TCNNF - Trulieve Cannabis Corp.

Other OTC - Other OTC Delayed Price. Currency in USD
10.45
+0.05 (+0.48%)
As of 2:54PM EDT. Market open.
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Previous Close10.40
Open10.20
Bid0.00 x 0
Ask0.00 x 0
Day's Range10.20 - 10.80
52 Week Range6.68 - 21.00
Volume171,033
Avg. Volume163,504
Market Cap1.147B
Beta (3Y Monthly)N/A
PE Ratio (TTM)21.82
EPS (TTM)0.48
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est23.55
Trade prices are not sourced from all markets
  • Benzinga4 hours ago

    Trulieve Elects Peter Healy To Its Board

    Trulieve Cannabis Corp. (CSE:TRUL) (OTC: TCNNF ) announced Monday it has appointed Peter T. Healy to its Board of Directors. "We are very pleased to welcome Peter," said Kim Rivers, CEO of Trulieve. ...

  • Trulieve Appoints Peter T. Healy to Board of Directors
    CNW Group7 hours ago

    Trulieve Appoints Peter T. Healy to Board of Directors

    TORONTO , July 15, 2019 /CNW/ - Trulieve Cannabis Corp. ("Trulieve" or the "Company") (TRUL.CN) (TCNNF), a leading and top-performing cannabis company in the United States , today announced the appointment of Peter T. Healy to its Board of Directors. With continuing growth of the Company in Florida and the expansion of operations into new U.S. states, the addition of Peter Healy broadens the knowledge and experience base of Trulieve's Board of Directors and further supports the execution of the Company's strategic vision. "We are very pleased to welcome Peter to the Trulieve Board," said Kim Rivers , CEO of Trulieve.

  • Trulieve Cannabis Corp. Announces Extension of Voluntary Lock-Up Agreements with Company Founders
    CNW Group4 days ago

    Trulieve Cannabis Corp. Announces Extension of Voluntary Lock-Up Agreements with Company Founders

    TALLAHASSEE, FL , July 11, 2019 /CNW/ - Trulieve Cannabis Corp. (CSE: TRUL & OTC: TCNNF) ("Trulieve" or the "Company"), a leading and top-performing cannabis company in the United States , today announced that Company founders have entered into a voluntary lock-up agreement with the Company, effective immediately, in respect of 65,253,093 subordinate voting shares of the Company (on an as-converted basis), representing 59.25% of the subordinate voting shares of the Company, assuming the conversion of all issued and outstanding multiple voting and super voting shares of the Company.

  • SLANG Worldwide and Trulieve Launch RESERVE Brand in Florida
    CNW Group7 days ago

    SLANG Worldwide and Trulieve Launch RESERVE Brand in Florida

    TORONTO , July 8, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG) (84S.F), ("SLANG"), a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 12 US states, announced that its RESERVE line of vaporizer cartridges is now on sale in the State of Florida through Trulieve Cannabis Corp. (CSE: TRUL & OTC: TCNNF) ("Trulieve"), a leading and top-performing cannabis company in the United States . RESERVE is the first SLANG product to be offered in Florida under its strategic partnership with Trulieve announced in February 2019 .

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  • 13 States Expected to Sell at Least $1 Billion in Cannabis by 2024
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  • Trulieve Opens 29th Florida Dispensary, Bringing Natural Relief to Patients in Central Florida
    CNW Group24 days ago

    Trulieve Opens 29th Florida Dispensary, Bringing Natural Relief to Patients in Central Florida

    ORLANDO, FL , June 21, 2019 /CNW/ - Trulieve Cannabis Corp. (CSE: TRUL & OTC: TCNNF) ("Trulieve" or "the company"), a leading and top-performing cannabis company in the United States , announced it is opening the doors of its 29th storefront in Florida with a new dispensary in Orlando . The store, which is their second in the area, will offer natural relief to patients throughout the Central Florida area. "We're excited to expand our reach in the Central Florida area and further ensure consistent, safe, and reliable patient access.

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  • CNW Grouplast month

    Trulieve Announces Proposed Public Offering Of Units

    TORONTO , June 10, 2019 /CNW/ - Trulieve Cannabis Corp. ("Trulieve" or the "Company") (TRUL.CN) today announced that it has filed a preliminary prospectus supplement (the "Preliminary Supplement") to its short form base shelf prospectus dated May 14, 2019 (the "Base Shelf Prospectus") relating to a proposed public offering (the "Offering") of units of the Company ("Units"). Pursuant to the Offering, Canaccord Genuity Corp. (the "Agent") will act as the exclusive agent, on a "best-efforts" basis. The Offering will be priced in the context of the market with the number of Units, issue price of the Units, number of Warrants and exercise price thereof, and total size of the Offering to be determined at the time of entering into an agency agreement for the Offering.

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  • CNW Group2 months ago

    Trulieve to Purchase Land for Indoor Cultivation Use

    TORONTO , May 30, 2019 /CNW/ - Trulieve Cannabis Corp. ("Trulieve" or the "Company") (CSE: TRUL & OTC: TCNNF) today announced that the Company has acquired 84.97 acres of land in Jefferson County, Florida which will be used to construct a 750,000 square foot, state-of-the-art indoor growing facility. Its proximity to Trulieve's production facility in Midway, Florida will allow for convenient transport for processing of the product. The new site will supply us with additional product allowing us to meet the growing demands of Florida's patients at a relatively low cost." said Kim Rivers , CEO of Trulieve.

  • Benzinga2 months ago

    Trulieve Falls Despite Another Record Quarter

    Trulieve Cannabis Corp. (CSE: TRUL)(OTC: TCNNF) stated that the first quarter of 2019 marked another milestone in record revenue. Compared to the same quarter the previous year, Trulieve's revenue grew 192 percent, totaling $44.5 million. Trulieve also touted milestones that included settling with the Florida Department of Health to increase the company's number of potential dispensaries.

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  • Benzinga2 months ago

    Cannabis Companies Take Over Toronto, Talk Importance Of California Market

    Medmen Enterprises Inc (OTC: MMNFF) has licenses for 82 stores in four states — California, Florida, Nevada and New York — Vahan Ajamian, the company's managing director of analyst relations, said in a presentation. Echoing a common theme at the Cannabis Capital Conference, Ajamian said California, where MedMen has 10 stores and is building out two more, is the ultimate prize for the cannabis industry as a retail trendsetter.

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  • ACCESSWIRE3 months ago

    With CGC In The Spotlight, This Unknown Cannabis Stock Is Quietly Quadrupling Their Capacity

    Smart cannabis industry money is seeking to establish footholds in the U.S. as evidenced by Canopy Growth Corp's $3 billion commitment to acquire US-based Acreage Holdings. The biggest hurdle remains federal legalization, but medical marijuana is still expected to be worth $8 billion by 2024, and legislation winding its way through D.C. could further ease restrictions. It makes sense to pay attention to the emerging U.S. marketplace, which is still fractured with many smaller players throughout the country.

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  • CNW Group3 months ago

    Trulieve Opens 27th Florida Dispensary, Offering Relief to Patients in Southwest Florida

    BONITA SPRINGS, FL , April 16, 2019 /CNW/ - Trulieve Cannabis (OTC: TCNNF & CNSX: TRUL) ("Trulieve" or "the company"), a leading and top-performing cannabis company in the United States , is opening the doors of its 27th storefront in Florida on Tuesday with a new dispensary in Bonita Springs . Presently, Trulieve operates 26 other dispensaries throughout the state of Florida , including several throughout the South Florida region.

  • ACCESSWIRE3 months ago

    Small Cap Pot Stocks Can Bring Investors High Profits-THC Therapeutics, Inc.

    HENDERSON, NV / ACCESSWIRE / April 15, 2019 / No industry is growing faster than the global cannabis market. One small-cap stock in the space beginning to gain investor favor is THC Therapeutics, Inc. ...

  • Benzinga3 months ago

    What You Need To Know Ahead Of The 2019 Cannabis Capital Conference In Toronto

    Benzinga is all geared up to host its third rendition of the Cannabis Capital Conference , full of big-time investors, top industry executives and reporters from around the world. If you haven’t already ...

  • This Cannabis Stock Is a Compelling Investment Story
    SmarterAnalyst3 months ago

    This Cannabis Stock Is a Compelling Investment Story

    Anybody frustrated with the valuation of the Canadian cannabis players can find dozens of developing U.S. cannabis companies such as Trulieve Cannabis (TCNNF) (TRUL.CN) with more reasonable valuations. The Florida dispensary operator even offers a more simple investment thesis that should have real appeal to investors.Real ProfitsAs an American company, Trulieve offers the benefit to U.S. investors of reporting financials in U.S. dollars. Investors don’t have to worry about converting results from Canadian dollars to get the full view of the company.The added benefit is that a company like Trulieve generates more normalized results having already somewhat exited the wild investment phase. The lack of irrational global expansion helps keep costs low for the domestic players where entering new states don’t have the same costs of going global.For Q4, the company reported that revenues surged 172% from last Q4 to $35.9 million. Revenues were up $7.6 million sequentially from $28.3 million in Q3.The more impressive side is the ability to generate $15.2 million in adjusted EBITDA and $10.4 million in operating income. Again, Trulieve has reasonable operating expenses that are only 29% of revenues.The company operates 26 of the 108 dispensaries in the state of Florida with the ability to further expand in the sunshine state. The good news is that the growth story doesn’t end here.Same Expansion OpportunityThe purchase of Life Essence in Massachusetts and Leef Industries in California sets Trulieve up to become a multi-state operator or MSO. The term is likely to become synonymous with the more attractive cannabis operators having the scale and market opportunity that exceeds Canadian players that are still mostly tied to limited Canadian sales.Along with growth in Florida, these acquisitions are leading to some impressive financial targets for 2019 as follows: * Revenues to grow 108% to ~$214 million. * Gross profit of ~$145 million, or 68% of revenues. * Adjusted EBITDA of ~$92 million, or 43% of revenues.The numbers are indeed impressive coming from a company without a lot of market attention. The OTC ticker “TCNNF” only trades about 200,000 shares on a daily basis so investors aren’t very familiar with the name as of yet.The market valuation isn’t exactly cheap at $1.66 billion or a P/S multiple of 7.8x. Though, the stock does offer a rare cannabis investment that trades at a reasonable 18.0x adjusted EBITDA targets while revenues are doubling.The biggest question will be the ability of Trulieve to reach those lofty EBITDA margins of 43% in a highly competitive market. A push to eliminate dispensary caps in Florida could have a meaningful impact on profit margins in the future.TakeawayThe key investor takeaway is that Trulieve Cannabis trades at a reasonable valuation compared to internal company expectations for 2019. The stock should start garnering more investor attention as the year progresses and the company becomes a full-fledged MSO.Eventually, the American companies are likely to gain access to major stock exchange listings providing additional catalysts for the stocks. Along with the expansion opportunities of MSOs that will likely include new state opportunities as additional states approve the legalization of cannabis, the stocks like Trulieve offer the best way to play the cannabis craze.To read more on the nitty gritty of what’s going on in the rising cannabis industry, click here. Disclosure: The author has no position in Trulieve Cannabis stock. More recent articles from Smarter Analyst: * Aurora Cannabis Lost Money in Q3 -- And That's Okay? * Gene Munster: Key Takeaways From Nvidia (NVDA) Earnings * Trade War? Top Analyst Says Alibaba (BABA) Stock Still a Buy * The Green Organic Dutchman (TGODF) Stock -- Not Sinking Exactly, But Not Sailing Anywhere Fast

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    Watch These Four Marijuana Stocks Set The Pace on Thursday

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  • ACCESSWIRE3 months ago

    Energy is Cannabis Production's Biggest Cost

    HENDERSON, NV / ACCESSWIRE / April 4, 2019 / ''Up to 40 percent of cannabis grow operational costs come from energy-related expenditures,'' explains John Morris, who heads up the Portland-based Resource Innovation Institute, a trade group working to reduce the carbon footprint of the cannabis industry. This makes clean energy and energy efficiency efforts a no-brainer. A company we found with an ideal solution is CleanSpark, Inc. (CLSK).