Replies to post #10220 on Trulieve Cannabis Corp (TCNNF)

[FUNMAN]

Until the WH and Senate flip, similar financing moves will be the norm to fund growth. Mgmt is telegraphing their intentions to penetrate more states. Starting up is costly. They put those expansion expenses off to concentrate on expanding in FLORIDA.
Imagine how much more of a cannabis multiple will have to be paid for the same acquisition if rec legal was assured?
Trulieve is following the herd into more states. At least PA doesn’t have the license restrictions that MA does. They will be able to gain efficiencies of scale, but the PA upfront cash outlay is what GTI already spent.
Credit Trulieve for continuing to move forward during COVID-19.
GTI slowed down.