Replies to post #9752 on Trulieve Cannabis Corp (TCNNF)

[FUNMAN]

Trulieve Cannabis Corp (OTCQX:TCNNF) Smoking Up in The Face of the Bears
By Tony Cross - August 13, 2020

IMO the last paragraph nails it. Trulieve is better at social media promotion than all of the other MSOs combined. - FUNMAN

https://oracledispatch.com/2020/08/13/trulieve-cannabis-corp-otcqxtcnnf-smoking-up-in-the-face-of-the-bears/

The cannabis sector has been making a comeback of sorts following the coronavirus pandemic since the lockdowns had actually resulted in a significant spike in sales. One cannabis company that has come into sharp focus this week is Trulieve Cannabis (CSE:TRUL) (OTCQX:TCNNF), which announced its financial results for the second fiscal quarter on Wednesday.

It has been one of the best performers from among the cannabis companies in the United States and over the course of the past month, the Trulieve stock has managed to deliver gains of as much as 100%. The company’s second-quarter results proved to be impressive as well and that could be the cause for another spike in the stock.

Earnings Recap

Trulieve managed to generated revenues of $120.8 million for the quarter, which proved to be a record and in addition to that, it reflected sequential growth of as much as 26%. On the other hand, the adjusted EBITDA came in at $60.5 million, which was roughly half of the total revenues. More importantly, it was the 10th straight quarter in which Trulieve managed to generate both growth and profitability.

The company also generated free cash flow to the tune of $39.6 million and as of June 30, it had cash and cash equivalents worth $150.3 million in its books. It is a pretty strong cash position for the industry.

Trulieve managed to deliver a solid performance in the second fiscal quarter and it is easy to see why investors might be excited about the stock. On the other hand, the company’s operations make it one of the top stocks to track in the month of August. It has managed to become the biggest cannabis player in the lucrative state of Florida and at this point controls 51% of the market.

Additionally, Trulieve has also been successful in keeping marketing and operating expenses at fairly low levels. In 2019, the average spending per patient grew by as much as 39% in Florida and that bodes well for Trulieve as well.

[emit]

Just think if we could somehow dump all the outstanding garbage off of achreage and tera-tek n buy them... with this ceo we'd rule the world!


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