Shares of Trulieve Cannabis Corp (OTCMKTS:TCNNF) continue to demonstrate
clear relative strength in the cannabis space, with the stock vaulting as higher
as $16/share in the previous week on steadily rising volume. To make matters
much more fascinating, the enterprise just announced that it has signed an agreement
with California-primarily based Blue River Extracts & Terpenes to bring their
award-winning terpene extracts and other trademark branded solutions to
Florida’s expanding patient base.
According to the release, “Blue
River is an sector-major cannabis enterprise that has focused on the
improvement of complete spectrum solvent-significantly less cannabis derived terpenes and started
using terpenes with sophisticated mechanical extraction strategies to produce an
array of award winning branded solutions which includes, Rosin, Dry Sift Sap, Vape
Cartridges, CBD Crystalline, Rosin Sauce, THCa, Flan, and Jelly, which earned
them more than 50 cannabis awards to date. Blue River continued to shape the
landscape of the cannabis sector by way of their proprietary solvent-significantly less
extraction technologies and helped to popularize complete-spectrum solvent-significantly less
solutions with the use of cannabis derived terpenes.”
Trulieve Cannabis Corp
(OTCMKTS:TCNNF) promulgates itself as a enterprise that, by way of its subsidiary,
Trulieve, Inc., engages in the cultivation, possession, distribution, and sale
of health-related cannabis in the United States.
It provides a suite of Trulieve
branded solutions with roughly 125 SKUs, which includes nasal sprays, capsules,
concentrates, syringes, and cannabis flower in tamper-proof containers for
vaporizers, topical creams, tinctures, and vape cartridges.
The enterprise distributes its
solutions to Trulieve branded shops (dispensaries) in Florida, as properly as requires
orders on line and by telephone for delivery. As of November 20, 2018, the enterprise
operated 21 dispensaries. Trulieve Cannabis Corp. is headquartered in Quincy,
According to enterprise components,
“Trulieve is a vertically integrated “seed to sale” enterprise and is
the initially and biggest completely licensed health-related cannabis enterprise in the State of
Florida. Trulieve cultivates and produces all of its solutions in-home and
distributes these solutions to Trulieve branded shops (dispensaries) all through
the State of Florida, as properly as straight to individuals through dwelling delivery.
Trulieve is listed on the Canadian Securities Exchange below the symbol TRUL.”
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As noted above, TCNNF just announced that it has signed an agreement with California-primarily based Blue River Extracts & Terpenes to bring their award-winning terpene extracts and other trademark branded solutions to Florida’s expanding patient base. Traders will note 27% piled on for shareholders of the listing in the course of the trailing month.
In addition, the enterprise has
registered enhanced typical transaction volume not too long ago, with the previous month
seeing a bit significantly less than 120% more than the lengthy run typical. This need to not be
overlooked with the stock trading on a float that is tight at just 13.3M
“Blue River has genuinely set
the normal for innovation and excellence with their terpene technologies,
producing solutions that are higher-high-quality and one particular-of-a-sort. Their dedication to
high-quality, excellence, and standardization has changed the landscape of the
cannabis marketplace and matches Trulieve’s personal dedication to the identical
requirements,” mentioned Trulieve CEO Kim Rivers. “Their solutions are an
powerful, dependable selection for individuals searching for relief in revolutionary
Now commanding a marketplace cap of $1.66B, TCNNF has a considerable war chest ($54.5M) of money on the books,
which is balanced by about $29.9M in total present liabilities. One particular need to also
note that debt has been expanding more than current quarters. TCNNF is pulling in trailing
12-month revenues of $89.4M. In addition, the enterprise is seeing significant prime-line
development, with y/y quarterly revenues expanding at 2886.three%. As much more colour becomes
clear on the name, we will critique the predicament and update our take. Sign-up for continuing coverage on shares
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Disclosure: we hold no position in $TCNNF, either lengthy or
quick, and we have not been compensated for this report.