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Trulieve Cannabis ( (TSE:TRUL) ) has provided an update.
Trulieve Cannabis Corp. announced the opening of a new dispensary in Findlay, Ohio, operated by Harvest Grows LLC under a licensing agreement. This expansion marks Harvest Grows’ third location in Ohio and aims to serve both adult-use customers and medical patients with premium cannabis products. The new location will enhance Trulieve’s presence in Ohio, offering a wide range of cannabis products and supporting its growth strategy in the U.S. market.
The most recent analyst rating on (TSE:TRUL) stock is a Hold with a C$14.00 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 driven by strong technical momentum and positive earnings call highlights, despite challenges in profitability and valuation concerns. The company’s revenue growth and cash flow improvements are notable, but net losses and pricing pressures weigh on the overall score.
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 diverse range of high-quality cannabis products to enhance customer experiences and accessibility.
YTD Price Performance: 58.51%
Average Trading Volume: 201,629
Technical Sentiment Signal: Buy
Current Market Cap: C$2.6B
See more insights into TRUL stock on TipRanks’ Stock Analysis page.