Tired of these massive losses?Trulieve has consistently been profitable for 5 straight quarters. Fully integrated servering less than 300,000 customers yet they are on pace to surpass the largest Canadian LPs serving over 30,000,000 potential customers in net revenue. They actually care about their share holders recently raising over 140 million usd with less than 4 million shares of dilution.
Looking forward to the breath of fresh air on Monday when they release their earnings, hopefully it will restore some confidence in this sector. The expansion was way to fast for the available retail space to sell the product for all major Canadian companies in this sector. Why produce so much product if there is no where to sell it?
Canopy is especially in trouble on pace to bleed out 1.2 billion in cash over the next 12 months. There is still hope for this industry, but unfortunately it means investing in companies south of the boarder. I'll be back in about a year, once all of the layoffs and downsizing happens in these large canadian LP. They need to stop the bleeding and find a way to make a profit.