Trulieve Cannabis Corp.

Earnings data Q3 2024

Earnings data Q4 2024

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Trulieve Cannabis Corp. engages in the provision of medical cannabis products and services. It cultivates and produces its products in-house and distributes to its branded stores, as well as directly to patients via home delivery. The company was founded by Kim Rivers on September 17, 1940 and is headquartered in Tallahassee, FL.

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The cannabis industry has been growing in popularity for years, intriguing more potential investors to take advantage of this burgeoning market. Marijuana stocks have offered an easier chance to do so, especially at a time when volatility is rapid. But is investing in marijuana stocks truly the best option or is it more of a volatile gamble? Well how far legislation has come in the USA has led to a boom in cannabis operators are the nation.

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The recent pullback in the U.S. cannabis market has sparked renewed interest in marijuana stocks, especially with federal reform possibly on the horizon. Although Republican leadership typically supports limited government, a pro-business stance might lead to favorable cannabis reforms. This possibility has stirred hope among investors, who see potential for federal decriminalization. According to recent data, the U.S. cannabis industry is projected to grow by 14% annually through 2028, reaching over $50 billion in value. This continued growth, combined with possible regulatory shifts, has made marijuana stocks increasingly attractive. However, approaching this volatile sector requires careful planning and patience.

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Following Donald Trump's presidential election victory Tuesday, the cannabis sector took a sharp downturn.

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Trulieve Cannabis Corp. faced a setback as Florida failed to approve recreational cannabis, despite 57% voter support, missing the 60% requirement. The MSO spent $145 million on the campaign, due to Florida's $5-$6 billion cannabis market potential. The company reported Q3 '24 results showed only modest 3% sales growth, though positive adjusted EBITDA remains strong when excluding the potential tax hits.

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Shares of cannabis companies fell Wednesday after a ballot measure that would have legalized recreational marijuana in Florida failed to pass.

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North Dakota and South Dakota also failed in their efforts to legalize cannabis for recreational use, while a medical measure passed in Nebraska.

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Trulieve Cannabis Corp. (OTCQX:TCNNF) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Christine Hersey - Vice President, Investor Relations Kim Rivers - Founder, Chairman, Chief Executive Officer Wes Getman - Chief Financial Officer Conference Call Participants Luke Hannan - Canaccord Genuity Frederico Gomes - ATB Capital Markets Aaron Grey - Alliance Global Partners Russell Stanley - Beacon Securities Eric Des Lauriers - Craig-Hallum Capital Group Mike Regan - Excelsior Equities Andrew Semple - Ventum Financial Operator Good morning, everyone, and welcome to the Trulieve Cannabis Corporation Third Quarter 2024 Financial Results Conference Call. My name is Darvin, and I will be the conference operator today.

Trulieve Cannabis Corp. (TCNNF) Q3 2024 Earnings Call Transcript

Third quarter revenue of $284 million, up 3% year over year, in line with guidance  Gross margin of 61%, compared to 52% during the third quarter of 2023  Year to date cash flow from operations of $241 million and free cash flow of $162 million* Florida adult-use campaign support of $48 million during the third quarter TALLAHASSEE, Fla. , Nov. 5, 2024 /PRNewswire/ --  Trulieve Cannabis Corp.

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Over the last several months the US cannabis industry has been on fire. More companies are expanding operations focusing on the future. With federal reform still up in the air state-level regulations are taking precedence. Right now there is a push for corporate cannabis in the industry which would come with pros and cons. The cons would be crushing small-batch farmers with high taxes and state fees to maintain compliance.

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New Highlands County location will host grand opening celebration Friday, November 1 st TALLAHASSEE, Fla. , Oct. 25, 2024 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the opening of a new medical cannabis dispensary in Lake Placid, Florida.

Trulieve to Open Medical Cannabis Dispensary in Lake Placid, Florida

The US cannabis industry continues to show strong growth, with recent projections estimating that the market could reach $40 billion by 2025. As more states consider legalization, the demand for cannabis products continues to rise. One key development to watch is the upcoming ballot initiative in Florida, which seeks to legalize recreational marijuana use in the state. This could open a large new market, boosting the industry even further. Additionally, recent headlines about potential federal legalization have generated optimism among investors. Many traders are closely monitoring the latest developments, using technical analysis to guide their decisions.

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Many have fears about the future of marijuana stock investing. Even with great success and more regions voting for legal cannabis why are some still scared to pull the trigger? Could it be its continued volatile trading causing an uneasy counterbalance between one moment being up and the next down? Or is it the politics and legal matters that seem to never get solved in a way that favors operators who are true patrons of the industry?

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New Orange County location will host grand opening celebration Friday, October 25 th TALLAHASSEE, Fla. , Oct. 18, 2024 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the opening of a new medical cannabis dispensary in Orlando, Florida.

Trulieve to Open Medical Cannabis Dispensary in Orlando, Florida

Grand opening celebrations scheduled for Friday, October 18 th TALLAHASSEE, Fla. , Oct. 15, 2024 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the opening of new Florida medical cannabis dispensaries in Bonita Springs and St. Augustine.

Trulieve to Open Florida Medical Cannabis Dispensaries in Bonita Springs and St. Augustine

TALLAHASSEE, Fla. , Oct. 14, 2024 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., will hold a conference call on Tuesday, November 5, 2024 at 8:30 AM Eastern Time following the release of its third quarter 2024 financial results.

Trulieve Cannabis Corp. to Hold Third Quarter 2024 Results Conference Call on November 5, 2024

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The US cannabis industry is projected to grow significantly, with estimates suggesting it could reach $45.9 billion by 2025. This increase comes as more states legalize cannabis for both medical and recreational use. In recent weeks, news surrounding federal cannabis legalization has sparked renewed interest in marijuana stocks. Recent headlines include a push for reclassifying cannabis from a Schedule I drug, which would open doors for broader legalization. This development has provided momentum for many cannabis companies, causing their stocks to rise. As the industry evolves, it presents a wealth of opportunities for investors.

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Investors are keen to see who will be the top cannabis company to show record earnings. Or at the very least increased amounts of revenue or business ventures that can yield those results. Still, many feel the cannabis sector is one for those who want to be a part of an emerging space. Most investors see this and are looking for top marijuana stocks to buy for future gains. It is safe to say the industry is going through another moment of turmoil and growth.

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The US cannabis industry continues to grow rapidly, driven by increasing legalization and consumer demand. As of 2024, 39 states have legalized medical marijuana, and 23 allow recreational use. The industry is projected to reach $50 billion in market value by 2028, reflecting strong future growth. Recent headlines highlight ongoing federal discussions about decriminalizing marijuana, which could lead to broader opportunities for cannabis businesses. As investors watch these developments, identifying the top marijuana stocks is essential for capitalizing on the market's potential. However, understanding industry trends and regulations is equally important.

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TALLAHASSEE, Fla. , Oct. 1, 2024 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL ) (OTCQX: TCNNF ) ("Trulieve" or "the Company"), a leading and top-performing medical marijuana company in the U.S., today announces a partnership with Black Buddha Cannabis, a purpose-driven and women-owned medical marijuana brand.

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Nobody, not even those living under a rock, are unaware of the current election cycle, with a new president set to be elected this November.

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Marijuana stock investors are always looking for new market opportunities. Now could be a good time to take profits and pick up even more shares. With the impact of cannabis politics and the presidential race most of the cannabis sector has been even more volatile. Inside the cannabis industry, there is another push to pass federal reform and work on other regulatory concerns.

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New Pasco County location will host grand opening celebration Friday, September 27 th TALLAHASSEE, Fla. , Sept. 23, 2024 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., announced the opening of a new medical cannabis dispensary in Hudson, Florida.

Trulieve to Open Medical Cannabis Dispensary in Hudson, Florida

In 2024, the US cannabis industry has continued to experience rapid growth, with marijuana stocks posting significant year-to-date gains. The US cannabis market was valued at $13.2 billion in 2023 and is expected to reach $42 billion by 2025. Recent news about federal legalization efforts, particularly the SAFE Banking Act, has fueled investor optimism. This act would allow cannabis businesses to access traditional banking services, a significant hurdle in the industry. As states continue to legalize recreational and medical marijuana, the market is poised for further expansion.

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Initiating coverage on Trulieve Cannabis with a "Buy" rating, driven by potential regulatory catalysts and strong fundamentals, over a 24-month investment horizon. Florida's potential legalization of recreational cannabis and cannabis rescheduling to Schedule III are key growth catalysts, with significant revenue implications. Trulieve's strong financials, including robust EBITDA margins, low leverage, and healthy cash flow, support growth despite regulatory uncertainties.

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