TCNNF In Barrons August 30th Did anyone post this?
https://www.barrons.com/articles/us-marijuana-stock-picks-51567176413
Why the Future of Marijuana Stocks Is American, Not Canadian, According to an Analyst
Barron’s August 30, 2019
So you like Trulieve?
Yes, that’s another favorite. It was one of the first companies to open dispensaries in Florida in 2016, so it had almost 90% market share. Even after competitors have opened over 100 stores, Trulieve still has more than a 50% share on a dollar basis.
Does Trulieve operate outside of Florida?
They have acquired the holder of a provisional license in Massachusetts, where they plan to open three stores in the recreational channel. Given the kind of growth coming from the Massachusetts recreational market, it’s going to be a nice state for Trulieve. They’ve also got a small footprint in Connecticut and a retail store in California.
Trulieve’s last quarterly results were incredibly strong. I forecast $400 million in revenue for 2020. They’ve not gotten a fair valuation. The stock is trading below 6 times their 2020 Ebitda of $146 million; other large players are 9 to 11 times. The stock is $8 today. My target for Trulieve is $22.50, using a 17½ multiple.hps://www.barrons.com/arcles/us-marijuana-stock-picks-51567176413
Why the Future of Marijuana Stocks Is American, Not Canadian, According to an Analyst
Barron’s August 30, 2019
So you like Trulieve?
Yes, that’s another favorite. It was one of the first companies to open
dispensaries in Florida in 2016, so it had almost 90% market share. Even after
competitors have opened over 100 stores, Trulieve still has more than a 50%
share on a dollar basis.
Does Trulieve operate outside of Florida?
They have acquired the holder of a provisional license in Massachusetts,
where they plan to open three stores in the recreational channel. Given the
kind of growth coming from the Massachusetts recreational market, it’s going
to be a nice state for Trulieve. They’ve also got a small footprint in
Connecticut and a retail store in California.
Trulieve’s last quarterly results were incredibly strong. I forecast $400 million
in revenue for 2020. They’ve not gotten a fair valuation. The stock is trading
below 6 times their 2020 Ebitda of $146 million; other large players are 9 to 11
times. The stock is $8 today. My target for Trulieve is $22.50, using a 17½
multiplehps://www.barrons.com/arcles/us-marijuana-stock-picks-51567176413
Why the Future of Marijuana Stocks Is American, Not Canadian, According to an Analyst
Barron’s August 30, 2019
So you like Trulieve?
Yes, that’s another favorite. It was one of the first companies to open
dispensaries in Florida in 2016, so it had almost 90% market share. Even after
competitors have opened over 100 stores, Trulieve still has more than a 50%
share on a dollar basis.
Does Trulieve operate outside of Florida?
They have acquired the holder of a provisional license in Massachusetts,
where they plan to open three stores in the recreational channel. Given the
kind of growth coming from the Massachusetts recreational market, it’s going
to be a nice state for Trulieve. They’ve also got a small footprint in
Connecticut and a retail store in California.
Trulieve’s last quarterly results were incredibly strong. I forecast $400 million
in revenue for 2020. They’ve not gotten a fair valuation. The stock is trading
below 6 times their 2020 Ebitda of $146 million; other large players are 9 to 11
times. The stock is $8 today. My target for Trulieve is $22.50, using a 17½
multiple