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Reverse splits usually end up with a mass of selling and significant price drops
Putting it another way, what they did in three months, Trulieve did in one week.
No contest
Mostly the market is in a bearish mood. And Cannibis stocks in particular have been hit pretty good. This too will pass. Good time to buy on the dips. I just did
Doesn’t matter what you believe. The fact is they are going broke. End of story
Times 238,600,000 shares, or 1.2-million per
At a dollar the value of the business would be over 345-million.
No one in their right mind pays that kind of money for a business that has proven they cannot make a real profit.
At the Trulieve dispensary in West Palm, unreal. Must be twenty people waiting for their orders. Everyone is spread out both inside and out. Their numbers are going to be unbelievable
True. But many of us buy two quarters and then two great eighths to add. End up with 21 grams at under 9 bucks a gram and a good months supply
For those of you who think just more supply, think this.
They have licenses for 15 more, I believe, for Florida retail outlets. Where are they going to put them?
Up the middle of Florida. Ag country, good old boys and girls, lots of outdoor activities. And nothing beats a bonfire and Cannabis. Bellamy Brothers, Florida famous country boys, tell me folks, what would you buy first....
Trulieve has more smarts than the rest of the industry combined. Amazing
Gotta love it.
Remember it’s the supply chain that makes all the difference in this business. Once you run out of flower in Florida, you are done.
That’s Trulieve’s competitive advantage. When the new facility comes on line this year, they can literally bludgeon everybody else.
I know, I’m a long time customer. Once you go and it’s not available you never go back.
And their flower at the high end is superb and getting better with each grow.
And Trulieve knows how to make money ??
That’s what they said about MedMen. lol
Picked up more Trulieve in the mid 9s today. I’m happy
Don’t buy any company that isn’t making money. Revenues are ok, but profits drive a stock
At 12x earnings, a very average valuation, Trulieve should be at $18.50 a share.
Anything under ten is a steal
They have 112-million outstanding. Most of them locked up in Super shares@ 200 to one
I couldn’t agree more
Never tried shatter. How does it work. I know that sounds stupid in this day and age, but I’ve been smoking since Vietnam
True, but they have also run out of the sticks and leaves stuff and are sold out of even all the high end Cannibis.
And right now it’s almost impossible to get an order in.
Anywhere from 400 to 100 depending on strain and quality. For hard numbers use 250. Only Trulieve knows.
It’s been in the past two days. Almost every dispensary is extremely low on flower. Try ordering it.
This is unbelievable. They are extremely short of flower. The demand has outstripped their supply line. Looking back at their planting schedule, and going forward about five months from seed to processing each cycle, it looks like this is going to be a tough month for flower. Stay tuned. This could be interesting
If you go back and look at fourth quarter numbers FY19, and compare them to today’s numbers, you are going to go OMG.
And remember our individual dispensary numbers are rising better than Betty Crocker
Ben needs to learn how to make profits. Sales don’t mean shit if you cannot turn a profit
I think it’s. paving the way
TCNNF opened at 8.70 and DROPPED to 8.45 before reversing field. I cleared my order at 8.52.
That’s a drop.
This is the perfect acquisition time. I’m loving these drops
Very interesting one company analysis, however value is also placed on how much you lead your peers. The problem is, in this industry, Trulieve has no peers.
In light of that, our company should be valued, like all other dominant enterprises, by a multiple times earnings. At roughly a $1.25/share and a conservative multiple of 12, fair value should be $15/share.
And that’s just for FY19.
Given our growth rate, if the first half of FY20 matches the fourth quarter, in this environment, we have a Secretariat
The market is more worried about revenue now than profits, but that will change. It’s a covid19 market, and liable to stay that way for months.
This is a time to selectively acquire and hold.
Understand. The I-4 corridor is regarded by those of us southerners as taliban country
Yes, the Villages is a problem, and has been since it opened. Local officials up there are assholes, and create as many problems for all Cannabis dispensaries as they can. Don’t worry when the virus hits the Villages, and it will, things will change.
Florida is a hotbed to religious nut jobs. But your Gov is dedicated to killing them all off. So it’s all good.
Stuart, also use West Palm when I venture down to the VAMC
May I ask where your store is?
And remember Trulieve is currently advertising for 400 new employees. That tells you a lot.
I believe they are simply overwhelmed on the delivery side. Even Amazon has serious delivery times, if at all. I had a recent order delayed until April 8 and I’m a Prime member. C’est la vie.
Hopefully you get it tomorrow or Monday. In the meantime, enjoy working around the house and stay safe
Not surprised, but what most analysts are missing is that people use Trulieve because they deliver product consistently. Their dispensaries are stocked and product is almost always available. That’s how a company builds loyalty.
Always bet on a company with solid, focused management that stays on point.
For those of you with additional antidotal evidence, please feel free. It’s always good info.
For investors, remember this day. The market dropped 915 points, we lost three cents.
Have a great weekend everyone and stay safe.
Kim has built a machine. 54% of THC oils, vapes, etc., 50% of CDB sales, and 60% flower. This is March end. First quarter numbers could very well be near $100-million for the quarter.
And the company is cash rich.
Can’t ask for better than that.
On that we completely agree. I think our numbers will be strong. April is the month to watch. We do good in April the stock will explode.
That’s because you live in Ron DeSantis territory. No problems like that on the east coast
Very true. And I don’t think we are going to see a revenue slowdown for some time. Their call center is swamped. Took me 20 minutes this morning on hold. Sucks.