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I love that website. Thank you for the reminder. But yeah, I thought maybe there was something new out in the last day or so. Guess I’ll just keep on the lookout. :)
That is awesome. Do you have a link where Kim says this?
The new OMMU report is a amazing. Congrats longs!
Now that the PurePenn/Solevo deal is done, should we expect to see those revenues in the Q4 financials?
Yes. The numbers have been corrected. Largest ever flower sales week. :D
The last report relevant to Q3 earnings. I am estimating $137M in revenue for Q3.
If what you are saying is true, then why do people buy cookies from a grocery store?
Oh I know, bc most people don’t want to make everything themselves.
Hell yes!!!
Can anyone help me with this question? Where does one go to buy these warrants?
What trading platform are people using to get access to the Trulieve warrants?
Just picked up more. I’m sure it will go lower but it’s impossible to catch the bottom.
I certainly think the price will go higher from here but it really all about your risk tolerance and how long you want to hold.
10000 shares is an incredible stock pile. Congrats sir.
Consolidation. It ran pretty hard and fast last week. The share price needs a breather.
They crushed it, again.
The juice is loose.
Kim’s CNBC Fast Money interview.
https://www.cnbc.com/video/2020/08/12/dispensary-trulieve-soars-after-earnings.html
CFO just did that the fully diluted EPS was .20.
Trulieve Opens New Tampa Dispensary
8/12/20, 8:00 AM
The company's newest location broadens access to the state's widest-ranging medical cannabis inventory to patients
TAMPA, Fla., Aug. 12, 2020 /PRNewswire/ - Trulieve Cannabis Corp. (CSE: TRUL) & (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company based in the United States, announced today the opening of its latest storefront. The new location will be home to the Company's 57th dispensary nationwide and 55th in its home state of Florida.
"We are excited to broaden the Trulieve brand in such a supportive community. The Tampa store allows us to continue to bring direct access to patients in the Tampa market," said Trulieve CEO Kim Rivers. "We have remained committed to our patients and our mission to expand and ensure safe, reliable patient access statewide. To protect the wellbeing of patients and our employees, we continue to offer in-store pick-up options and direct home delivery statewide."
To commemorate the brand-new dispensary, all patients — from those new to Trulieve to our strong Truliever community — will be eligible for a 25% in-store discount at the Tampa location on opening day. In line with policies that have been adopted statewide, all visitors will be required to wear masks inside the dispensary. At this time, only patients and their state-approved caregivers will be allowed inside the waiting room and dispensary.
ANNOUNCING: Trulieve Tampa Opening
WHERE: 2916 East Busch Boulevard, Tampa, Florida 33612
WHEN: Thursday, August 13, 2020, at 9:00 AM
Updated Financial Guidance
Given Trulieve's strong financial performance in the first half of 2020, the Company expects full year 2020 financial results to materially exceed previously issued revenue and adjusted EBITDA guidance ranges, driven principally by continued market share gains and operating leverage. The Company is raising its guidance as follows:
In millions
Previous Guidance
Updated Guidance
Revenue
$380.0 - $400.0
$465.0 - $485.0
Adjusted EBITDA
$140.0 - $160.0
$205.0 - $225.0
Trulieve Reports Strong Consecutive Growth and Raises Guidance
8/12/20, 6:30 AM
Solid operational results from achieving scale of cultivation and store footprint, provides industry leading free cash flow this quarter
TALLAHASSEE, Fla., Aug. 12, 2020 /PRNewswire/ - Trulieve Cannabis Corp. ("Trulieve" or the "Company") (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, today announced its second quarter of 2020 ended June 30, 2020. Unless otherwise stated, all currency is expressed in U.S. dollars.
Second Quarter 2020 Financial & Operational Highlights
Achieved record revenue of $120.8 million, an increase of 26% on a sequential quarter-to-quarter basis
Adjusted EBITDA1,2,3 was $60.5 million, or 50% of revenue, representing the 10th quarter of consecutive growth and profitability
Achieved free cash flow of $39.6 million
Sustained strong cash position with cash and cash equivalents of $150.3 million at June 30, 2020
Achieved GAAP adjusted margin4 of 75%
Announcement of transitioning to a U.S. domestic issuer subject to SEC reporting requirements as of January 2021
Opened five new stores in Florida, ending the second quarter with 52 stores nationwide
Continued to implement best-in-class, industry leading health and safety protocols in response to COVID
Recent Highlights & Developments
Company provides updated 2020 financial guidance
"Once again our financial results reflect our exceptional ability to grow our business quarter over quarter, through continued organic expansion of our retail footprint, while maintaining industry leading profitability. We are pleased to be able to demonstrate strong financial performance in revenue, adjusted EBITDA and free cash flow while pivoting our business to meet the changing behaviors and needs due to COVID," stated Kim Rivers, Trulieve CEO. "Looking ahead, we are excited about the second half of the year and will continue focusing on execution and expansion. We anticipate exceeding our goal of 68 stores and will continue our strong growth in Florida. Massachusetts is getting closer to completion and we are excited to enter that market in 2021. And, we believe the M&A pipeline and application processes underway will present new opportunities for expansion. Lastly, we are moving quickly down the path toward registering with the SEC and SOX compliances. This is a great start on our next level of strategic growth."
Trulieve Launches National Expungement Week Initiative
8/11/20, 5:53 PM
Leading national cannabis company to host free clinics to help remove, seal, or reclassify eligible convictions from criminal records
TALLAHASSEE, Fla., Aug. 11, 2020 /PRNewswire/ - Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States, and the largest cannabis company in Florida, announced today that it will be hosting expungement clinics as part of National Expungement Week, September 19th – 26th, 2020.
Over the course of the week, Trulieve will host four expungement clinics in Florida:
September 19th – Pinellas/Hillsborough/ virtual (Tampa, Clearwater, St. Pete)
September 21st – Broward/Miami Dade/ virtual county area (West Palm, Miami)
September 23rd – Pinellas/ Hillsborough County area (Tampa, Clearwater, St. Pete)
September 25th – Orange County area (Orlando and surrounding cities)
Trulieve has committed to sponsor the expungement or sealing of records for 125 individuals in the markets listed above, and an additional 25 in Massachusetts during a clinic scheduled for September 25th. Michael Minardi, Senior Partner at Minardi Law, will be the attorney on site at the Florida clinics. To learn more about cannabis laws, expungement and who qualifies watch our latest TruTalk with Mr. Minardi of Minardi Law here.
Applications to be sponsored are now open. To apply to be sponsored at Trulieve's National Expungement Week clinics, please fill out the full application found here before Tuesday, August 18, 2020.
Individuals with criminal records often experience collateral consequences that impact their lives for years after sentences have been served. Such collateral consequences include reduced access to housing, employment, education, and public assistance, as well as the inability to vote. For many, a conviction for even a low-level, non-violent drug offense can be detrimental to livelihood and opportunity. Even as the United States moves away from criminalization of cannabis, millions are still serving time and facing lifelong adversity while the legal cannabis industry grows. As a leader in the industry, Trulieve is determined to provide resources that empower and promote opportunity for those impacted by a system of enforcement that has disproportionately affected low-income and communities of color.
"Our mission as a company is to improve people's lives. But we won't limit that mission to the products we sell," said Kim Rivers, CEO of Trulieve. "While there are direct ties between cannabis and criminal justice, National Expungement Week is not a cannabis-specific initiative. We urge other sectors to engage in similar conversations and actions to create a more fair and equitable society for those who have been disenfranchised."
Additionally, Trulieve will have a voter registration booth at all clinics to give attendees the opportunity to register in time to participate in this November's election.
To check the status of a pertaining state's record to find out what may be eligible for relief, search the Collateral Consequences Resource Center.
Tim Seymour just said Kim Rivers will be on CNBC Fast Money later this week.
21+ Blue sky breakout. Here we gooooo
Just look at the fundamentals of this company and its potential upcoming market events. This stock isn’t a crappy OTC stock and shouldn’t be treated like one.
The juice is loose
Right on. I was just saying that bc of their scale it’s easy to see Trulieve providing the infrastructure for MJ sales across FL in the future. But hey, whatever model works best is what I’m for.
Easy to see Trulieve becoming a wholesale seller once FL doesn’t require vertical integration.
This website places the fair market value of TRUL at CA$109.
https://simplywall.st/stocks/ca/pharmaceuticals-biotech/cse-trul/trulieve-cannabis-shares?blueprint=1297220&utm_medium=finance_user&utm_campaign=conclusion&utm_source=post#valuation
The juice is loose.
$130 million in revenue for Q2
My estimate is $130 for Q2.
OMMU Update: https://s27415.pcdn.co/wp-content/uploads/ommu_updates/2020/073120-OMMU-Update.pdf
Biggest week ever in medicinal THC and over 50% market sales in THC and flower.
Hopefully people are starting to realize that Trulieve is one of the only MJ stocks that actually generates a positive profit and profit growth Q/Q.
Totally agreed. I don’t expect much of an effect at all which is why I got all my shares strapped in and ready for launch.
Hmm, the share unlock doesn’t seem to be having too much of an effect.