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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Marijuana stocks stand a good chance of seeing better trading in the near future. The reason for this is that when a new year begins, the chance to enact reform starts all over. Also, with a new president set to take office, this has a huge impact on the sector and the industry as a whole, specifically in the USA. Many feel once federal reform is put into place, it will restore momentum and lessen volatility. The safer investors feel the more confident they will become to trade more often. Many at this time see cannabis stocks as a long-term play.

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Over the past month, cannabis stocks have experienced a significant pullback, leaving investors questioning the reasons behind this trend. Various factors, including regulatory uncertainty, market saturation in certain regions, and economic headwinds, have contributed to the decline. Despite these challenges, the long-term outlook for the cannabis industry remains promising. Experts predict that the global cannabis market could exceed $100 billion in annual revenue within the next five years, driven by ongoing legalization efforts and growing consumer acceptance.

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New Muscogee County location will host grand opening celebration Friday, December 20 th TALLAHASSEE, Fla. , Dec. 13, 2024 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF)  ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States, today announced the opening of a new medical cannabis dispensary in Columbus, Georgia.

Trulieve to Open Medical Cannabis Dispensary in Columbus, Georgia

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The cannabis sector's Q3 performance has been a mixed bag, but two companies stood out for their exceptional financial performance: Green Thumb Industries GTBIF and Glass House Brands GLASF.

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More people are looking for ways to invest in legal cannabis. This interest has led most marijuana stocks to learn about the various companies. Back in November, many marijuana stock companies reported their Q3 earnings, with some having strong reports. At this time, volatility lowered and the upward momentum increased for a short window. Often with how unpredictable the sector can be, there is a strong volatile presence.

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New Hillsborough County location will host grand opening celebration Friday December 13 TALLAHASSEE, Fla. , Dec. 9, 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 Tampa, Florida.

Trulieve to Open Medical Cannabis Dispensary in Tampa, Florida

The cannabis industry has experienced significant turbulence in recent months. Following years of exponential growth, driven by increasing legalization and expanding consumer acceptance, the sector is now grappling with a substantial pullback. This downturn stems from regulatory challenges, market saturation in key regions, and shifting investor sentiment. However, despite recent setbacks, the long-term growth potential remains promising.

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More marijuana stock investors are focused on long-term gains. Now, if there is a chance to make a profit sooner, that's always a win. Yet with how volatile the sector can be, with more development comes the chance for better upward momentum. As more people look for ways to invest preparation is key. If you are new to investing you should take the steps to learn the basics.

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As 2024 comes to a close, 2025 could be a big year for legal cannabis markets. The better the industry does, the better the odds are at seeing marijuana stocks lower in volatility and rise in momentum. For instance, when the demand for comprehensive reform and regulatory concerns are met this can help advance the industry in a major way. The goal for some is to see their legal market have more relaxed policies.

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The US cannabis industry continues to expand rapidly, making it an exciting sector to watch after Thanksgiving. Recent statistics highlight the industry's projected growth, with revenue expected to exceed $50 billion by 2026. Legalization efforts have also gained momentum, with over 20 states now permitting recreational use and others considering similar measures. Recent headline news includes discussions around federal legalization, which could significantly impact the market. Moreover, some lawmakers are revisiting the SAFE Banking Act to address cannabis-related financial barriers. These developments make it crucial for investors to identify stocks poised to benefit from these trends.

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The US cannabis industry continues to grow, presenting exciting opportunities for investors. According to industry analysts, it is projected to reach $41 billion by 2025. This rapid growth is fueled by increasing legalization at the state and federal levels. Recently, news about federal reform efforts has sparked optimism, especially as bipartisan support for cannabis banking reform gains momentum. Furthermore, states like Minnesota and Missouri recently passed recreational marijuana measures, adding to the list of legal markets. These developments underscore the industry's potential for substantial long-term growth. However, investing in cannabis stocks requires careful consideration. Proper risk management strategies, such as setting stop-loss orders, are essential for minimizing losses in this volatile sector.

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New Duval County location will host grand opening celebration Friday, December 6 th TALLAHASSEE, Fla. , Nov. 22, 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 Jacksonville, Florida on Saturday, November 23.

Trulieve to Open Medical Cannabis Dispensary in Jacksonville, Florida

TALLAHASSEE, Fla. , Nov. 22, 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 that several members of its executive management team and board of directors have recently made purchases of the company's subordinate voting shares, signaling their confidence in the company's growth potential and direction.

Trulieve Cannabis Corp. Announces Insider Share Purchases By Executive Leadership and Board Members

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If controversial Republican Matt Gaetz manages to win confirmation as attorney general, his tenure at the Justice Department is expected to be positive for the cannabis industry.

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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.

Trulieve Reports Third Quarter 2024 Results Ahead of Florida Adult-Use Vote

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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