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Trulieve Cannabis ( (TSE:TRUL) ) just unveiled an update.
Trulieve Cannabis Corp. has announced the opening of a new dispensary in Cincinnati, Ohio, operated by Harvest Grows LLC under a licensing agreement. This expansion marks a significant step in Trulieve’s growth strategy, enhancing its presence in Ohio and offering a wide range of cannabis products to both adult-use customers and medical patients. The new location will provide various services, including walk-in, express pickup, and drive-through options, contributing to Trulieve’s goal of delivering high-quality products and customer experiences.
The most recent analyst rating on (TSE:TRUL) stock is a Hold with a C$10.00 price target. To see the full list of analyst forecasts on Trulieve Cannabis stock, see the TSE:TRUL Stock Forecast page.
Spark’s Take on TSE:TRUL Stock
According to Spark, TipRanks’ AI Analyst, TSE:TRUL is a Neutral.
Trulieve Cannabis’s stock score is primarily influenced by its financial performance and technical analysis. The company faces challenges with declining revenue and profitability, but strong gross margins and improved cash flow management are positive signs. Technical indicators show bullish momentum, supporting a higher score. However, the negative P/E ratio and lack of dividend yield weigh down the valuation score, impacting the overall assessment.
To see Spark’s full report on TSE:TRUL stock, click here.
More about Trulieve Cannabis
Trulieve is a leading, vertically integrated cannabis company and multi-state operator in the U.S., with significant market positions in Arizona, Florida, and Pennsylvania. The company focuses on retail and distribution expansion through its hub strategy, offering a wide range of cannabis products including capsules, edibles, flower, tinctures, and topicals. Trulieve aims to enhance customer experiences and increase cannabis accessibility.
Average Trading Volume: 214,282
Technical Sentiment Signal: Buy
Current Market Cap: C$2.27B
For a thorough assessment of TRUL stock, go to TipRanks’ Stock Analysis page.