record, making it an attractive investment.

Portfolio Pulse from Nicolás Jose Rodriguez

July 05, 2024 | 3:02 pm

The recent federal court ruling dismissing a lawsuit from major cannabis companies could have significant implications for cannabis stocks. Dan Ahrens of AdvisorShares Trust AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) suggests this could lead to favorable regulatory changes. The ruling has caused market volatility, affecting stocks like Trulieve Cannabis (OTC:TCNNF), Canopy Growth (NASDAQ:CGC), and Tilray Brands (NASDAQ:TLRY). Boris Jordan of Curaleaf Holdings (OTC:CURLF) predicts industry consolidation and significant growth potential driven by regulatory changes.

Portfolio Pulse from Patricio Liddle

July 05, 2024 | 3:02 pm

Trulieve Cannabis Corp. is expanding its retail footprint in Florida amidst growing support for recreational cannabis legalization. The company opened two new medical marijuana shops and plans a ribbon-cutting ceremony for another location. Trulieve has invested heavily in the #YesOn3 ballot initiative. Meanwhile, Kaya Holdings announced the opening of its psilocybin treatment center in Oregon.

Portfolio Pulse from Jelena Martinovic

July 03, 2024 | 4:28 pm

Marijuana stocks experienced a bearish Friday with notable gainers and losers. Corbus Pharmaceuticals (NASDAQ:CRBP) and Cara Therapeutics (NASDAQ:CARA) were among the few US-listed companies mentioned, with CRBP closing up 3.12% and CARA closing down 8.77%.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 8:30 pm

The article reports on the performance of various cannabis stocks on June 27, 2024. Notable gainers include Plant Based Investment, Elixinol Wellness, and Maple Leaf Green World, while significant losers include 4Front Ventures, AusCann Group Holdings, and SOL Global Investments.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 8:30 pm

Good Day Farm and NOLA PharmaHoldings are raising $65.6 million to expand in the medical cannabis market. This move highlights the growing M&A activity in the cannabis industry, driven by valuation disparities and cost of capital advantages for larger MSOs like Curaleaf, Green Thumb Industries, and Trulieve Cannabis.

Portfolio Pulse from Nicolás Jose Rodriguez

June 26, 2024 | 5:57 pm

The cannabis sector experienced significant volatility on June 25, 2024, with notable gainers and losers. Genetic Technologies (NASDAQ:GENE) and Mexco Energy (AMEX:MXC) saw modest gains, while Cara Therapeutics (NASDAQ:CARA) and Canopy Growth (NASDAQ:CGC) experienced declines.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 8:30 pm

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