Trulieve Cannabis Corp (TCNNF)

[goodfela58]

I have been following the sector closely for almost two years now and Trulieve continues to impress the most. Truthfully we have a perfect storm for a buying opportunity right now. I’m sure many Trulieve investors aren’t happy with recent price action but personally I’m really happy with it because it presents optimal buying opportunities.

My take on all of this is that currently the market cap is $892.3 million which is less than 4x 2019 revenue projections of roughly $250 million and just over 2x 2020 revenue projections of $400 million. Furthermore they have a very strong balance sheet and an os of roughly 110 million and they are growing leaps and bounds. Next year there is also a strong possibility that Florida legalized rec mj. Also the election is next year and legal mj is sure to be a hot topic like. And, lastly they are expanding to other states too.

The combination of bad market sentiment, the trade war and the share unlock has presented a once in a lifetime buying opportunity that will probably never be seen again.

I have accumulated 5,700 shares and intend to add Monday as well. By the time next year I fully expect Trulieve to be, at the very least, a $20 stock and I think that’s conservative. They are are a strong growth companies and the most profitable in the sector with so many catalysts on the horizon. I can only imagine how much 5,700 shares will be worth in five years.