Trulieve Cannabis Corp (TCNNF)

[Snapback24]

Cansortium, also known as "Fluent" in Florida MSO space. Operating 19 dispensaries. A brief DD.

The Company is listed on the CSE. According to the CSE, 96,311,803 Shares are listed for trading, And 236,054,454 are reserved for issuance. This would total 332,366,257 Fully diluted shares O/S.

However, Under "investor note". It reads 96,311,803 are listed and training. "10,324,925 Proportionate Voting Shares, convertible into Common Shares at a ratio of 1:10, that are issued and outstanding but not listed" Totaling 189,361,295 Fully diluted O/S. A confusing note.

Market share in Florida. Since 10Jan.

Flower Sold = 10,749.927 Ounces. At 10$/g = 3,009,979.56 USD

THC Sold = 56,696,980 Mgs THC. At 70$/g = 3,968,788.60 USD

CBD Sold = 3,717,505 Mgs CBD. At 50$/g = 185,875.25 USD

This would total: 7,164,643.41 USD in revenues for period.

This equals an average

Flower: 3.3%

THC: 4.8%

CBD: 12.2%

Debt: Unknown, this is brief DD.

Market Cap

Using 332,366,257 Fully diluted = 63,149,588.83 USD valuation at close 9April20.

Using 189,361,295 Fully diluted = 35,978,646.05 USD valuation at close 9April20.

Form 7

Form 7 update listed on CSE is poorly put together. Little to no information provided, that would concern me as an investor. Latest Form 7 reported 24 terminations with 34 new hires.

Form 7 lists shares at 118,282,251 O/S if including 21.97 Million warrants. This number doesn't match either listed amount on the CSE, sending a message of negligence along with the baron Form 7.