Trulieve Cannabis Corp

In recent news, short seller Grizzly Research released a report attacking leading cannabis company Trulieve Cannabis (TRUL) (TCNNF)..

Canada legalized cannabis in October 2018, so investors expected 2019 to drive marijuana sales. However, the fate of the industry took a sharp turn.

Since Florida legalized medical marijuana, business is booming. In September, the state had 22 licensed vertically integrated medical cannabis operators.

Florida is the second-fastest adopter of medical marijuana. The state reports an average increase of 609 medical marijuana patients on a daily basis.

Yesterday, Curaleaf became the first company to launch medical cannabis tablets in Florida. It’s made these tablets available at all state dispensaries.

Despite the weakness in the broader equity market last week, with the S&P 500 Index falling 0.8%, most cannabis stocks delivered positive returns.

Today, Trulieve Cannabis is opening a new dispensary in Clearwater, Florida. The company operates 23 other dispensaries in the state.

Through its wholly owned subsidiary, Canna Farms Limited, VIVO Cannabis (VIVO) launched an integrated Canna Farms medical cannabis website today.

Of the three analysts that follow Trulieve Cannabis (TRUL) (TCNNF), one analyst has given the stock a “strong buy” rating, while the other two analysts are favoring a “buy” rating.

On January 14, 2019, Trulieve opened its 24th dispensary in Florida in St. John’s County.

The cannabis sector performed well on February 15–22. The S&P 500 Index rose 0.6% last week.

Today, Trulieve Cannabis (TCNNF)(TRUL) announced a strategic partnership with SLANG Worldwide, a branded cannabis consumer packaged goods company.

Yesterday, the New York Times reported that the Department of Health and Mental Hygiene had ordered restaurants under its jurisdiction not to sell food products containing CBD.

Cannabis stocks performed well last week due to strength in the broader equity market.

Today, on the OTC markets, iAnthus Capital Holdings stock (ITHUF) is trading ~3.63% above yesterday’s closing price of $4.84.

On January 25, Charlotte’s Web Holdings’ (CWBHF) stock price closed at $14.41, ~4.87% higher than its closing price of $13.74 on January 24 and ~11% higher than its closing price of $6.21 on January 18.

Last week, the broader equity market was stronger and the S&P 500 Index rose 2.9%. However, cannabis stocks had mixed performances.

In January, Green Thumb announced that it had entered into a definitive agreement to acquire Advanced Grow Labs for a value of $80.0 million.

On January 11, Green Thumb Industries (GTBIF) stock closed at $12.05, up ~15% from its previous week’s closing price.

The Green Organic Dutchman Holdings (TGODF) announced today that it will be partnering with HelloMD.

In this article, we’ll discuss the performances of a few stocks from the cannabis industry (SEED) for the week that ended on November 30.

iAnthus Capital Holdings announced in October that it had entered into an acquisition agreement with MPX Bioceutical for the acquisition of MPX’s US assets.

Curaleaf Holdings’ valuation In this article, we’ll discuss Curaleaf Holdings’ (CURLF) valuation as of November 27 and its comparison with its peers, including WeedMD (WDDMF), Trulieve (TCNNF), and Maricann (MRRCF). The chart above compares Curaleaf Holdings’ valuation multiples with those of its peers. Let’s explore the valuation multiples and market caps of Curaleaf and a […]