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MarketScreener Homepage  >  Equities  >  CANADIAN NATIONAL STOCK EXCHANGE  >  Trulieve Cannabis Corp.    TRUL   CA89788C1041

TRULIEVE CANNABIS CORP.

(TRUL)
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Trulieve Cannabis : Opens in Longwood Continues Expansion Across Florida

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08/20/2020 | 09:02am EDT

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ('Trulieve' or 'the Company'), a leading and top-performing cannabis company based in the United States, announced today the opening of its latest Florida dispensary.

Starting on Thursday, August 20th, Longwood will be home to the Company's 58th dispensary nationwide and 56th in Florida.

It will be the Company's first dispensary in Seminole County. Situated in the southwest corner of Longwood, the dispensary supports Trulieve's goal of expanding and ensuring direct, reliable patient access to medical cannabis across its homestate of Florida. It also joins the Company's 55 other dispensaries statewide, including several throughout nearby Orlando.

'We're constantly looking for ways to better serve our patients in Florida, and providing continued focus on expanding access statewide is a major part of that. Opening our first Trulieve location in Seminole County allows us to better connect with our Trulievers and deliver the customer experience and quality products they have come to rely on. We're thankful to our incredible Truliever community for their continued support to make this possible,' said Trulieve CEO Kim Rivers. 'At our core is compassionate care for all and we're looking forward to continuing to provide that to Florida's patients for years to come.' To commemorate the brand-new dispensary, all patients - from those new to Trulieve to the strong Truliever community - will be eligible for a 25% in-store discount at the Longwood location on opening day.

To assist patients with ordering, Trulieve has made our entire catalog of products available for online ordering, with instore pickup, curbside pickup (at select locations), or statewide home delivery options available. Furthermore, to assist with CDC recommendations for social distancing and in compliance with additional company-enforced safety guidelines, several measures have been taken to ensure the health and well-being of employees and patients, including modifying the store layout, installation of plexiglass partitions and HEPA air filtration scrubbers in the dispensaries, increasing access to masks and sanitizer throughout the store for staff and visitors, utilizing visual aids to direct traffic throughout the store, and increasing the frequency of deep cleanings for all dispensaries. Trulieve is closely monitoring the coronavirus situation and will update store policies as needed to ensure the safety of patients and staff; all updates will be shared directly on Trulieve's website as they are enacted. As the state's leading medical cannabis provider, Trulieve's employees are experienced, knowledgeable, and eager to help patients. Trulieve encourages potential patients, as well as patients who are new to cannabis and to our wide array of products, to connect with the staff in-store or through the online chat feature to learn more. In stores and online, patients will find Florida's largest selection of THC and CBD products, available in a variety of delivery methods, including smokable cannabis, concentrates, tinctures, topical creams, vaporizers, and more. Trulieve also offers home delivery statewide for patients, and convenient in-store pick-up at its 55 dispensaries in locations across the state from Pensacola to Key West. The Office of Medical Marijuana Use recently announced the registry was steadily approaching 400,000 registered medical marijuana patients with an active ID card, with Trulieve consistently selling approximately half of the state's overall volume, per the Florida Department of Health. To support the state's rapidly growing patient base, there are more than 2,500 registered ordering physicians in the State of Florida.

About Trulieve

Trulieve is a vertically integrated 'seed-to-sale' company and is the first and largest fully licensed medical cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve-branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery. Trulieve also operates in California, Massachusetts, and Connecticut. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF.

Contact:

Tel: (850) 480-7955

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials (USD)
Sales 2020 491 M - -
Net income 2020 67,9 M - -
Net cash 2020 72,9 M - -
P/E ratio 2020 36,0x
Yield 2020 -
Capitalization 2 765 M 2 769 M -
EV / Sales 2020 5,48x
EV / Sales 2021 3,53x
Nbr of Employees 3 350
Free-Float 29,3%
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 12
Average target price 33,03 $
Last Close Price 21,70 $
Spread / Highest target 93,0%
Spread / Average Target 52,2%
Spread / Lowest Target 22,2%
EPS Revisions
Managers
NameTitle
Kim Rivers Chairman & Chief Executive Officer
Alex D’Amico Chief Financial Officer
Jason Pernell Chief Information Officer
Thad Beshears Director
George Hackney Independent Director
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