Streetbeat News

TRUL

Trulite, Inc.

Employees

Open

0.00

Mkt cap

21K

Volume

High

0.00

P/E Ratio

-0.03

52-wk high

0.00

Low

0.00

Div yield

N/A

52-wk low

0.00

U.S. multi-state operators (MSOs) in the cannabis industry are showing improved cost efficiency in Q2 2024, with six out of the top eight MSOs reducing their cost of goods sold (COGS) as a percentage of revenue. Companies like Green Thumb Industries, Curaleaf, Trulieve, Verano, Cresco Labs, and Ascend Wellness have managed to lower their COGS and selling, general, and administrative (SG&A) expenses, indicating better operational efficiency. However, AYR and TerrAscend faced increased COGS, highlighting operational challenges.

Portfolio Pulse from Rolando García

August 12, 2024 | 11:35 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

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

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

New cannabis dispensaries are opening across the U.S., including Trulieve's new store in Pennsylvania, Dark Horse Cannabis's headquarters in Arkansas, Bloom Montana's new location in Bozeman, and Snoop Dogg's first licensed store near LAX. Trulieve is expanding its footprint in Pennsylvania, potentially positioning itself for recreational legalization.

Portfolio Pulse from Jelena Martinovic

July 23, 2024 | 4:39 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

The financial performance of U.S. cannabis companies is outpacing their Canadian counterparts, with U.S. firms like Curaleaf, Green Thumb Industries, Trulieve, and Ascend Wellness showing more favorable EV/EBITDA and P/CFO ratios. U.S. companies are also projected to have a higher Adjusted EBITDA CAGR, driven by expanding legalization and a larger market. Canadian firms like Aurora Cannabis, Tilray, Canopy Growth, and OrganiGram face higher valuations and slower growth.

Portfolio Pulse from Nicolás Jose Rodriguez

June 25, 2024 | 11:01 pm

Trulieve Cannabis Corp. has resolved its legal dispute with Harvest of Ohio LLC, acquiring licenses for medical cannabis dispensaries in Columbus and Beavercreek. The settlement also involves transferring the Athens dispensary to Ariane Kirkpatrick and divesting Harvest Grows and Harvest Processing to third parties. Trulieve will provide operational support to the Ironton facility and pay an immaterial amount to Kirkpatrick.

Portfolio Pulse from Jelena Martinovic

May 30, 2024 | 6:41 pm

Florida's cannabis market is expanding with new dispensaries from Green Thumb Industries, Verano Holdings, and Trulieve Cannabis. Other states and Canada also see growth in cannabis retail, with new stores and expansions from various companies including High Tide Inc. and Right on Brands.

Portfolio Pulse from Jelena Martinovic

May 13, 2024 | 3:18 pm

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