Trulieve Expands with New Dispensary in Oakland Park, Florida

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

Trulieve Cannabis Corp. announced the opening of a new medical cannabis dispensary in Oakland Park, Florida, with a grand opening event scheduled for June 28. This expansion in Broward County aims to enhance access to medical cannabis, offering a wide variety of in-house and partner brands. The new location supports Trulieve’s strategy of increasing its footprint in Florida, providing services such as home delivery and online ordering, and offering discounts to veterans and new customers.

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’ overall stock score is driven by strong revenue growth and operational improvements demonstrated in the earnings call. Despite these positives, persistent profitability issues, negative valuation metrics, and bearish technical indicators weigh heavily on the score. Improving net income and stabilizing cash flows are crucial for enhancing financial stability.

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 a hub strategy, offering a range of innovative, high-quality cannabis products under various brand names.

Average Trading Volume: 133,555

Technical Sentiment Signal: Sell

Current Market Cap: C$945.8M

Learn more about TRUL stock on TipRanks’ Stock Analysis page.