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I thought they were leaving harvest stores as Harvest in Arizona. Harvest was market leader there with good reputation.
Jay lost his licenses in Boulder by refusing to let regulators in the door, now he is a trusted advisor/consultant, what a joke!! Take anything that guy says with a grain of salt, he and his wife violated regulations and lost their business!
2024 maybe
Any news on them actually closing any of the deals they announced?
And there are no signs that they will close any of the deals. Nothing has been filed with DOR in Colorado for transfers....
They are having their busiest days ever! Dispensaries around the country are booming!!
TIME TO BUY!!
The fact that this article does not mention IRS section 280e proves that it is a joke and a lobbying effort to get states to lower their taxes on the industry! Banking gets all the press and every legitimate business in the industry has a bank account, they may not be cheap but they all have accounts. 280e is the monkey on the back of Cannabis businesses. If you are not aware of the threat this poses to the industry educate yourself before you invest another dime!!
the market cap with 250 million shares is 750 million at $3, that doesn't seem so low to me.
That still increases market cap and restrictions end, issuing more shares is dilution plain and simple!
Investors do not like the dilution and can you really blame them??
Excellent response to the ignorant folks!!
You are correct
That is old news, investigation has been going on for some time. You know a spouse can't be forced to testify against a spouse right? So if they had anything on her and they wanted her they would be investigating her. Just my thoughts...
See I believe those dogs performance should drive Trulieve even higher, but I am probably wrong.
Word on the street is they are buying Native Roots in Colorado....
Before you ask I don't have any proof but like my call on upper management time will tell....
Exactly Cabos!! Curaleaf is way diluted from their acquisitions and overvalued IMO. Lots of others on that list, medmen, Acreage is basically just a license holding house they barely operate anything for all the licenses they hold. Some of the anticipated deals in Colorado that stocks have been going up on are sure to fall apart, mdcl aggressive acquisitions aren't funded yet.....
That is why I think Trulieve is in a unique position to not overpay, be picky and get the most value for the money!!
If Trulieve decides to expand by purchasing existing operators they should be able to drive a hard bargain and maximize their value. The endless funding for these companies is drying up as investors arent seeing promised returns. There was big news about Columbia Care buying the green solution in Colorado, and the deal involves basically no cash. With Trulieve's strong numbers(profitable) and actual cash on hand they should be able to get the best possible deal!
The dilution the board approved is killing this stock. If it falls below $2.85 that is a big problem as acquisitions are cash/stock deals at a stock price of $2.85
I was wondering if this news would make it out to national press. Folks here in Colorado knew about it. Risks of growing outdoors are very real freezing and hail storms, but the fact is it is the most economical way to grow.
Finally someone that understands we DO Not want federal legalization!
I said a month ago he was out, finally they decided to publicize it
I guess I was just a little early but this what I was talking about....
https://www.newswire.ca/news-releases/trulieve-announces-leadership-realignment-to-progress-corporate-strategy-883478893.html
Cabo, that is exactly what I hear from people in Florida that follow this stuff closely. They don't think it will pass and they say if it does it will certainly be delayed by Desantis. In trulieves case I don't think this hurts much, it will just give them more time to really get production humming along.
Nothing with trueleaf not even sure what trueleaf is
Yes that is kinda stinky, spouses can't be forced to testify against each other, seemed like some ass covering there. Whether it is or not, it doesn't look good from the outside.
LOL try living in Massachusetts on 48k a year!
Do you know if there is a possibility the privately carried out disposition back in April could be how OTCX got their initial shares? The others all say public market. Hackney doesn't surprise me at all, he is original greenhouse grower who partnered with trulieve in the beginning on the application so they could get original low thc license. Definitely makes sense for him to take some of his winnings IMO
KEY WEST opens today!!
There isn't a link, but there will be, probably be announced next week.
Their COO Kevin Darmody and their Director of marketing quit.
COO and director of marketing are out
They will have 10 more stores open in Florida by end of year. They will also be in at least one more state. They are applying in New Jersey for license as well. I’m just riding this bs out til my shares at least double. I’m already 150k in and don’t feel the need to average down.
Curious as to what “more liquid exchange” you know of that lists companies that violate US federal law? I don’t know of any.....
Ok so I guess this Canadian site is wrong the
https://www.stockwatch.com/Quote/Detail.aspx?symbol=TRUL®ion=C
A COUPLE NOTES:
This site investors hub does not show the actual volume of shares traded folks! You are showing glaring ignorance when you quote volume numbers from here, this is a Canadian company and a Canadian stock go to a CANADIAN site to get actual numbers!! for example ihub shows 148k share as of right now actual shares is 321k shares.
While recreational passing in Florida would certainly help Trulieve all this talk of federal legalization and uplisting to other exchanges show ignorance and a total lack of understanding of law, regulations and how this market operates!
IMO trulieve is a great stock, I own 15,545 shares. I come on hear to see a little bit of news and a lot of ignorance and opinions.
They will be at 40 stores by end of year, cabinet guy is correct, they are getting ready for big push.
No, growth stocks do not pay dividends. Trulieve is a growing, expanding company. Their money is much better put to use for continued build out and acquisitions.
Their profit margins show they are not efficient. Yes for a public company they are the best imo. That being said if they were efficient and getting the prices they are they would be considerably more profitable. They have time to do that with their market share, and capital funds. Simply building more grow space does not equal efficiency. Simply put the 500mg cartridges they make and sell for $50 should cost them $4-6 to produce, their margins do not show that. They have time to tighten things up and hopefully they are doing that. “Craft growers” and “mom and pop shops” can cause death by 1000 cuts if the limits on licenses are truly lifted in Florida. That is why I like to see Trulieve move into Massachusetts market where there are limited licenses with no constitutionality questions.
Efficient producers could effectively undercut Trulieves pricing quite easily is how. And how would Trulieve wholesale to other shops when they can barely keep product on the shelf as it is now? Trulieve is a juggernaut in my opinion but they really need to get production dialed in and be more efficient and compete effectively in the coming environment.
I Agree, they have a big lead, but if the Florida market is opened up it spells trouble for the big boys. I like to see Trulieves moves into other states with limited licensing now that Florida's limited licensing structure has been ruled unconstitutional yet again on appeal:
https://www.wfla.com/news/politics/tampa-companys-lawsuit-upends-florida-medical-marijuana-law/?fbclid=IwAR2OY7AML9WuNidw8XigpGpq0gAzM2edR2KWlTqX5BkbffiIkuuFOzYLt2s
I am not a big fan of California expansion due to the experience and number of operators there.