Welcome to our dedicated page for Trulieve Cannabis news (Ticker: TCNNF), a resource for investors and traders seeking the latest updates and insights on Trulieve Cannabis stock.
Trulieve Cannabis Corp. (TCNNF) generates frequent news across operations, finance, regulation, and product development, reflecting its role as a vertically integrated, multi-state cannabis operator. As an industry leading company with leading market positions in Arizona, Florida, and Pennsylvania, Trulieve’s announcements often cover expansion of its retail footprint, capital markets activity, and responses to evolving cannabis policy in the United States.
Investors and observers following Trulieve news will see regular updates on financial performance, such as quarterly results detailing revenue, gross margin, cash flow, and non-GAAP metrics like adjusted EBITDA and free cash flow. The company also issues press releases about conference calls and investor presentations, providing context on its operating strategy, retail network, and production capacity.
Trulieve’s news flow includes financing developments, such as private placements of senior secured notes, redemptions of existing debt, and related SEC filings. These items outline interest rates, maturities, security pledges, and intended use of proceeds for capital expenditures and general corporate purposes. Such updates are important for understanding the company’s capital structure and liquidity.
Operational news highlights new dispensary openings, licensing agreements, and market entries. For example, Trulieve has announced Trulieve-branded dispensaries in Ohio operated by a partner under license, as well as conditional approval for a Dispensing Organization license under the Texas Compassionate Use Program. Product-focused releases showcase new offerings, including additional flavors of Onward and Upward THC-infused beverages and other branded cannabis products.
Policy and regulatory developments also feature in Trulieve’s news, including its public support for marijuana rescheduling to Schedule III under the Controlled Substances Act. For users tracking TCNNF, this news page offers a centralized view of the company’s financial updates, expansion moves, product launches, and regulatory commentary over time.
Trulieve Cannabis Corp has announced the opening of its first dispensary in Massachusetts, located in Northampton. Approved by the Massachusetts Cannabis Control Commission, the store will open on June 3, 2021, at 3:00 p.m. The dispensary aims to serve both adult-use and medical marijuana patients and will offer a 25% discount for medical patients on opening day. Trulieve's new brands will be introduced alongside its premium cannabis products. The company’s facility in Holyoke will support the dispensary, creating 250-300 jobs.
Trulieve Cannabis Corp. will acquire Harvest Health & Recreation in a deal valued at approximately $2.1 billion. Under the agreement, Harvest shareholders will receive 0.1170 Trulieve shares for each share held, representing a 34% premium over recent prices. The transaction, which has been approved by both companies' boards, will create the largest U.S. cannabis operator with an estimated 2021 revenue of $1.2 billion and an Adjusted EBITDA of $461 million. This merger will enhance Trulieve's presence across 11 states, optimizing its retail and distribution footprint.
Trulieve Cannabis Corp. announced the opening of its 87th dispensary in Osprey, Florida, on May 6, 2021. This new facility supports Trulieve's mission to provide reliable access to medical cannabis for registered patients. The 5,300 square foot dispensary offers a variety of THC and CBD products and features a 25% discount for all patients on opening day. With nearly 550,000 registered medical marijuana patients in Florida, Trulieve continues to dominate the market by selling approximately half of the state's overall volume.
Trulieve Cannabis Corp. (OTC: TCNNF) will announce its Q1 2021 financial results on May 13, 2021, before market opening. A conference call led by management is scheduled for 8:30 AM ET to discuss these results. Interested participants can join via phone or through a live audio webcast. An archived version of the call will be available until May 20, 2021. Trulieve is a prominent cannabis company with a significant presence in the U.S., particularly in Florida, where it is the largest fully licensed medical cannabis operator.
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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.
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