Trulieve Cannabis Corp. posted a 34% increase in third-quarter revenue amid strength in its overall business, but the company expects 2022 sales to be toward the low end of the Read more
Tag: Trulieve Cannabis Corp.
Maryland may become 20th state to OK cannabis for adults
Voters in Arkansas, Maryland, Missouri, North Dakota and South Dakota are weighing in on legal cannabis today, with measures on the ballot in each of those states. The state most Read more
Maryland, Missouri voters seen as more cannabis-friendly as pot ballots await in five states
U.S. voters in five states facing ballot questions on cannabis on election day will likely deliver divided results, according to polls. Maryland and Missouri are expected to give the green Read more
Analyst slashes revenue outlook for Trulieve, Curaleaf, Canopy, Cronos as cannabis business takes a hit
Jefferies analyst Owen Bennett trimmed revenue expectations for four major cannabis names from the U.S. and Canada, but kept his ratings intact on the heels of quarterly updates from Curaleaf Read more
Trulieve trims view as inflation hits cannabis prospects
Trulieve Cannabis Corp. on Wednesday swung to a loss and cut its revenue outlook for the year as inflation impacted its prospects and softness in wholesale markets weighed on results. Read more
Seaport Global touts discounted cannabis stocks as a recession play
Seaport Global Securities LLC analyst Sonny Randhawa on Friday launched coverage of eight U.S. cannabis companies and assigned buy ratings to all of them as an undervalued group. He predicted Read more
Short positions ease back on cannabis stocks, but shares remain deeply in the red
Short interest in cannabis stocks has fallen in a sign that investors are placing fewer bets that the sector will weaken, according to fresh numbers this week. But cannabis stocks Read more
Cannabis debt holds up better than stocks in brutal 2022
While 2022 has been devastating for cannabis stocks amid lackluster prospects for federal legalization, debt prices in some larger U.S. cannabis companies have fared relatively well, market observers said. Curaleaf Read more