Geometry Dash APK Hill Climb Racing APK
34.9 F
New York
Saturday, December 10, 2022

Trulieve Cannabis Corp (OTCMKTS:TCNNF) Keeps Ramping Up and Out

Must read

Is Tilray Inc (NASDAQ:TLRY) Stock a Good Buy After The Recent Fall?

The cannabis sector may have had a hard time not too long ago but over the course of the past months, the...

Sysorex Inc (OTCMKTS:SYSX) Stock Still Riding Big News

Investors are always drawn to stocks that make a big jump out of nowhere. So it's no surprise that Sysorex Inc (OTCMKTS:SYSX)...

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

We wouldn’t overlook the fact that Trulieve Cannabis Corp (OTCMKTS:TCNNF) just announced that it was set to open the doors of a new Florida dispensary on Saturday, April 18th. That happened over the weekend last week and could fuel the stock as it represents another brick in the wall of the company’s relative dominance in the sunshine state.

According to the release, the Titusville location marks a record 46 locations in the state of Florida and 48 nationwide for Trulieve. Situated on Columbia Boulevard, the South Titusville dispensary supports the Company’s mission to expand and ensure safe, reliable patient access statewide. It joins the Company’s 45 other dispensaries statewide, expanding access for patients on Florida’s Space Coast.

Trulieve Cannabis Corp (OTCMKTS:TCNNF) promulgates itself as a company that, through its subsidiary, Trulieve, Inc., engages in the cultivation, possession, distribution, and sale of medical cannabis in the United States.

It offers a suite of Trulieve branded products with approximately 125 SKUs, including nasal sprays, capsules, concentrates, syringes, and cannabis flower in tamper-proof containers for vaporizers, topical creams, tinctures, and vape cartridges.

The company distributes its products to Trulieve branded stores (dispensaries) in Florida, as well as takes orders online and by phone for delivery. As of November 20, 2018, the company operated 21 dispensaries. Trulieve Cannabis Corp. is headquartered in Quincy, Florida.

According to company materials, “Trulieve is a vertically integrated “seed to sale” company and is the first and largest fully licensed medical cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL.”

Find out when $TCNNF reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, TCNNF just announced that it is set to open the doors of a new Florida dispensary on Saturday, April 18th.

The chart shows 47% piled on for shareholders of the listing during the trailing month. Furthermore, the name has benefitted from a jump in recent trading volume to the tune of 4% over what the stock has registered over the longer term.

“Trulieve’s focus has always been on taking care of Florida’s patients and the communities we’re fortunate to call home. With the uncertainty brought on by COVID-19, we are working hard to continue to meet patients’ needs and demands while also taking proactive steps to keep our employees and customers safe,” said Trulieve CEO Kim Rivers. “Expanding access on the Space Coast allows us to bring direct access to patients across the state, with online ordering, in-store pick-up options, and statewide delivery available to help patients.”

At this time, carrying a capital value in the market of $328M, TCNNF has a significant war chest ($119.1M) of cash on the books, which compares with about $73.6M in total current liabilities. TCNNF is pulling in trailing 12-month revenues of $335.2M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 121.6%. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $TCNNF 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 $TCNNF, either long or short, and we have not been compensated for this article.

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service