Globe & Mail Trulieve Cannabis Corp. (TRUL-CN)
On June 15, chairman of the board and chief executive officer Kim Rivers invested over US$1-million in shares of Trulieve. Ms. Rivers purchased 29,000 shares at a price per share of US$35.9362, increasing this specific account’s position to 77,920 shares.
According to Bloomberg, the stock has a unanimous buy recommendation from 17 analysts (15 buy recommendations and two “speculative buy” calls) and an average one-year target price of $88.79, implying the share price will more than double in value over the next 12 months.
Year-to-date, the share price is up 9 per cent.