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Trulieve Cannabis: Worthy Investment Despite Ambiguity On Federal Legalization

Feb. 01, 2022 9:05 PM ETTrulieve Cannabis Corp. (TCNNF)18 Comments
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Juxtaposed Ideas


  • Trulieve Cannabis Corp. (TCNNF) has the bragging rights as the largest retailer of medical and recreational cannabis with 159 dispensaries in the US.
  • Trulieve has been reporting profitability with a steady EBITDA margin in the range of 45% since FY2017. In FQ3'21, the company reported impressive revenue of $224.09M and EBITDA of $91.5M.
  • Despite the intense competition in the cannabis industry, we expect Trulieve to perform well as the market leader, given the growing demand for medical and recreational use in the US.
  • We believe there are still massive tailwinds to Trulieve's growth, regardless of the lack of nationwide federal legalization of cannabis.

Large Number of Cannabis Seedlings in Pots

kmatija/E+ via Getty Images

Investment Thesis

Trulieve Cannabis Corp. (OTCQX:TCNNF) is the largest retailer of medical and recreational cannabis with 159 dispensaries in selected states in the US, including Florida, California, Massachusetts, Connecticut, Pennsylvania, and West Virginia. With an EBITDA margin in the range of

Trulieve Long Term Debt and Share Dilution

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Trulieve Revenue and Net Income

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Trulieve Projected Revenue and Net Income

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Trulieve EV/Fwd Revenue

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This article was written by

Juxtaposed Ideas profile picture
I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.Prior to Seeking Alpha, I worked as a professionally trained architect in a private architecture practice, with a focus on public and healthcare projects. My qualifications include:- Qualified Person with the Board of Architects, Singapore.- Master's in Architecture from the National University of Singapore.- Bachelor in Arts from the National University of Singapore.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.

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