Trulieve Expands THC Beverage Line with New Flavors

The latest announcement is out from Trulieve Cannabis ( (TSE:TRUL) ).

Trulieve Cannabis Corp. has introduced five new flavors in its Onward and Upward THC-infused beverage line, reflecting the rising demand for THC beverages. These new flavors, crafted in the USA and infused with naturally derived THC and CBD, are available online and at retail locations in Florida and Illinois, enhancing consumer choice and potentially strengthening Trulieve’s market position in the cannabis beverage sector.

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 presence in Arizona, Florida, and Pennsylvania. The company focuses on retail and distribution expansion through its hub strategy, offering innovative, high-quality cannabis products to enhance customer experiences and accessibility.

Average Trading Volume: 258,360

Technical Sentiment Signal: Buy

Current Market Cap: C$1.87B

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