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Trulieve Cannabis Corp C.TRUL

Alternate Symbol(s):  C.TRUL.NT.U | TCNNF

Trulieve Cannabis Corp. is a vertically integrated cannabis company. The Company has established cannabis operations in three hubs: Southeast, Northeast, and Southwest. Its three regional hubs are anchored by market positions in cornerstone states of Florida, Pennsylvania, and Arizona. The Company operates in regulated markets that require knowledge in cultivation, manufacturing, and retail. The Company utilizes various extraction techniques, including critical ethanol extraction, carbon dioxide extraction, hydrocarbon extraction, and mechanical separation. In addition, the Company owns and utilizes carbon dioxide extraction, distillation, purification and manufacturing technology that is used to produce a range of cannabis topicals and vapes featuring cannabinoids. The Company's brands include premium tier brands Avenue, Cultivar Collection, and Muse; mid-tier brands Modern Flower, Alchemy, Momenta, and Sweet Talk, and value tier brands Co2lors, Loveli, Roll One, and Trekkers.


CSE:TRUL - Post by User

Post by retiredcfon Jul 05, 2021 5:55am
155 Views
Post# 33491771

Motley Fool

Motley Fool

Trulieve Cannabis (TSXV:TRUL), CloudMD Software & Service (TSXV:DOC), and Enbridge (TSX:ENB)(NYSE:ENB) are three Canadian stocks I suggest buying in July. Here’s why.

Trulieve Cannabis

Trulieve Cannabis is a great stock to play the U.S. cannabis legalization. This company is the largest licensed operator of medical marijuana in Florida.

With a combined adjusted EBITDA of US$266 million and 2021 consensus Adjusted EBITDA of US$461 million, the company could be the most profitable cannabis company in the United States. In May, Trulieve reported a record first-quarter 2021 revenue of US$193.8 million, generating net income of US$30.1 million. On June 3, the company opened its first dispensary in the state of Massachusetts, allowing it to establish itself in a new market.

In the first quarter of 2022, the company reported first-quarter revenue of US$193.8 million — a 102% year-over-year jump. This result exceeded expectations by US$189.86 million. The net profit amounted to US$30.1 million.

Analysts on average expect the company to post earnings per share (EPS) of US$1.67 for 2022. This represents 42.7% year-over-year growth.

In addition, sales for 2022 are expected to reach US$1.25 billion — up 42% from the US$880.5 million for 2021.

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