Trulieve Expands Ohio Presence with New Lorain Dispensary

An update from Trulieve Cannabis ( (TSE:TRUL) ) is now available.

Trulieve Cannabis Corp. announced the opening of a new dispensary in Lorain, Ohio, operated by Harvest Grows LLC under a licensing agreement. The new location will enhance Trulieve’s presence in Ohio, offering a variety of cannabis products and services, and aims to provide exceptional customer experiences.

The most recent analyst rating on (TSE:TRUL) stock is a Buy with a C$24.00 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 demonstrates mixed financial performance, with strengths in operational recovery and challenges in profitability. While technical indicators show moderate growth potential, valuation concerns persist with negative earnings. The earnings call underscores operational strengths and strategic focus, balancing out financial uncertainties. Overall, the stock presents potential upside but requires careful consideration of risks.

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 cannabis products including capsules, edibles, flower, tinctures, and topicals.

Average Trading Volume: 153,644

Technical Sentiment Signal: Sell

Current Market Cap: C$1.16B

For an in-depth examination of TRUL stock, go to TipRanks’ Stock Analysis page.