Undervalued Stanley said the company would be in the pole position in terms of benefiting from adult use legalization in Florida, as it currently has 41 per cent of oil sales by volume in the state and 42 per cent of flower sales by volume.
Stanley said that comparatively, TRUL is one of the cheapest stocks in the sector, as it currently trades at 4.2x last quarter annualized adjusted EBITDA, representing a 42 per cent discount to the 7.3x group average. At 3.4x his 2023 EV/adjusted EBITDA forecast, TRUL is a 46 per cent discount to the 6.3x peer average.
https://www.cantechletter.com/2023/02/trulieve-cannabis-is-trading-at-a-discount-says-beacon-2/amp/