RE:RE:TRULIEVE - Kim Rivers Interview How would tariffs between the USA and China affect the sales of medical cannabis in Florida?
Any reasonable investor would realize stocks like this one are kind of a safe haven from other companies that might be heavily impacted by tariffs. Although there will likely be some turmoil in the broad market short term, the companies that are directly impacted by the tariffs will take the brunt of any major decline.
We are majorly profitable, we will have a minimum of 20% revenue growth every quarter for several years to come, without interstate expansion. There is a likelihood of softening laws in the industry that will potentially multiply that growth like the allowing the sale of flower. We are vastly undervalued compared to peer LP that are sheer gambles on potential future growth at the cost of mass debt and dilution of their companies for more rapid expansion growth.
Many of the current LP will fall over time as this industry develops, and it's a good bet to put your money where there is major profit and sustainable growth and a business plan to increase that profit. I feel rather comfortable holding this one even if the market does drop.
Just wait for the future opportunity of buying some of the bankrupt companies that have dumped 100's of millions into infrastructure. TRUL will have the cash to buy those companies at pennies on the dollar to grow their successful, profitable businesses elsewhere. What better CEO to have than high profile lawyer to help navigate the ever changing laws from region to region.
WorkingGolfer wrote: Go Kimmy baby. Set your stops in the morning. U.S. taxing Chinese imports, creating huge tension. Just a warning.