RE:Just digging deeper on this very unique Gem, Nice Article Quotes from the above article regarding what had happened.
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Q2 2018 Highlights
- 16 dispensaries in operation
- 83,000 active unique patients
- Revenue grew from $15.2 million in Q1 2018 to $23.3 million in Q2 2018.
- EBITDA increased from $11.2 million in Q1 2018 to $14.3 million in Q2 2018
All of the above gives an 33.50$ CAD (Trading on CSE ((Canadian market)) price target on the stock, with current revenues around 90 millions for FY 2018, and an estimated net profit of 45 millions for the same period, the company will rapidly attract lot of newcomers in the short term, combined with ''buy and hold style'' institutional investors looking for very profitable and strong marijuana venture in protected market with large legal upside as Florida provides.
If any of theses evens would occur : a) Trulieve entering additional state b) Legalization of recreational in Florida c) Authorization to sell dried flower for medical purpose in Florida d) Patent/Intellectual property on certain of their product, one should raise the current price target significantly.
Finally, I believe that the current trend and fundamentals will naturally generate a lot of returns for shareholder. Plus, the situation can only drastically improves with pending catalyst, that are all implying positives outcomes.
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