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Trulieve Cannabis Corporation (QX)

Trulieve Cannabis Corporation (QX) (TCNNF)

12.48
0.13
(1.05%)
Closed October 18 4:00PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
12.48
Bid
12.41
Ask
12.50
Volume
231,342
12.26 Day's Range 12.50
3.79 52 Week Range 14.50
Market Cap
Previous Close
12.35
Open
12.335
Last Trade
1
@
12.5
Last Trade Time
Financial Volume
$ 2,875,255
VWAP
12.4286
Average Volume (3m)
308,739
Shares Outstanding
187,324,658
Dividend Yield
-
PE Ratio
-4.44
Earnings Per Share (EPS)
-2.81
Revenue
1.14B
Net Profit
-526.8M

About Trulieve Cannabis Corporation (QX)

Trulieve primarily is a vertically integrated "seed-to-sale" company and is the first and largest fully licensed medial cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve-branded stores (dispensaries) thr... Trulieve primarily is a vertically integrated "seed-to-sale" company and is the first and largest fully licensed medial cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve-branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery. Trulieve is also licensed and operates in Arizona, California, Colorado, Connecticut, Maryland, Massachusetts, Pennsylvania and West Virginia. Trulieve has received a Class 1 Production license in Georgia and a Notice of Award of Provisional Dispensary License for District Southeast-3 in Columbus, Ohio. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL and on the OTC Markets under the symbol TCNNF. Show more

Sector
Pharmaceutical Preparations
Industry
Miscellaneous Metal Ores,nec
Headquarters
Vancouver, British Columbia, Can
Founded
2018
Trulieve Cannabis Corporation (QX) is listed in the Pharmaceutical Preparations sector of the OTCMarkets with ticker TCNNF. The last closing price for Trulieve Cannabis (QX) was $12.35. Over the last year, Trulieve Cannabis (QX) shares have traded in a share price range of $ 3.79 to $ 14.50.

Trulieve Cannabis (QX) currently has 187,324,658 shares outstanding. The market capitalization of Trulieve Cannabis (QX) is $2.31 billion. Trulieve Cannabis (QX) has a price to earnings ratio (PE ratio) of -4.44.

TCNNF Latest News

Is this Penny Stock About To Break Through?

Penny stocks are typically defined as those trading below $5 per share. This cannabis company has broken through the threshold before and might be on its way again. Trulieve Cannabis Corp.

The Cannabis Market - Where Only the Strong Will Survive

December 6, 2021 -- InvestorsHub NewsWire -- NetworkNewsWire Editorial Coverage: Even as the cannabis market continues expanding, pricing for wholesale cannabis has been under protracted...

A Lesson in Cannabis: Second Mover Can Be Better Position

NetworkNewsWire Editorial Coverage: Even though medical marijuana had been legal in some U.S. states for more than a decade, the substance didn’t gain much recognition until Colorado set the...

Why They Invested In Cannabis (JUSHF, TCNNF, etc.) - with Stone Oak Capital

Tallahassee, FL -- March 18th, 2021 -- InvestorsHub NewsWire -- via Investors Hub - Market Vision   Watch the video on YouTube: https://youtu.be/vE8HW7EDK3Y   Billy...

The MJBizCon Canna Buzz for Cannabis Stocks

Exhibitor SinglePoint Inc.  to Showcase Smokable Hemp - one of the fastest growing segments in the industry Point Roberts WA, Delta, BC -- December 5, 2019 -- InvestorsHub NewsWire...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.685.7627118644111.812.511.621311812.05923778CS
41.2110.736468500411.2712.510.9627000811.88018373CS
122.5826.06060606069.912.58.0430873910.42900774CS
260.7556.4392324093811.72514.58.0440007510.719646CS
527.47149.1017964075.0114.53.794464659.44109563CS
156-14.08-53.012048192826.5634.753.4239718611.47680303CS
2602.088520.098157147710.391553.733.4237875317.03995615CS

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TCNNF Discussion

View Posts
weedisgreen weedisgreen 4 hours ago
I believe we are extremely bullish on tbe chart too! Any chart guru welcome to comment!
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HoldHigh HoldHigh 6 hours ago
https://investors.trulieve.com/2024-10-18-Trulieve-to-Open-Medical-Cannabis-Dispensary-in-Orlando,-Florida
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HoldHigh HoldHigh 6 hours ago
https://investors.trulieve.com/2024-10-18-Trulieve-to-Open-Medical-Cannabis-Dispensary-in-Orlando,-Florida
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HoldHigh HoldHigh 21 hours ago
A positive impetus for much higher prices. What we do know is that Internal Revenue 280E will no longer prevent marijuana businesses from taking deductions. This is because the text of 280E is limited to the trafficking of Schedule I and Schedule II substances and does not extend to Schedule III substances

Along with approval of rec in FL we are headed higher during the 1st quarter.
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weedisgreen weedisgreen 1 day ago
We have rescheduling in December, and I keep hearing safe in the lame duck (isn't that about over if not already?). So if we get yes on 3 too, definitely.
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weedisgreen weedisgreen 1 day ago
Yeah, assuming yes on 3 happens we investors are in a primed position
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Seminole Red Seminole Red 1 day ago
look at it like buying Starbucks when it was 2 dollars back then, I remember......this could have that potential , maybe not that scale but surly more than 12.
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HoldHigh HoldHigh 1 day ago
Ohio Recreational Marijuana Sales Top $76 Million Within First Two Months Of Market Launch. Things are coming together for a much higher price. I'm looking at $50 a share by the end of the first quarter of 2025.
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HoldHigh HoldHigh 1 day ago
https://www.marijuanamoment.net/florida-marijuana-campaign-calls-on-voters-to-join-trump-in-supporting-legalization-ballot-initiative-with-new-ad/
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Seminole Red Seminole Red 1 day ago
Trulieve stores

Arizona (21)
California (1)
Connecticut (2)
Florida (158)
Georgia (5)
Maryland (3)
Ohio (3)
Pennsylvania (21)
West Virginia (10)
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weedisgreen weedisgreen 2 days ago
Per below..probably trying to take back the topic as trump took the lead since July. Maybe the topic comes to be a common discussion over the next month. What I'm really getting at is, no matter who wins, they are both in favor for medical and recreational which is great news for investors. It also proves the point that whoever wins, the dea and attorney general will slow them down even though they work under them for the most part. It's going to happen as it's just a matter of when. Vote yes on 3 when that most likely gets voted and approved in Florida will be what I believe as breaking down a large wall for recreational to just get legalized federally by the power of the people.

https://www.marijuanamoment.net/kamala-harris-blames-marijuana-rescheduling-delay-on-dea-bureaucracy-while-defending-her-own-prosecutorial-record/
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weedisgreen weedisgreen 2 days ago
They said their margin was probably not going to be as high as last time being exceptionally good that earnings, I believe this will be the first earnings since Ohio went recreational, which my understanding has been one of the best rollouts. We also have more dispensaries come online. Overall I'm expecting even better numbers than last time. Not sure what the people doing this for a living will say, but I'm sure they are bullish as well
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Seminole Red Seminole Red 3 days ago
our second one opens this coming weekend
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HoldHigh HoldHigh 3 days ago
New dispensaries opening. https://investors.trulieve.com/2024-10-15-Trulieve-to-Open-Florida-Medical-Cannabis-Dispensaries-in-Bonita-Springs-and-St-Augustine
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HoldHigh HoldHigh 4 days ago
Earnings report coming.
https://investors.trulieve.com/2024-10-14-Trulieve-Cannabis-Corp-to-Hold-Third-Quarter-2024-Results-Conference-Call-on-November-5,-2024
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HoldHigh HoldHigh 4 days ago
Harris made the comment in her plans to legalize MJ nationally not just in FL. We are on the brink of a major upside.
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weedisgreen weedisgreen 5 days ago
Just another tick in our direction!

https://themarijuanaherald.com/2024/10/us-house-bill-to-deschedule-marijuana-nationwide-and-allow-expungements-gains-96th-sponsor/
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HoldHigh HoldHigh 6 days ago
I read somewhere that 80 stores were closed during the hurricane, but I'm sure they will be open ASAP. I would guess only those in the area without power would be affected.
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HoldHigh HoldHigh 6 days ago
No, luckily he doesn't. They are approved by the FL OMMU.
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GE_Jim GE_Jim 6 days ago
Thanks!
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Seminole Red Seminole Red 6 days ago
all the stores are closed where im at but they should be open tomorrow
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GE_Jim GE_Jim 6 days ago
Anybody have a handle on what effect Milton is going to have on this stock?
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weedisgreen weedisgreen 7 days ago
Does DeSantis have to approve each of these? Seems like I read that somewhere at some point.
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HoldHigh HoldHigh 7 days ago
Two new dispensaries approved in FL. Bonita Springs & Hallandale Beach.
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Suprfreek Suprfreek 1 week ago
Yes, the competition does.
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weedisgreen weedisgreen 1 week ago
Yeah, it's a matter of when it's going to happen. Show.me tbe $ over the next 2 months!
https://www.benzinga.com/markets/cannabis/24/10/41233018/exclusive-ross-gerber-sees-tsunami-of-money-pouring-into-cannabis-companies-upon-federal-legaliz
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weedisgreen weedisgreen 1 week ago
It's florida corrupt gop. Remember trump is for amendment 3 and rescheduling, so the head of the GOP is for all tbis. Just correcting the generalization is all.
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Seminole Red Seminole Red 1 week ago
if Trulieve is successful enough to open the stores with just Medical pot in Fl. then I think they keep going whether its approved for recreational use or not...
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Bazwar6 Bazwar6 1 week ago
What if they three doesn't get the votes that are needed?
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Bazwar6 Bazwar6 1 week ago
Does anyone else think that they are opening up too many dispensaries in the State of Florida? What are they say no to three?
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HoldHigh HoldHigh 2 weeks ago
Another attempt by GOP to discredit legalization, backfiring. Told you they were making up stuff. https://www.marijuanamoment.net/company-behind-floridas-marijuana-legalization-ballot-measure-sues-state-republican-party-over-false-and-misleading-claims-to-voters/

There is so much false information being put out there, not just on MJ Amendment 3.
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HoldHigh HoldHigh 2 weeks ago
Desantis’ people are using state resources. https://www.wuwf.org/florida-news/2024-10-02/pot-firm-sues-gop-in-amendment-fight
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Bazwar6 Bazwar6 2 weeks ago
Kamala Harris mentions cannabis actually weed

https://www.marijuanamoment.net/kamala-harris-says-we-need-to-legalize-marijuana-for-first-time-as-democratic-presidential-nominee/
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weedisgreen weedisgreen 2 weeks ago
Still looking bullish and Kamala also added some good comments yesterday about this industry.
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Seminole Red Seminole Red 3 weeks ago
Thats from all the new stores they are opening up, its unbelievable to me how much money they are spending its almost like a McDonalds here in Florida, they are everywhere and opening others every month.....good growth wait till the new law passes, our new store has a drive through window here in St Augustine.
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weedisgreen weedisgreen 3 weeks ago
Another strong day! Imo we keep going up overall for months to come.
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weedisgreen weedisgreen 3 weeks ago
Keep hearing more and more chatter. This would be huge if it did get brought to the floor during the lame duck. Probably won't happen but would be huge if it did
S. 2860, SAFER Banking Act

As reported by the Senate Committee on Banking, Housing, and Urban Affairs on September 28, 2023

https://www.cbo.gov/publication/60785
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Suprfreek Suprfreek 3 weeks ago
No, no jurisdiction announces results until polls are closed. A County can tell how many votes have been placed early and they can probably determine which precincts or from which party (R,D,NPA) votes have been cast, but they do not publish vote tabulations until polling has closed which is typically 7 pm on Election Day.
Networks and news services will begin projecting winners based on the percentage of votes counted and where those votes came from. Counties don’t project winners - they certify elections after all votes have been counted.
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weedisgreen weedisgreen 3 weeks ago
I'm not sure how florida handles their system. Will they have early voting and have things posted throughout the day or even earlier than election day?
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Suprfreek Suprfreek 3 weeks ago
It’ll probably be called earlier than midnight. The news services use statistics related to the trends in metro areas where they know the demographics and voter registration data. They all want to be the first to call a race.
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HoldHigh HoldHigh 3 weeks ago
I don’t any longer pay attention to what DT says. You are correct Desantis is floating lies about Amend 3. Amend 3 will pass and we’ll know by midnight Election Day.
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HoldHigh HoldHigh 3 weeks ago
I don’t any longer pay attention to what DT says. You are correct Desantis is floating lies about Amend 3. Amend 3 will pass and we’ll know by midnight Election Day.
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Gee4030 Gee4030 3 weeks ago
It DeSantis who is saying that…..Trump deranged syndrome is real…..get over it…Remember Trump is voting yes on Amendment 3…..I will repeat…..he is voting Yes on amendment 3…
By the way once Schwazze gets back to trading I will start a small position….
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HoldHigh HoldHigh 3 weeks ago
We should know pretty quickly after the election polls close whether amend 3 passes in fl. I just returned from traveling around a state that has medical and rec. the state did not smell like MJ (like little trump) is trying to say will happen in FL.
👍️ 2
Suprfreek Suprfreek 3 weeks ago
Gotta respond again, so if I can walk into one of hundreds of smoke shops or log onto hundreds of online vendors and legally buy the same stuff as Trulieve sells, that’s not a big deal? No Amendment 3, no Rescheduling, and it’s not important? They can take my credit card. No 280e issues! No doctors visits, no license required. Really? Do you even smoke weed?
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weedisgreen weedisgreen 4 weeks ago
https://www.orlandoweekly.com/cannabis/committee-aiming-to-legalize-recreational-marijuana-in-florida-raises-over-100-million-37849966
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weedisgreen weedisgreen 4 weeks ago
Nice. "Thechartguy" said we have a confirmed bull flag. He has been pretty good calling things since I saw him a few months ago. Up and up we should go if he is right! I believe!
👍️ 2
HoldHigh HoldHigh 4 weeks ago
TALLAHASSEE, Fla., Sept. 23, 2024 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., announced the opening of a new medical cannabis dispensary in Hudson, Florida.
👍️0
weedisgreen weedisgreen 4 weeks ago
To expose the double standards in Governor Ron DeSantis's stance on the hemp industry versus his opposition to recreational marijuana, here are some key points and contradictions:

## Veto of Hemp Regulation Bill (SB 1698)
- DeSantis vetoed SB 1698, which would have regulated and limited the sale of hemp-derived products containing delta-8 and delta-9 THC. He argued that the bill would impose "debilitating regulatory burdens on small businesses" and fail to achieve its purposes.
- **Contradiction:** While DeSantis advocates for "sensible, non-arbitrary regulation" of hemp products to protect public health and safety, he simultaneously opposes similar regulatory frameworks for recreational marijuana, claiming it would lead to widespread negative impacts.

## Support for Hemp Industry Interests
- DeSantis's veto was seen as a lifeline to the hemp industry, which had warned that the bill would decimate their businesses and cost Florida thousands of jobs and millions in revenue. The hemp industry has pledged significant financial support to DeSantis's campaign against the recreational marijuana amendment.
- **Contradiction:** DeSantis is willing to protect the hemp industry from stringent regulations, allowing them to continue selling products with psychoactive effects, but he opposes recreational marijuana legalization, citing concerns about public health and safety.

## Regulatory Double Standard
- DeSantis suggests that the hemp industry should be regulated to ensure purity, potency, and safety, with guidelines for labeling, packaging, and advertising that prevents appeal to minors. However, he does not apply the same logic to recreational marijuana, instead advocating for its outright rejection.
- **Contradiction:** The governor's call for balanced regulation of hemp products contrasts sharply with his opposition to regulating recreational marijuana, which could also be subject to similar safety and labeling standards.

## Public Health and Safety Concerns
- DeSantis argues that the lack of regulation in the hemp industry could lead to products containing dangerously high levels of THC or other harmful substances, posing risks to young people. Yet, he allows the hemp industry to operate without these regulations while opposing recreational marijuana on public health grounds.
- **Contradiction:** By permitting the hemp industry to continue selling unregulated products, DeSantis is exposing the public, including minors, to potential health risks, which he claims to be concerned about in the context of recreational marijuana.

## Financial Influence and Lobbying
- The Florida Healthy Alternatives Association, a hemp trade group, has paid significant amounts to lobbyists, including those closely tied to the Republican Party of Florida. This financial backing is linked to DeSantis's opposition campaign against the recreational marijuana amendment.
- **Contradiction:** The financial influence of the hemp industry on DeSantis's decisions highlights a double standard where he is willing to accommodate the interests of one industry (hemp) while actively opposing another (recreational marijuana) based on similar concerns.

## Public Statements and Rationale
- DeSantis has expressed concerns about the smell of marijuana and its potential prevalence in public spaces if recreational marijuana is legalized. However, he does not apply the same concern to the widespread availability of hemp products, which also contain psychoactive cannabinoids.
- **Contradiction:** The governor's public statements against recreational marijuana due to concerns about public order and quality of life do not align with his actions in protecting the hemp industry, which also sells products with similar effects.

In summary, Governor DeSantis's actions and statements reveal a clear double standard:
- He supports and protects the hemp industry from regulation, allowing it to operate with minimal oversight despite potential public health risks.
- He opposes recreational marijuana legalization, citing concerns about public health, safety, and quality of life, despite the possibility of implementing similar regulatory measures to mitigate these risks.

This inconsistency suggests that DeSantis's opposition to recreational marijuana is influenced by the financial and lobbying power of the hemp industry, rather than a consistent commitment to public health and safety.
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weedisgreen weedisgreen 4 weeks ago
To expose the connections and motivations behind Governor Ron DeSantis's actions regarding the hemp and marijuana industries in Florida, here are the key details and facts:

## Veto of the Hemp Regulation Bill (SB 1698)
- Governor DeSantis vetoed Senate Bill 1698, which aimed to restrict the sale of hemp-derived products containing delta-8 and delta-9 THC. This veto was crucial for the hemp industry, as the bill would have imposed stringent regulations that could have severely impacted their operations.

## Financial Support from Hemp Industry
- Following the veto, hemp executives pledged $5 million to the Republican Party of Florida to support DeSantis's campaign against the recreational marijuana legalization initiative (Amendment 3). This financial commitment was discussed in a WhatsApp group named "Save Florida Hemp," which includes over a thousand members from the hemp industry.

## Industry Influence and Lobbying
- Key lobbyists from the hemp industry, such as Evan Power and Bill Helmich, who are also leaders of the Republican Party of Florida, played a significant role in advocating for the veto of SB 1698. Power is the chairman of the Republican Party of Florida, and Helmich is the party's interim executive director. Their involvement underscores the deep ties between the hemp industry and the Republican Party.

## DeSantis's Acknowledgment of Industry Support
- DeSantis seemed to tacitly acknowledge that part of his reason for vetoing the hemp ban bill was to gain the support of the hemp industry in his opposition to the marijuana legalization ballot initiative. He mentioned that the marijuana industry's support for the hemp bill factored into his decision, indicating a strategic alignment with the hemp industry.

## Regulatory Favoritism
- By vetoing SB 1698, DeSantis preserved the hemp industry's ability to sell products containing delta-8 and delta-9 THC, which are marketed for their euphoric effects similar to marijuana. This move was seen as a victory for the hemp industry, which had warned that the bill would effectively shutter their businesses and cost the state thousands of jobs and millions in revenue.

## Public Statements and Rationale
- DeSantis justified his veto by stating that the bill would impose "debilitating regulatory burdens on small businesses" and fail to achieve its safety objectives. He suggested that the Legislature reconsider the measure in the next session and work with stakeholders to create a more balanced regulatory framework for hemp and hemp-derived products.

## Opposition to Recreational Marijuana
- DeSantis has been vocal in his opposition to Amendment 3, which seeks to legalize recreational marijuana in Florida. The hemp industry's financial support is aimed at helping DeSantis's campaign against this amendment, reflecting their vested interest in safeguarding their market against potential disruptions from legalized recreational marijuana.

## Names and Roles
- **Ernie Ciaccio**: A hemp industry representative who emphasized the importance of their financial backing to support DeSantis's stance against the recreational marijuana amendment, framing it as a demonstration of solidarity rather than a quid pro quo.
- **Evan Power**: Chairman of the Republican Party of Florida and a key lobbyist for the hemp industry. His role highlights the close relationship between the hemp industry and the Republican Party.
- **Bill Helmich**: Interim executive director of the Republican Party of Florida and another key lobbyist for the hemp industry. His involvement further illustrates the industry's influence within the party.
- **Jonathan Solomon**: Founder of a company involved in the hemp industry, who spoke against SB 1698 and advocated for regulating hemp products similarly to medical marijuana products.

In summary, the evidence suggests that Governor DeSantis's veto of SB 1698 and his subsequent actions were significantly influenced by the hemp industry's interests. The financial support pledged by the hemp industry to the Republican Party of Florida, the involvement of key lobbyists, and DeSantis's public statements all indicate a strategic alliance aimed at opposing the recreational marijuana legalization initiative while protecting the hemp industry's interests.
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