Trulieve Cannabis Corp Stock Price, News & Analysis

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has announced the opening of a new medical cannabis dispensary in New Port Richey, Florida. The grand opening celebration is scheduled for Friday, August 16th, featuring music, specials, discounts, and patient education opportunities. Located at 7002 State Rd 54, the dispensary will operate Monday through Saturday from 9 a.m. to 8:30 p.m. and Sundays from 11 a.m. to 8 p.m.

The new location will offer a wide variety of products, including Trulieve's in-house brands and exclusive partner brands. Trulieve continues to expand its presence in Florida, offering home delivery, online ordering, and in-store pickup options. The company also provides a 20% discount for veterans and a 60% discount for first-time customers.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading U.S. cannabis company, has announced its participation in the Canaccord Genuity 44th Annual Growth Conference on August 14, 2024. Christine Hersey, Vice President of Investor Relations, will represent Trulieve in a fireside chat and investor meetings. This event participation underscores Trulieve's commitment to engaging with investors and industry professionals.

Investors and interested parties can find more information about Trulieve's events, including links and slide presentations, on the company's investor relations website at https://investors.trulieve.com/events. This announcement highlights Trulieve's proactive approach to investor relations and its efforts to maintain transparency with shareholders.

Trulieve Cannabis Corp. reported strong Q2 2024 results, exceeding quarterly guidance. Key highlights include:

• Revenue of $303 million, up 2% sequentially and 8% year-over-year
• Gross margin of 60%
• EBITDA of $88 million (29% of revenue)
• Adjusted EBITDA of $107 million (35% of revenue)
• Generated $71 million in operating cash flow and $45 million in free cash flow
• Ended quarter with $356 million cash

The company launched adult-use sales in Ohio at three locations and opened new dispensaries in Florida and Pennsylvania. Trulieve now operates 206 retail locations across the U.S. Management noted the company is well-positioned for upcoming growth catalysts given its financial performance and scale in key markets.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) marked the launch of adult use cannabis sales in Ohio on August 6, 2024. The company celebrated by reserving its first online order, which was picked up at their Westerville location. Trulieve's CEO, Kim Rivers, expressed pride in serving both medical patients and new adult use customers as Ohio's cannabis market expands.

The first adult use sale included a variety of products such as flower, vape cartridge, concentrate, and edibles. Trulieve operates three dispensaries in Ohio, located in Beavercreek, Columbus, and Westerville, offering a wide range of cannabis products including capsules, edibles, flower, tinctures, and topicals.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has announced the launch of adult use cannabis sales in Ohio on Tuesday, August 6th. The company will begin adult use sales at its dispensaries in Beavercreek, Columbus, and Westerville. This move follows a successful ballot initiative last year that legalized recreational cannabis use in Ohio.

CEO Kim Rivers expressed excitement about being among the first operators to launch adult use sales in the state, emphasizing Trulieve's commitment to maintaining excellent service for existing medical patients while welcoming new adult use customers. The company's Ohio dispensaries offer a wide range of products, including capsules, edibles, flower, tinctures, and topicals from popular brands.

Trulieve Cannabis Corp. (OTCQX: TCNNF) has launched a new product line called #YesOn3 to support the ballot initiative for legalizing adult cannabis use in Florida. The products, available from July 30, include two new cannabis strains: 'Yo3' (a collaboration with Sunshine Cannabis) and 'Yon3' (Trulieve-specific). The #YesOn3 line features pre-rolls, flower, gummies, and vape cartridges.

CEO Kim Rivers emphasized the importance of giving Florida adults access to regulated cannabis products. Trulieve's proceeds from these specialty products may support Amendment 3. The company is also offering #YesOn3 yard signs at Florida retail locations from August 2. Trulieve continues to provide home delivery, online ordering, and in-store pickup across Florida, with special discounts for veterans and new customers.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) is set to open a new medical cannabis dispensary in Ocala, Florida, marking its second location in Marion County. The grand opening celebration is scheduled for Friday, August 2nd, starting at 9 a.m., featuring music, specials, discounts, and educational opportunities. Located at 9070 SW State Rd 200, the dispensary will operate Monday through Saturday from 9 a.m. to 8:30 p.m., and Sundays from 11 a.m. to 8 p.m.

The new Trulieve location will offer a wide range of products, including in-house brands and exclusive partner brands. Customers can benefit from home delivery, online ordering, and in-store pickup options. Veterans receive a 20% discount, while first-time customers are eligible for a 60% discount at any Florida Trulieve location.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced the opening of a new medical marijuana dispensary in Wilkes-Barre, Pennsylvania. The location at 1000 Wilkes Barre Township Boulevard will begin operations on July 12, 2024, with a grand opening event featuring a ribbon cutting, giveaways, and special discounts. This expansion aims to improve access to medical marijuana for patients in Wilkes-Barre and Luzerne County. Trulieve's CEO, Kim Rivers, emphasized the convenience and enhanced access for patients. The new dispensary joins other Trulieve-affiliated locations across Pennsylvania, including in Camp Hill, Philadelphia, Pittsburgh, and more. Operating hours will be 9 a.m. – 8 p.m. Monday through Saturday, and 10 a.m. – 6 p.m. on Sundays. More details are available on Trulieve's website and social media platforms.

Trulieve Cannabis Corp. (TCNNF) is set to open a new medical cannabis dispensary in Gulf Breeze, Florida, with a grand opening on July 12, 2024. The event will feature music, specials, discounts, and patient education opportunities, including information about the Florida ballot initiative for adult use. The dispensary, located at 3271 Gulf Breeze Pkwy, will operate Monday through Sunday, offering walk-in and express pickup services. Trulieve's Gulf Breeze location will provide an assortment of in-house and partner brand products. Veterans receive a 20% discount, and new customers get a 60% discount on their first order. The company supports convenient online ordering and home delivery across Florida.