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It was greenhouse cultivators that started Trulieve and own a huge hunk of it. Kim came in when the first CEO proved his incompetence rather quickly. She was an M&A lawyer in Tallahassee and widely respected for her quick mind and strong person skills
The rest, as they say, is history.
By the end of 2021 Florida will be rec. They will need money and the only way they can get wheelbarrows of it is by an excise tax on rec.
Given Tru’s focus on production they could easily be a billion dollar company without leaving the FL market.
Buildout MA to FL dominance and then just pick your opportunities down the coast.
BTW, their Papaya Cake is easily the very best Cannabis I’ve ever had and that goes all the way back to Montenyard grass in the highlands of Vietnam.
I’d say you pretty much nailed it .
Curaleaf has more debt than the US government. With luck they may see profits before they run out of cash, but the odds are against them
Good luck with that.
Cannabis will always be regulated by the state. Just like alcohol spirits. Too much money not to do otherwise.
If it’s shorts they’ve lost their ass. Lol
My tape says an institution is buying big time. Maybe as much as 150,000 shares today.
This is going to be interesting
No problem. To each their own
I just find them not a solid investment
Too risky for me. That’s all.
The problem with them is they can’t make profits. Tru was reporting profits with just 21 outlets.
That’s not their major problem however. It’s their production footprint is so small.
How many shares O/S and net earnings. That’s what counts
Yep. About time investors stopped chasing rainbows and focus on where the gold actually is.
You do keep things up to date. Thanks
I haven’t had this much fun since my final divorce.
Now that was a cause for celebration
Lol. Maybe. My bet is they go for the full monty and list on the NYSE. If that occurs it’s a fifty dollar stock period.
Remember we only have a total of 115-million shares total capitalization. I’m loving it.
By the way Florida does not report revenues. Only product sold by category by each licensed company in the state
No games in Florida. Only f’ing thing they have done correctly in two decades.
Absolutely. All states should be following Florida’s example.
I could go on for hours why, but to investors there would be no real disagreement
Twelve times earnings is standard value of a profitable firm. Good growth kicks that upward to 15 or even 20 in a high growth environment. Thirty by year end is not a dream
When Tru goes to the big boards next year fifty is a real possibility by year end 2021
I’m glad I’m keeping you on your toes
The problem investors are having is determining how individual companies are performing in this environment
Crap like IL reporting tells you nothing about individual companies while FL puts it all out there
Given that you can see why TCNNF keeps climbing. Investors know how they are doing every single week.
Big damn difference
Of course. Investors are starting to realize they make real cash profits while everyone else is playing games trying to pretend they are.
Interesting report. Number of items? WTF does that mean?
I would suggest IL report like Florida so investors can track their companies progress intelligently
Number of items. God help us from stupid data
For the month of July Trulieve sold 84,340 oz. of flower.
That’s over $16-million in good old US money.
And that’s just flower.
Motley Fool basically chases “hot” stocks with poor research and even worse analysis.
Tru is adding over 750,000 sf of grow in Jefferson County to meet demand.
Tru has the lowest amount of publicly available shares.
Tru has proven it can respond quickly and effectively to market changes. ie: first to expand delivery fleet, first to do curbside, first to do ground flower, etc.
And most important of all is Tru’s ability to manage its finances properly.
Everybody else is a wannabe
Look at it this way. If they don’t make it, they are exactly like a car dealer.
I prefer manufacturers. That’s what I know. Companies that actually make and control a product stream.
To each their own.HAVE A GREAT WEEKEND !
I’d rather own a leader than a follower. No disrespect, but I’ve heard that story line about future profits being right around the corner from virtually every Cannabis company out there.
So I’ll stick to ones that are profitable now.
Not next quarter, next year, etc.
Fact is most of them cannot find their asses with both hands.
Could be for this current quarter. I expect to see about $114 for revenues in the second. If it’s over $120 the stock is going to go nuts.
The demand is so strong they cannot produce enough. When Jefferson County comes on line, I fully expect $150 quarters like clockwork
Numbers are pure awesomeness. Basically about an $11-million week. This is market dominance.
If our earnings are strong for the August 12 report, our stock is going to jump, and jump large.
It’s production folks. Stop with the day traders, and shorts, it’s a penny stock for a reason.
They can’t grow pot worth a shit and not even enough of the crap they peddle to the unsophisticated.
Tru has 1.8-million sf of grow and is adding 750,000 more as I write.
LHS brags about 300,000 sf. total grow
Put your money where it will grow.
Hello sports fans.
I’m a trulieve bigot, but I’m always interested in companies that show they know how to make money.
Solid article
On that we are one.
A serious election to decide the direction of America, and our investments.
Curaleaf reminds me of what GE did years ago. Buying unprofitable companies thinking they could turn them around.
How did that work?
Not to well.
I’ll stick with firms that deliver earnings. Until then you are just chasing rainbows.
Agreed. But I’m a realist, and until the Senate changes hands, we are where we are and will remain so.
You’ve been busy with that. Thanks
But nothing is going to change until Feb 2021 when a new administration takes over and realizes that the states need serious financial help.
Then it becomes quasi-legal and it’s off to the races.
Your pot holds should be thru 2022 at the earliest.
Lol. Maybe he’s just smart enough to see the obvious
Exactly what I have been saying for over a year.
Like buying McDonalds at the beginning
Five year old and then.
Guys, and gals, this isn’t the jhang of it.
$22 to $25 by years end
When Jefferson County comes on line at full production you are going to be talking $250 million quarters
The fun is just beginning
Seems to be our MO over the past five quarters. Maybe this will be different, but August has always been the worst month of the year for stocks and bonds.
Rocking and rolling again today. $18/share isn’t far off.
But August is usually a cruel month for financial assets. Have some cash if we get a correction. After August it will be off to the races.
Final position cleared at .3715. I’m out.
Wish you all the best, but as said before unless you have a 1-3 reverse stock split this baby is dead money
Interesting puff. No analysis.
What was most surprising is Curaleaf. I think they are way behind the production curve, and are getting smoked in Florida.
And as the old saying goes, if you can’t make it here, you can’t make it anywhere. Lol.
Trulieve baby. I like businesses that demonstrate market power month after month after month
Good luck all