beta - fireinvestment.io logo beta - fireinvestment.io logo Home Markets News Resources Burn it

Burn it
ENG
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLE
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
XCG
ZWL
ZWG
 Login Register

Vuk Zdinjak 2023-03-06 18:07:21

This Cannabis Company Will Likely Beat Q4 Estimates Says Analyst - Trulieve Cannabis (OTC:TCNNF)

This Cannabis Company Will Likely Beat Q4 Estimates Says Analyst - Trulieve Cannabis (OTC:TCNNF)

Trulieve Cannabis Corp. TCNNF TRUL will release its fourth quarter and full year 2022 financial results on March 8, 2023. Launched SLANG Worldwide Inc.'s SLGWF vape brand and O.pen in West Virginia. O.pen products will be sold in Trulieve's nine West Virginia retail shops and through its wholesale network of 40 dispensaries throughout the state, with this number continuing to grow as demand builds. Started adult-use cannabis sales at its hybrid (medical and adult-use) dispensary in Bristol, Connecticut, and recently relocated to 820 Farmington Ave. Launched Highsman in Arizona, which is a cannabis lifestyle brand founded by NFL legend Ricky Williams. Highsman is available statewide in all Trulieve and Harvest branded Arizona retail locations. Updating its model ahead of Q4 financial results, Cantor Fitzgerald's Pablo Zuanic maintained an 'Overweight' rating on Trulieve's stock, reducing the price target from $51 to $41. The analyst lowered the price target to address sectoral derating. Zuanic estimates that Florida accounts for more than 60% of Trulieve sales, while Arizona is about 20%. Florida Q3 was affected by hurricanes. Trulieve opened its 20 store in Arizona in October and as per Headset total market sales were up 2% sequentially in Q4 in Arizona. "In short, we believe a beat is likely; we model ~$314 million in sales. Right, not a significant beat, but a decent beat given the context. In terms of the year ahead, we understand the focus is on efficiencies and cash flows. We believe the next big catalyst for the stock is the momentum on rec making it to the 2024 ballot," said Zuanic who is a speaker at April's Benzinga Cannabis Capital Conference in Miami. Trulieve shares were trading 1.11% higher at $6.57 per share at the time of this writing late Monday morning. Meet Pablo Zuanic at the most successful cannabis business event in the world -the Benzinga Cannabis Capital Conference. This is the place where DEALS GET DONE, where money is raised, M&A starts, and companies meet investors and key partners. Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11-12. Don't miss out. Secure your tickets now before prices go up.

Most Read News

Get Crypto Newsletter
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.