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Trulieve's Massive Growth Potential Makes It A Strong Cannabis Pick

Apr. 05, 2021 9:19 AM ETTrulieve Cannabis Corp. (TCNNF)15 Comments
Edgestocks Research profile picture
Edgestocks Research


  • Trulieve delivered impressive results in 2020 and is well-positioned to generate strong performance in the years ahead driven by efficient operational execution and robust demand for cannabis.
  • The company's leadership in Florida's medical cannabis market, expansion into other states and additional opportunities in medical as well as recreational cannabis will boost its growth trajectory.
  • Even after the tremendous rally in Trulieve stock over the past year, I anticipate more upside backed by strong growth expectations and cannabis legalization in additional states.

American dollar bill on cannabis leaves. Concept taxation and marijuana, tax on weed, money and pot. Cannabis finance. Revenues the marijuana industry and medical industry. Economy of hemp industry
Photo by Aleksandr_Kravtsov/iStock via Getty Images

Trulieve Cannabis (OTCQX:TCNNF) delivered a splendid performance in 2020 and is poised to continue to grow rapidly given its dominance in Florida's medical cannabis market and initiatives to expand in other states. The growing

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Edgestocks Research profile picture
I am an MBA Finance with more than a decade of experience as a research analyst. I am passionate about analyzing stocks across various sectors and explore long-term investment opportunities.

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Comments (15)

Gonna take some nibbles tomorrow. Great analysis! Fun fact, I live very close to Northampton MA where Trulieve just opened their first MA store.
Edgestocks Research profile picture
@Let The Led Out thank you for reading the article
adbrothers profile picture
Thanks for the article. Could you tell me why TCNNF Gross Profit is so much higher than other pot companies? Are their growing centers that more efficient or do they sell more edibles? Just what drives their Gross Margins? They seem to be about 25 percent or more higher than any other Marijuana Retailer.
Edgestocks Research profile picture
Hi @adbrothers , thanks for reading the article. Trulieve's vertically-integrated operations (which give it more control over the supply chain and help to bring in greater efficiency), as well as its scale and dominance in Florida state, drive its superior margins.
adbrothers profile picture
@Edgestocks Research ,
Thanks Edgestocks Research, so do expect their margins to come down substantially as they move into other states or do you think they can still achieve Gross Margins 70 percent plus?
Edgestocks Research profile picture
@adbrothers the company did caution about the adverse impact on margins owing to expansion into other states where it's operations will be non- vertical and also due to the impact of different rules and regulations. But they are optimistic about enhancing their margins as they eventually ramp up their business in other states as well over a period of time. So yes based on that I do expect near term margin impact resulting from expansion beyond Florida but I still think that Trulieve's margins would be higher than peers.
Green Thumb
Harvest Health
Owen213 profile picture
and today may well be the last day you get in under 50.
Owen213 profile picture
@Owen213 I take that back, after today's offering investors wil have another chance to get in or add
@Owen213 true. You just never know. I thought we’d be well past 50 some time ago.
etailer10 profile picture
@Owen213 I don't think so....
SDLB profile picture
A +
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