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I still do not understand what benefit these "partnership/licensing" deals bring. Trulieve has a better reputation than any of these brands they are bringing in, they offer no new techniques or technologies. Openvape is old news in Colorado where they started, they have been sur[passed by several other brands. Loves oven is nothing special, neither is Binske!
You are absolutely correct to be concerned! That large of an increase in the float is sure to bring down the price IMO. The large inside holders and initial investors would be foolish not to cash some of their shares in at this point and I think the larger float will drive price down until more people find out about this stock. IDK how I feel about Kim and her husband but if she does resign, she is sure to sell some shares....
LOl I bought lower than todays price initially and am averaged in at just under $10........
Hell Yeah there is going to be selling!! Anyone who thinks there isn't is an idiot! I am bummed I didn't get out a while ago when I was up 80% but I think I will be fine longterm. Short term this baby is going down without a doubt!! It would be irresponsible of the founders/original investors to not cash some out and diversify, these people aren't idiots, they will sell, not all of their holdings but quite a bit.
Trulieve will deliver to any patient anywhere in the state!
Connecticut! Good market to get into imo.
Does next lockup end July 25th?
So I expect at least a year before they get a harvest out of this. Hopefully I am wrong, but build out, inspections and first crop take time...
Which 3 states are next? I wonder which 3 states they will go into next? I think Missouri, Nevada and possibly Colorado, if Colorado starts allowing public money as rumored by end of 2019.
I think the market will be more interested in the 1st qtr earnings and guidance rather than 2018. Earnings will come in line with projections, I don't expect surprises. I think the market will be much more interested to see if TRUL can continue the massive growth. Trulieve needs to continue and even speed up their expansion in Florida as well as make some significant progress in Massachusetts to really take off IMO
Banking isn't a problem for trulieve or most of the industry. The real problem is section 280E of the IRS code which prevents the whole industry from making deductions for normal expenses.
Trulieve stores are selling flower as we speak!! $33,$43,$53 an eighth!!
No, but it was his son who resigned and was replaced by the formee finish line employee.
Clearwater was a relocation and upgrade from old Clearwater store. Miami Gardens and Melbourne should open by the end of the month
My experience is this: I bought in early $100,000 usd averaged at about $8usd. Then I chased it with another 50k. I should have sold at an 80% gain on original investment and bought back in at $7usd, but in hindsight we are all billionaires! I am now averaged in just under $10 per share usd and am happy being up 40%. My plan is to take out my original investment(150,000) and taxes at $22us
Those are the proposals currently in legislature. However it is florida and could change at any time. I think any flower sales would be favorable to trulieve!!
Most encouraging to me would be progress in Massachusetts. Getting going on getting their grow built out would be huge!! Massachusetts is a high profit market, much more so than California.
Legislature is fi***ing this up sadly. One proposal is prerolled joints with filters, the other is doctors recommendation has to say smoking is only way specific patient can effectively medicate, there is also something about needing two doctors recommendations needed for smokable flower. It is unbelievable they just don’t allow patients to purchase flower!!
I am very unimpressed with the partnerships trulieve is forming for edibles etc. No matter what press releases say none of those companies are industry leaders. Not organa(oPen was the first but now lags several other brands), certainly not love's oven and not Binske either. FYI I am in the industry in Colorado and have been since day 1 of full regulation
I do not think that is how trulieve or anyone else in the industry quantifies capacity. There is also no way Trulieve could have the revenue they had even with florida prices with under 100kft2 of grow.
Source for that is trulieve's website. Liberty may have a larger grow under on roof(greenhouse) however for total production square footage trulieve is the largest. You two are free to continue your little tit for tat on semantics but those are the facts
You are very correct! It takes time, money and dealing with building depts can always be a problem. Even after they are up and running it is typically 4-6 months before any finished product is out, the clones have to root, plants have to go through vegetative state and then flower and then harvest. Also grows do not typically get planted all at once indoors, usually it is divided into several differnt rooms at intervals of a week. So when fully operating they are harvesting every week and always have product in the pipeline. There is an amazing amount of ignorance of how this industry really works in the general public and investors.
What I have heard from patients is that for the most part they are very pleased with trulieve! They are happy with the products and the efficacy for their ailments. Minor complaints that the experiences from shop to shop are different. I think some program to create consistency of customer experience between all locations would help. I was wondering if any of the patients on this board have had similar experiences. This seems like a fairly simple fix if it is an issue.
FYI anyone interested in ACTUAL Volume of this stock needs to look on Canadian exchange, this site does not show total volume! Today 427.6k shares traded in Canada. Canadian market was open yesterday as well
It is back above my average price on my shares! 720k volume in canada so far today.....
All up from here
No they do not!
Oh I understand supply and demand and I also understand competition. At this point Trulieve has virtually none but that will change. My hope is that they start to run a tighter ship so they can effectively compete. My main point is at their prices they should be even more profitable, and they should be.
Let's not get crazy here! Trulieve is doing phenomenally well in Florida! They are no where near best run company in the industry, they may be up there in publicly traded companies but not MJ companies. They need to tighten up and increase production efficiency in a big way! At the prices they charge they should be at a 70-80% profit margin. Just look at more mature markets. The shatter they sell for $50-60 is $15-20 in Colorado and Oregon. It should not cost them more than $6 a gram to produce and that is at the high end. 500mg cartridges start at about $15 in Colorado and Oregon. Luckily they are in Florida and I am betting on them doing the things they need to do to truly compete against efficient operators in well regulated markets.
Yes, this came highly recommended from a friend who is in the industry. I have not gotten in, getting off the grey mkt is no easy matter...
Yes the regulationsa are that is drug trafficking and highly illegal! If it was legal all states would be buying their product from Colorado and Oregon where wholesale product can be purchased for less than most companies can grow it in other states.
I am long on Trulieve. That being said I am not sure what you mean by "immediate future". It will take a minimum of 1 year to build out a grow and harvest first crop. More realistic is 18-24 months. Massachusetts does not have a wholesale market where Trulieve could just open a store and start selling product purchased from someone else.
Lol $150 I’ll be retired if that happens
How is getting less for each share and warrant a better deal for them????
Seems like people wanted to see bigger qtr over qtr results and were not impressed by year over year growth! This company needs to get more efficient at production to eliminate shortages at their busiest stores.
Canadian or US dolllars?
Exactly and that’s why there will Be no massive dilutionuntil it is federally legal in the USA! If they did they would be shooting themselves in the foot and be contacted by the DEA and SEC. Pretty damn simple folks
I am trying to find how many shares there actually are! So Murphy owns 87%???
10 am eastern time