Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Maybe. The restaurant business is entirely different since word of mouth is so important, and small business is almost usually cash constrained.
These guys are making over thirty-five million a quarter in profits.
Big difference.
Remember that it takes a few years to build out your go to business strategy. As soon as Tru had it figured out early last year, they just exploded across the state. Early adaption required capital they didn’t have.
Now it’s a different ballgame.
Nibbling at 19. If we go to 18 I’m all over our stock like James Bond.
This will be a huge revenue boost in four quarters like you can’t believe. Kim’s plan is very simple and straightforward. Go deep.
What Tru will do in MA and PA will be a duplicate of Florida. Grow tons of flower, use our 450+ SKUs to offer a myriad of choices to the user, offer discounts that are viable and focused, and use our reach out and touch someone social marketing to establish dominance in the marketplace.
This was a brilliant deal.
Completely agree. Profits count and this quarter is going to be a stunner
It’s like closing on a house. Lawyers, lawyers and lawyers plus managements signing papers and checks being passed
Then we own it
A combination of cash and stock with a nice profits kicker over time is a smart move.
It allows existing management to have a stake in the success of their purchased companies as well as the broad oversight by their new owner on financial performance.
Win win anyway you slice it.
And we all know Kim is perfectly willing to use the hammer if necessary.
Within reason. And it’s accretive so all is good.
Trust Kim Rivers. She’s proving daily that her company knows what it’s doing, and it’s focused on being the top dog financially.
That will eventually make many of us very, very happy.
Mainly because investors want positive financial returns, not funny money accounting tricks
Tru will rock the NASDAQ next year
Real MSO? How about just settling for a company that is making serious money, not pennies a share.
In seriousness, it’s a solid move. With MA and now PA using the same operational model that made them king of Florida, this could well be the first pot company to do a billion in sales. My bet is the second quarter of 2023.
Doubt it. The low is probably around twenty bucks. With the new expansion into PA, I suspect the stock will bounce around a bit, but 18 is highly doubtful
Thanks.
Looks like a good deal. Going to make 2021 real interesting
Well Trulieve just expanded into PA in a big way. Purchased 90,000 sf of grow, three dispensaries, and two profitable organizations.
Kim says it’s accretive and the stock has hold times up to 18 months. Approximately 40-million in stock plus 35 in cash, I believe. My tiny iPad is impossible to do cut and paste. The story is all out there.
And the same pattern in late March. Thirty a share by years end is a slam dunk. The third quarter numbers are going to be stunning
I got it. That’s a fully loaded cost, not a selling price at retail dispensaries. It’s a language thing that accountants love to do. Trust us. Their gross sales this quarter will be very close to $150-million.
I’ve been in this game a long time,and I have family that is neck deep in growing. When Tru reports it’s numbers for this quarter, all will be reviewed closely. If you take a close look at your image you will note that in 2019 for the same period it was over ten bucks for “sale price”. In short they lowered production costs by 25%. When you push that into their volumes of product, their profitability exploded.
Just buy and hold. All is good.
If that was the case in retail it would mean that they are selling each 3.5 gram flower container for under $30 per.
Even with my exceptional discounts I can’t get even close to that when the good stuff is 53 to 58 bucks for 3.5 grams.
You may be thinking fully loaded costs
$8.40 for what? It’s ounces and mgs. Nobody uses grams except In packaging
It’s the mix, not the volume. They have moved their price pints upward
Closer to $150. Your numbers on the OMMU categories are off significantly. They are averaging over eleven million a week and have been almost all quarter
Should be. Fair market value is $28/share.
Interesting day. All MSOs down, Trulieve up nicely. Checked the tape often, tons of small lot buying.
Interesting.
I don’t even have a guess other than maybe many employees of Tru where buying shares today.
Their numbers are just off the charts every week.
What’s going to be most interesting is the next week. Market looks wobbly.
If we return to earnings quality, Tru could have a nice ride up.
I heard.
The problem is the State of Florida labs which must test each batch using 14 different protocols. Overkill to the max.
My dispensary sold out in two hours.
The antidotal evidence proves one point. If you have flower in stock, they will come.
Impressive domination. Looks like this quarter’s revenue will be well over $140-million.
Onward.
It’s their quality that drives pricing. That’s all.
As for a super star company Trulieve is it
Going to be a fun week.
Actually it’s fairly easy. The list of acceptable medical conditions is only hampered by the lack of hangnails as a condition. Every else is covered.
You pays your money and voila, you have your card in a week or so.
As for prices, they are reasonable. Trulieve’s Cannabis is so good that pricing is very much in tune with their quality.
You don’t sell Over 20,000 oz a week if your quality isn’t top drawer.
I think old Ben is feeling the heat from Florida.
Depth is far more profitable than breadth.
Everyone have a fabulous Labor Day weekend. Please wear your mask when in enclosed spaces, and practice social distancing.
Expect TCNNF to have a blockbuster week. Their numbers for the third quarter are going to be off the charts.
??????
I’m so glad he’s a big fan of Kim Rivers.
Couple of weeks like this one and LHS has got to be for sale.
GTI with just six dispensaries sold almost as much flower as LHS with 26 dispensaries
Sad.
Makes sense. One should expect some serious insider selling
I figure some Five million shares altogether
Good for the float, and the institutional investors
I plug in the numbers each week and only do the top seven. After that it’s really a nothing burger.
For me it’s two things - smoothing the real numbers each month to get a handle on growth %. And performance against market growth
In both Trulieve is kicking ass. The amazing thing is it’s total dominance in the THC category. Those numbers when converted to sales revenues are every bit as strong as flower.
When eatables start getting added I believe they’ll do just as good.
We could see 18 or even 17 if a correction occurs.
Remember they don’t release 3rd quarter earnings until mid November.
Then things will really take a turn upward. Right now, according to OMMU reports, Trulieve is looking at a $150-million quarter. That’s a killer.
Look at overall corporate value. Tru is in a range from $2.2-billion to 2.6-billion. Not going to move out of that valuation until the next quarter.
If it is I’m happy. Personally I like the idea at 80 cents if it where a stock deal with the right player
Guys, patients will buy the edibles because they are Right there.
And they’re safe, know exactly what the dose is, and packaged nicely.
Slam dunk !!!
LHS’s problem is they have only 300,000 sf of grow. You can’t supply 26 dispensaries with flower when you can only grow 30,000 oz twice a year
Trulieve grows that in one week
I would call this a serious management problem.
Or better yet, a focus on all the wrong stuff.
Either one.