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Trulieve Cannabis Corp. (TRUL.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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26.80-1.34 (-4.76%)
As of 10:14AM EST. Market open.
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  • D
    D Retailer
    If you think PE is cheap think about normalized PE (if Trulieve were not subject to rule 280e).
    For the first 9 months of 2022 Trulieve reported 0.73 USD EPS. Tax rate applied 24.27% on gross margin vs income before taxes. applying the same rate on income before taxes, payable taxes would be $47.283M v $105.254M effectively saving $57.970M USD or boosting EPS by 64.7%. First 9 months Trulieve would have earned $1.20 USD (1.50 CAD) EPS vs $0.73 USD EPS.
    Normalized PE is below 19.
    These stats are for a business growing at 79% topline and 33% bottomline.
  • J
    Jeff
    I love how all the bashers come out of the woodwork when the price drops but scurry back into the shadows when it goes up.

    OTC manipulation based on low volume and inaction by the Senate is the ONLY REASONS this stock and Green Thumb stock drops.

    Both Companies fundementals and business is booming and sometimes they diverge from their respective stock price.

    But eventually Investors who are in it for the long term get rewarded as long as those Fundementals stay solid.

    When any Basher can give a concrete fact showing how either TCNNF or GTBIF has significantly reversed their upward business trends for multiple quarters in a row, then there may be reason to worry.

    Until then, hunker down, be patient, write your State Senators and Vote to get those who continue to Promise and do nothing out of office so it sends a clear message to others and those who follow, that WE THE PEOPLE own them, not the other way around.
  • J
    Jack
    I couldn't help myself. I bought a 100 at 22.65 yesterday. I think we're looking at a forward PE lower than the SandP forward PE. It certainly could go lower and I might buy again. Small bits at a time.
  • G
    Gordon
    I’m on the verge of selling the farm and investing every penny into this.
    Bullish
  • D
    D Retailer
    No major catalysts for Trulieve? Dead wrong.
    2022 catalysts to look out for:
    - Organic expansion
    - Acquisitions
    - Licenses to be won/bought to enter new states
    - Minor cannabinoids research (is this traditional pharma research that Trulieve is getting into?)
    - Premium products
    - Incremental $ margin QoQ (a diminishing rate of gross margin is not bad if incremental $ are increasing)
  • D
    D Retailer
    What does Trulieve need to do to reach $2B in revenues? With a run rate of $1.6B Trulieve needs to increase its sales by 25% by scaling its operations by 25%. This translates to opening/acquiring 40 stores and 875k sqft of cultivation. In FL they have a cultivation facility not online but, on standby to follow market demand of up to 1 million sqft. On an organic basis, Trulieve opens about 50 stores per year. All in all, not worried that they will reach analyst's forecasts.
    Bullish
  • D
    D Retailer
    What are interesting markets for cannabis?
    - Alcoholic beverages which is a $284B USD market
    - Pain medication $55B USD market
    - Anxiety and Depression medication $11B USD market

    The competitors are not other MSOs but, current leaders of these markets who do not want an alternative to their product to go widescale. Their options are acquisitions such as they have done with LPs (major fail) or block entry to market which has limited success.
  • M
    M3Daddy
    Meanwhile - Cowen Financial has been accumulating shares. They now own more than 7 million shares - 5.43%. https://investors.trulieve.com/static-files/ce6d2d4b-fa65-4b3a-a554-9a82d0fa2525
  • J
    Jeff
  • M
    Mike
    Unfortunately new lows after 5 months of consolidation. Not a good look with further downside ahead as projected. The MSOS ETF has kept these cannabis stocks afloat thru their purchasing, but the ETF is running low on dry powder. We should see $20 and potentially $15 should the market continue to deflate as projected. This will go lower than you think.
  • R
    Richard
    Wow! I can't believe everyones faith is in safe banking for this to move. Once that happens, then everyone gonna be saying we are waiting on full legalization. Just excuses, seriously.
    Look at the numbers, they crushing it already without legalization and safe. Invest in the books, not the politics. Safe will be a bonus when it comes, but until then....trulieve is doing awesome already. Don't overlook that. 👌
  • -
    ------
    I like this stock and have a small position in it. I am wondering though what is stopping Amazon from selling onceit becomes fully legal? Next day delivery? Even if they don't sell direct they can sell through third party sellers. What effect if any will this have?
  • B
    Berton
    great company with an awesome balance sheet. stay long and you will have retirement wealth!
  • A
    Anonymous
    Here I sit at about the 52 week low, not just Trulieve but Greenthumb and Cresco as well. Apparently earnings make no difference, strictly wainting on the safe banking act I presume. What you guys think?
  • D
    D Retailer
    Data Scoop: Analysts are projecting a revenue lowball of $395.23M for Q4. That seems rather high vs the $316M USD in Q3. Either there is a ton of growth outside Florida or Yahoo Finance converted to CAD. Expecting 4-5% revenue growth Q4 based on volume gives roughly $330M USD converted at 1.25 USDCAD we get over $410M CAD revenue which falls within range.
  • K
    Kyle
    Well at least the realistic downside is getting lower everyday lol. You got to laugh it off a little. Fundamentals still improving. We longs will make bank eventually. I can’t imagine to many weak hands left at this point.
  • N
    Norma
    just left CC location. $10 chocolate bars and $30 Papaya Cake. location was very busy for 3 in the afternoon
  • D
    David
    Just curious who is selling and why?
    Bullish
  • J
    Jesse
    Maybe i'm just inexperienced but i've never seen a company with such solid fundamentals and promising future get so beaten down like this.
  • M
    MadO
    Trulieve just announced a partnership with "connected" cannabis grower. Trulieve will start growing and distibuting their products.
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