Wednesday, November 06, 2019 12:12:43 PM
I think Trulieve will have a very strong ER. They are the only MSO doing everything right. One possible glitch is expenses. They are expanding the retail operations AND their grow facilities at the same time. Costs?
Revenues can be affected because social media has noted some product outages in some stores. My assumption is they have to rob peter to pay paul when a new store is opening for initial stocking. More inventory doesn't just magically appear. I don't know how much the affect was, but I read the twitter posts and posted them here.
Last week was the time to buy when The Street didn't have the information about the capital raise when it was announced. The knee jerk reaction pummeled the PPS. I knew it would happen, and should have added, but the uncertainty kept my finger off the mouse. Could'a, would'a, should'a.
Every cannabis company is coming to a corner they have to turn. The industry is maturing. Investors are turning away from hype, and focusing on fundamentals. The good companies aren't going to have surprising disappointments like CVSI did yesterday.
The cream will rise to the top. I think Trulieve is the cream.
It's only 2 weeks until the ER:
Trulieve Cannabis Corp. Announces Release Date, Conference Call and Webcast for the Third Quarter of 2019
October 31, 2019 at 8:00 AM EDT
TORONTO, Oct. 31, 2019 /CNW/ - Trulieve Cannabis Corp. ("Trulieve" or the "Company") (CSE: TRUL) (OTC: TCNNF), a leading and top-performing cannabis company in the United States, will release its third quarter 2019 financial results on Monday, November 18, 2019, after market close. Management will host a conference call the following morning, Tuesday, November 19, 2019, at 8:00 AM Eastern Time to review the financial results.
https://investors.trulieve.com/news-releases/news-release-details/trulieve-cannabis-corp-announces-release-date-conference-call-2
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