Trulieve Cannabis Corp Stock Price, News & Analysis

Trulieve Cannabis Corp. has opened a new adult-use dispensary in Sierra Vista, Arizona, on October 1, 2022. The dispensary operates daily from 9 a.m. to 7 p.m.. Grand opening celebrations are scheduled for October 8, featuring giveaways, discounts, and community events. Trulieve, a leading cannabis company in the U.S., emphasizes high-quality products and customer service. The company entered the Arizona market in October 2021 through the acquisition of Harvest Health & Recreation, expanding its footprint in the state.

Trulieve Cannabis Corp. has announced a partnership with Wiz Khalifa to launch Khalifa Kush premium medical cannabis products in Florida. The official launch is scheduled for October 1, 2022, at select dispensaries. Khalifa will personally meet patients at three locations in South Florida, offering unique shopping experiences and chances to win Khalifa Kush merchandise. The product line aims to enhance patient experiences with high-quality cannabis products, furthering Trulieve's market presence in Florida and beyond.

Trulieve Cannabis Corp. has announced the grand opening of its new medical cannabis dispensary in Milton, West Virginia, on September 24, 2022. The dispensary will operate daily from 10 a.m. to 8 p.m. and offer a 25% discount to registered patients during the opening festivities. Trulieve provides a wide range of THC and CBD products, including flower and concentrates, aiming to enhance patient care in the region. The company currently operates multiple dispensaries across West Virginia and plans to open another location in Huntington by year-end.

Trulieve Cannabis Corp. announced that it has been awarded a Class 1 production license by the Georgia Access to Medical Cannabis Commission. This license allows Trulieve GA, Inc. to offer a variety of low-THC oil products to medical cannabis patients across Georgia. The company plans to establish an initial allocation of five dispensaries and is constructing an indoor cultivation facility in Adel, Georgia. This development aims to strengthen Trulieve's market presence in the Southeast and fulfill the growing demand for medical cannabis in the state.

Trulieve Cannabis Corp. (CSE: TRUL, OTCQX: TCNNF), a leading U.S. cannabis company, will participate in several key events in September 2022. CEO Kim Rivers is confirmed to speak at the 3rd Annual Needham Virtual Cannabis Conference on September 7, the Benzinga Cannabis Capital Conference on September 13, and the Wolfe Research Fall Consumer Conference on September 22. These engagements aim to enhance investor relations and showcase Trulieve's market leadership.

Trulieve Cannabis Corp. has opened a new medical dispensary in Auburndale, Florida, enhancing patient access to medical cannabis. The dispensary, located at 2003 US Hwy 92, opened its doors on August 16, 2022, with regular hours from 9 a.m. to 9 p.m. daily. Grand opening festivities feature discounts, giveaways, and food trucks. Registered patients enjoy a 25% discount, while first-time visitors receive a 50% discount. As a leading cannabis provider, Trulieve aims to deliver high-quality care and has a diverse range of products available for patients.

Trulieve Cannabis Corp. (OTCQX: TCNNF) reported Q2 2022 financial results, showcasing a 49% year-over-year revenue increase to $320.3 million, with retail revenue up 3% sequentially. Despite a net loss of $22.5 million, there was a 30% sequential improvement. Adjusted EBITDA rose by 17% to $111 million, representing 35% of revenue. The company is adjusting its 2022 revenue guidance down to $1.25-$1.3 billion due to market conditions. Operationally, Trulieve opened new dispensaries and expanded product lines while navigating economic challenges.

Trulieve Cannabis Corp. has opened its first Trulieve-branded dispensary in Arizona on August 2, 2022, located in downtown Phoenix's Roosevelt Row neighborhood. The dispensary operates daily from 8 a.m. to 10 p.m. and aims to serve the local community with a wide variety of cannabis products, including popular brands from both Trulieve and partner brands. The opening event featured a ribbon cutting ceremony attended by key executives, along with community activities like food trucks and special discounts. Trulieve continues to expand its presence after acquiring Harvest Health & Recreation in 2021.

Trulieve Cannabis Corp. will hold a conference call on August 10, 2022, at 8:30 AM Eastern Time to discuss its second quarter 2022 financial results. Key executives including Chairman Kim Rivers, CFO Alex D'Amico, and President Steve White will present the financial and operating results. Interested participants can join the call by dialing the provided numbers, and a live audio webcast will also be available. Trulieve operates in 11 states, focusing on growth in retail and distribution. The company is listed as TCNNF on OTCQX.