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The latest update is out from Trulieve Cannabis ( (TSE:TRUL) ).
Trulieve Cannabis Corp. has partnered with Redemption Cannabis to launch Redemption’s purpose-driven cannabis products in West Virginia. This collaboration not only expands Trulieve’s market reach but also supports Redemption’s mission of advocating for those impacted by cannabis prohibition, offering high-quality products that symbolize meaningful change.
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’s overall stock score reflects strong revenue growth and a healthy gross margin, counterbalanced by profitability challenges and a negative P/E ratio. The mixed technical indicators add uncertainty, suggesting a cautious outlook. Improvements in financial stability and profitability are crucial for enhancing investor confidence.
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 growth and expansion through a hub strategy, offering innovative, high-quality cannabis products to enhance customer experiences and increase access to cannabis.
Average Trading Volume: 123,313
Technical Sentiment Signal: Hold
Current Market Cap: C$1.18B
For an in-depth examination of TRUL stock, go to TipRanks’ Overview page.