Trulieve Cannabis Corp Stock Price, News & Analysis

Trulieve Cannabis Corp. has launched a series of expungement clinics in Florida, Georgia, and Massachusetts to celebrate the 50th anniversary of 420. These initiatives include clinics hosted by Minardi Law and partnerships with Minorities for Medical Marijuana, providing legal assistance for record sealing and expungement. Key events include Releaf Patient Appreciation Day on April 17 and a 4/20 Expungement Clinic on April 24. Additional support is provided for legal fees and court costs, emphasizing Trulieve's commitment to community improvement.

Trulieve Cannabis Corp. has acquired Solevo Wellness West Virginia LLC for $650,000, securing three dispensary permits in West Virginia. The deal includes an upfront payment of $150,000 in cash and $500,000 in subordinate voting shares. This transaction enhances Trulieve's presence in the West Virginia market, allowing the company to operate a total of nine dispensaries in the state. The acquisition is subject to West Virginia state regulatory approval and customary conditions.

Trulieve Cannabis Corp. has opened its 84th dispensary, marking its first location in Dunedin, Florida, on April 8, 2021. This new outlet aims to provide direct access to medical cannabis for local patients, joining the company’s 79 existing locations in Florida. Trulieve is offering a 25% discount for patients on opening day. There are over 520,000 registered medical marijuana patients in Florida, with Trulieve consistently capturing about half of the state's sales volume. The dispensary will follow strict health guidelines to ensure patient safety.

Trulieve Cannabis Corp. announced a public offering of 4,400,440 subordinate voting shares in the U.S. and Canada, with an option for underwriters to purchase an additional 660,066 shares. The offering is managed by Canaccord Genuity LLC, subject to market conditions and regulatory approvals. Net proceeds will primarily fund business development and general working capital. The registration statement with the SEC is pending effectiveness, and the shares will be offered across Canada, excluding Quebec.

Trulieve Cannabis Corp. has opened its 83rd dispensary in Sebring, Florida, marking a significant expansion in patient access to high-quality medical cannabis. This location is notable as it is the first dispensary in Highlands County. The opening aims to provide better access to medical cannabis as the patient registry surpasses 500,000 in Florida. On opening day, Trulieve will offer a 25% discount for all patients. The new dispensary also supports Trulieve's commitment to education and resources in the community.

Trulieve Cannabis Corp has elevated Eric Powers to Chief Legal Officer and appointed Ronda Sheffield as Chief Human Resources Officer, Zachary Kobrin as General Counsel, and Aaron Lopez as Director of Government Affairs, effective March 15, 2021. These appointments aim to strengthen Trulieve's legal, HR, and government affairs capabilities to better support its national expansion strategy as a leading cannabis brand. With a focus on growth, the new leadership team is poised to enhance organizational effectiveness and compliance within the evolving cannabis industry.

Trulieve Cannabis Corp (OTC: TCNNF) has partnered with Morehouse School of Medicine to advance cannabis research and education. This collaboration will focus on medical cannabis-related research, including a real-world data registry and cannabinoid receptor genetics. Trulieve aims to develop personalized medical cannabis treatments, employee career fairs, and educational offerings. The partnership marks a significant step in understanding cannabis’s potential and effectiveness in medical applications.

Trulieve Cannabis Corp. (OTCQX: TCNNF) has opened two new dispensaries in Central Florida, located in Clearwater and Tampa, marking its 81st and 82nd locations nationwide. These dispensaries provide access to Florida's largest range of medical cannabis products, enhancing patient accessibility. Trulieve now operates 77 dispensaries in Florida. To celebrate the openings, a one-day 25% discount is available for all patients. The company emphasizes safety measures in compliance with health guidelines and has witnessed a growing patient registry nearing 500,000 in Florida.

On February 26, 2021, Trulieve Cannabis Corp (OTC: TCNNF) announced a partnership with the Thurgood Marshall College Fund (TMCF), committing $20,000 for scholarships and $15,000 for internship support. This initiative aims to enhance diversity, equity, and inclusion by providing opportunities for students at Historically Black Colleges and Universities. CEO Kim Rivers emphasized Trulieve's commitment to educational equity, while TMCF expressed gratitude for the support aimed at reducing financial barriers for students pursuing higher education.