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Saturday, December 10, 2022

Did True Leaf Medicine International Ltd (OTCMKTS:TRLFF) Shares Just Trigger the Bear Trap?

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A stock that hit the roof on Friday – and that you may want to have front and center as trading opens on Monday morning – is clearly True Leaf Medicine International Ltd (OTCMKTS:TRLFF). Shares of the stock went bonkers in Friday’s action, rising well over 50% on the day on a 1,400% jump in volume relative to the 3-month average. Helping to drive the action was news out the prior day that the company saw its best sales quarter ever for the three-months ended December 31, 2018.

According to the release, “the revenues were generated from global sales of the Company’s legal hemp-based products for pets. Sales of the products totaled $652,370 (CAD), making it the Company’s third record-setting quarter in a row. Revenue for the nine-months ended December 31, 2018 was $1,715,775 – the Company’s highest revenue over three quarters to date and an increase of 69 per cent from the comparable nine-month period in the prior year, which had revenue of $1,016,667.”

True Leaf Medicine International Ltd (OTCMKTS:TRLFF) bills itself as a company that manufactures and distributes hemp-based nutrition for pets.

As of October 24, 2018, it sold dog chews, dental sticks, and supplement oils under the True Hemp name in approximately 2,000 stores worldwide, including PetSmart Canada and Pets Corner UK, as well as through online on Amazon.

The company was founded in 2013 and is headquartered in Vancouver, Canada, and holds the mission “to improve the quality of life for people and their pets with natural alternatives. We’re inspired by our pets and their remarkable capacity for unconditional love. True Leaf is dedicated to returning that love through our plant-focused wellness products.”

According to company materials, “True Leaf is a leading global cannabis and hemp wellness brand for pets. Inspired by the unconditional love our pets give us every day, we return that love through our wellness pet products which help maintain and protect the natural vitality of our pet companions. “Return the Love” is the purpose that drives our business and is at the heart of our values to bring happiness to pets and their owners.”

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As noted above, TRLFF just announced its best sales quarter ever for the three-months ended December 31, 2018.

Recent action has seen 55% tacked on to share pricing for the stock in the past week. Moreover, the company has seen interest climb, with an increase in recent trading volume of greater than 690% over what the stock has registered over the longer term.

“True Leaf’s impressive finish to 2018 was marked by record revenue growth, increasing our global retail presence by 55 per cent, and several impressive hires,” said Darcy Bomford, Founder and Chief Executive Officer of True Leaf. “We now have strong momentum going into one of the biggest announcements for our brand to date. We look forward to sharing the transformation – or True Leaf 2.0 – with our shareholders, customers, and the global pet industry next month.”

Earning a current market cap value of $42.7M, TRLFF has a significant war chest ($5.5M) of cash on the books, which must be weighed relative to about $2.2M in total current liabilities. One should also note that debt has been growing over recent quarters. TRLFF is pulling in trailing 12-month revenues of $1.7M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 22.2%. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $TRLFF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $TRLFF, either long or short, and we have not been compensated for this article.

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