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Trulieve Cannabis Corp. (TRUL.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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47.52+0.22 (+0.47%)
At close: 3:59PM EDT
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  • U
    UKniw
    I’m really excited about the future of Trulieve and while I didn’t expect the take out of Harvest Health, the transaction makes all the sense in the world. The merger puts Trulieve at the top of the mountain and rightfully so. Trulieve’s business strategy and execution has been flawless, best balance sheet, cap table and management team in the business. Az is Harvests best asset and the merger will make Trulieve the first MSO with $1bn in revenue. One thing we cannot underestimate is organic growth with filling directly with each state that comes on line for medical and recreational. We now have foot print and the additional resources of Harvest Health’s team. The legal work and money spent to acquire/win these licenses is inconsequential and the capex to build out these ops is a drop in the bucket. Time is a challenge and each one of these states moves at their own pace. Truly eve has built the best foundation in the business and bar regulatory reform, Trulieve is a kick butt company! I gotta feeling that we are going to get regulatory reform this year and the stock price will do really well. Too much good stuff happening internally and externally for Trulieve. The future is bright! Good luck longs and hold the line!
  • C
    CatDaddy
    Just did a read over of the earnings call transcript and couldn't be more excited for the remainder of 2021 and into 2022. Some highlights for people who haven't had a chance to check it out: company is bringing 24k Square feet of cultivation online each month in Florida, adding 35k square feet of kitchen space to support edibles demand, recently expanded cultivation to 80k square feet in Pennsylvania. Demand in Florida has exceeded supply and expectations with higher volumes of patients on boarding each week. Company is trying to build out cultivation footprint quicker to meet excessive demand that caught them off guard (good problem to have). Not only is flower demand increasing but edible demand is increasing quickly as well (hence then need for larger kitchen space). Even with the massive growth in Florida recently penetration rate is still only 2.5% which is below national average of 4% (tons of room for growth even from these levels). Company is going to be aggressively investing in capex over the remainder of the year which will pay dividends in 2022 and 2023. Margins aren't expected to be affected very much will still be around 70% gross margin and 45% EBITDA (best in industry)
  • C
    CatDaddy
    So after this week we are officially half way through Q2. Based off the OMMU reports Trul has sold 50% of the amount of THC mgs and 56% of the amount of flower that was sold in Q1. I think we are on fine footing as the flower numbers qtr over qtr are trending higher each week (most likely due to more cultivation coming online each week) and oil numbers are consistently in the high 70 million mg range each week. Again we don't have visibility into what % of mgs is edibles or oils/vape so even though numbers seem to be relatively similar to Q1 on the THC side so far, they may be higher margin edibles that are making up that number which would be good. As I recall from my calculations for Q1 2021 over Q4 2020 flower volume was literally flat and THC was about 12% or so higher in terms of volume. Its looking like (so far) that flower will show some growth relative to Q1 and hopefully we get a little more pickup in THC over the next half of the quarter to see some solid growth there as well
  • P
    Puff Daddy
    CC & I Discussing All Things Trulieve, Earnings, Expansion, Harvest Deal.

    https://twitter.com/ccinvest2/status/1393198172391067655?s=21
  • M
    MadO
    Kim did say this would be a exciting year. She doesn't say stuff like that to hype up the company, she says it because she is thinking well in advance for anything related to the future success of Trulieve. Remember when edibles hit the market? Who was the first to capitalize? Trulieve had the kitchens built and ready to go in advance while the competitors were playing catch up. This is a testament to the business practice of Trulieve and CEO Kim Rivers.
  • j
    joe
    doesn't really have anything to do with the OTC the whole market is being affected in this way it's a sector rotation it's pretty obvious the big funds know how to take advantage of new retail investors and they are rotating from sector to sector making very obvious moves. I don't see trulieve getting affected by anything if anything it's holding up incredibly well there's low volume everywhere but it's pretty clear trulieve is not being heavily shorted and most people who own are not interested in selling so we will continue to trade in no man's land in the abyss until it's time to rotate back into this sector and at that point not every stock will go up but the ones who are doing well will and that's basically how sector rotation works you drive the whole sector up you run it down short it then build positions in the companies that actually deserve it then move on and do it again. if you can learn the trends and have the time to follow and watch and pay attention you can make a lot of money following these Big boys around
  • J
    John Neo
    Two Republicans introduce marijuana legalization measure in HouseMay 13, 2021 10:10 AM ETCuraleaf Holdings, Inc. (CURLF)By: Jonathan M Block, SA News Editor29 CommentsReps. Dave Joyce (R-OH) and Don Young (R-AK), co-chairs of the Congressional Cannabis Caucus, have introduced legislation that would legalize marijuana on the federal level.The bill, the Common Sense Cannabis Reform for Veterans, Small Businesses, and Medical Professionals Act, would remove marijuana as a controlled substance; allow the Department of Veterans Affairs to prescribe #$%$ establish a federal pre-emption mandate so financial institutions in states where cannabis is not legal can do business with cannabis companies; and have the National Institutes of Health conduct two studies on marijuana in regards to pain management and impairment.Removing marijuana from the Controlled Substances Act could pave the way for federal legalization to occur.Another part of the legislation would have the FDA and the Alcohol and Tobacco Tax and Trade Bureau develop rules modeled on the alcohol industry.Last month, the SAFE Banking Act passed the House, which would allow financial institutions to do business with legal marijuana businesses.
  • P
    Peter
    I'm ready to put my entire portfolio in this if it doesn't run after that Q1 report. Forward PE is about 25-30 based on current earnings. Factor in the explosive growth in the industry and the potential leap in earnings when 280E is solved and this could be an easy 5 bagger in the next couple years.
  • J
    JohnMichael
    Tons of highly respected companies down 3-5% today and TCNNF only down .58%. Love it!! The market gets it. Once they digest this acquisition the market cap and stock price will reflect the major upside of their revenue and profit trends. Sure cannabis industry legislation is painfully slow but it continues to move in a positive direction. And the number of states legalizing just continues to grow. This is an exciting sector and a powerful investment opportunity. Keep it up Kim!!
  • N
    Norma
    my wife and I have contributed at least $2000-$2500 this quarter to the top line. :) enjoying Northern Hash Plant right now. Who else is getting high tonight?
  • J
    John
    194.4 Who thinks Trulieve beats this number?
  • S
    Stevo
    Correct me if I'm wrong, and I'm not an accountant, but when a company buys another company that is losing money, and the acquiring company shows profits, can't the acquiring company offset it's profits with the other company's losses to reduce tax liability?
  • J
    John Neo
    TRUL RESULTS ARE IN!

    Q1 2021 Highlights

    Achieved record quarterly revenues of $193.8 million, a sequential increase of 15% over Q4 2020
    Generated net income of $30.1 million
    Delivered Adjusted EBITDA of $90.8 million
    Achieved gross profit of $135.3 million and gross margin of 70%
    Delivered $60.4 million in cash flows from operations
  • C
    Chris
    Stifel Nicklaus raises Trulieve price target today to 132 dollars a share
  • M
    Mike
    Earnings tomorrow are going to be really good....But they don’t matter now. It’s all about closing this big aquisition moving forward. Short term pain for long term gain. A lot of patience will be needed here.
  • M
    Mike
    Today’s action is just the reality of being listed on the OTC where we are bound by the of retail investors. Today retail investors are chasing the major exchanges as they’ve been hit from the big 3 day sell off. Just the reality of being an an illiquid exchange controlled by retail.
  • D
    David
    ⭐ Top Bullish Charts | May 2021 💰💵📈

    https://stockreport.tips/Bullish-Charts
  • D
    David
    I was happy and surprised to hear that they are building 35K sf commercial kitchen in Tampa for edibles. They already have one with 10K sf, so this is an expansion. Edibles are the highest margin products for Trulieve and very profitable and very in demand, so this is great news !
  • C
    Charles
    Q1 numbers are in for the big wigs of the Cannabis industry and $TCNNF is still the undisputed reigning heavyweight champion of the world! Congratulations $TCNNF!

    While $CURLF ($260M) smashed both $GTBIF ($194M) & $TCNNF ($194M) in Revenues, it posted a net loss of 17M. $GTBIF and $TCNNF were both in the positive posting net incomes of $10M and 30M respectively.

    $TCNNF Adjusted EBITDA was a whopping 91M compared to $GBTIF $71M and $CURLF $63M.

    The underdog $CRLBF has yet to post Q1 numbers, so we will have to wait to see if it can contend with these three behemoths who came out swinging in 2021.