Trulieve Cannabis Corp (TCNNF)

[HoldHigh]

New information out today:

The Issuer has 119,811 customers as of December 31, 2018
The Issuer acquired 8,908 new patients in December
The Issuer operated 22 stores throughout the State of Florida as of December 31. The Issuer also operates 1 store in California where it has 80% membership interest.

Patients are further served by a Clearwater-based call center which received on average 1,597 calls per day.


* The Issuer had completed acquiring 80% of the membership interests in Leef Industries, LLC (“Leef Industries”) in November and was waiting for approval from the State of California to complete the acquisition of balance 20% of the membership interest. The Issuer also completed acquiring all the securities in Life Essence, Inc (“Life Essence”) a Massachusetts corporation, as required regulatory approvals for 3 specifically located dispensaries and a grow were approved by the State of Massachusetts, which was a condition for the payment of the purchase price.

* In December, the issuer paid $3,900,000.00 for the acquisition of Life Essence, Inc. The purchase of the Massachusetts corporation provided licenses for a grow and 3 dispensaries in Massachusetts.

The Issuer operates approximately 514,450 square feet of total cultivation facilities. (my comment- UP 7350 sq ft from Nov 18)

IMO These folks are accomplishing what they say. Apparently the store in CA is operational. Things are moving pretty good. The stock should move on this news. We'll see.