Trulieve Cannabis Corp Stock Price, News & Analysis

Trulieve Cannabis Corp. announces the February launch of two proprietary cannabis brands, Roll One on February 3 and Modern Flower on February 10, in Massachusetts. Roll One offers quality cannabis at an everyday value with a variety of flower options, including a new pre-roll 4-pack. Modern Flower focuses on accessibility and innovation, featuring indoor-grown strains designed for everyday use. Both brands will be available in Trulieve dispensaries across multiple states, enhancing the company's market presence. With this expansion, Trulieve aims to cater to the growing needs of Massachusetts' cannabis consumers.

Trulieve Cannabis Corp. announced the launch of two proprietary cannabis brands, R.O. and Modern Flower, in West Virginia. R.O. will be available starting February 3, 2023, focusing on quality at value prices, while Modern Flower will be launched on February 10, 2023, aiming for accessibility and diversity in products. Both brands will feature indoor-grown cannabis, with R.O. offering various flower options, and Modern Flower catering to modern consumers with innovative products. The company sees this expansion as pivotal in enhancing its market presence and providing high-quality cannabis to customers in the growing West Virginia market.

Trulieve Cannabis Corp. is set to open a new medical dispensary in Winter Haven, Florida, at 6000 Cypress Gardens Blvd. The grand opening is scheduled for January 28, 2023, starting at 9 a.m. Regular operating hours will be 9 a.m. to 9 p.m. Monday through Saturday, and 10 a.m. to 8 p.m. on Sundays. The opening will feature various festivities, including giveaways and discounts, with registered patients receiving a 30% discount. Trulieve is committed to enhancing access to medical cannabis in Florida and offers a wide range of THC and CBD products. For first-time visitors, a 50% discount is available at any Florida location.

Trulieve Cannabis Corp. has launched Highsman, a cannabis lifestyle brand created by NFL legend Ricky Williams, available in Arizona starting January 20. This exclusive launch will be supported by a retail partnership with Harvest, allowing access to premium organically grown cannabis. Williams will participate in several meet-and-greet events at Trulieve and Harvest dispensaries from January 25-26, coinciding with the Super Bowl festivities in Arizona. The Highsman products are slated to be exclusively available until February 4. CEO Kim Rivers emphasized the brand’s alignment with Williams’ values and passion for cannabis.

Trulieve Cannabis Corp. announced the resignation of Rebecca L. Young as Vice President and Chief Accounting Officer, effective March 10, 2023. The company has appointed Joy Malivuk as her successor. Malivuk brings nearly 15 years of experience from HSN, Inc., where she held key roles in accounting and financial reporting. This leadership transition aims to ensure a smooth handover of responsibilities and maintain the company's strong market position in the cannabis industry.

Trulieve Cannabis Corp. announced its participation in several key investor conferences in January 2023. CEO Kim Rivers will be featured in fireside chats at the ICR 25th Anniversary Conference on January 10 and the Needham Growth Conference on January 11. Additionally, President Steve White will speak at the ATB Capital Markets 11th Annual Institutional Investor Conference on January 12. Trulieve is a leading cannabis company, with strong market positions in states like Florida, Arizona, and Pennsylvania, focusing on growth and innovation across its operations.

Trulieve Cannabis Corp. announced the closing of a commercial loan totaling $18.9 million for a cultivation and manufacturing facility in West Virginia. The loan features a fixed interest rate of 7.3% for the initial five years, followed by a variable rate. This financing is described as non-dilutive, which strengthens the company’s cash position as it approaches 2023. The capital will be utilized for general corporate purposes.

Trulieve Cannabis Corp. has entered into a voluntary agreement with OSHA to enhance worker health and safety at its cannabis manufacturing facilities. The settlement aims to provide better protections for workers in the cannabis industry. Trulieve will conduct a study by May 29, 2023, to evaluate whether ground cannabis dust is a hazardous chemical. The original fine of $35,219 was reduced to $14,502 as part of the agreement. Trulieve plans to implement training programs and evaluate actions to limit worker exposure to potential allergens.

Trulieve Cannabis Corp. announced a partnership with Connected Cannabis and AlienLabs, becoming the exclusive provider of Connected Branded products in Florida starting December 2022. The collaboration will feature top-shelf strains from AlienLabs, including Xeno and Kryptochronic available from December 15, and strains from Connected Cannabis, such as El Jefe and Gelonade, starting December 20. This partnership aims to enhance Trulieve's product offerings, reinforcing its position as Florida's leading medical cannabis provider.