October 19, 2018Total Patients: 179,027, that's the number of total patients able to purchase medical cannabis from Florida dispensaries. Last set of Trulieve financials were based on at the most 120,000 total patients. 49% more customers today than there was at the time of the last set of financials.
I noticed there are also close to 1000 more doctors referring people to the program. Fundamentally this company is sound, and will likely continue to grow around 40% each quarter dispite the recent drop in the share price on extremely low volume. How many companies in this sector will be able to post profits comparable to Trulieve? Consider the high prices for their finished value added products and brands, with extremely high profit margins in a State that is purely medical. Most other companies in this sector will not even be profitable for months perhaps even years from now.
This play will be one of the best as the picture gains more clarity, and increased exposure.