Read this article to find out why we think Trulieve Cannabis is a top weed stock with great potential.
Ticker: TCNNF on the OTC exchange and TRUL.CN on the CSE exchange.
Back in 2018, weed stocks were all the hype. Money poured in from all directions as investors were under the notion that larger production capacities meant more profits. As a result, companies built massive facilities and their valuations soared as the square footage increased. But then reality began to set in, and the sky-high valuations were no longer justifiable as the large companies struggled to find the demand for all their products. Weed stocks proceeded to crater as losses mounted and many have had a hard time recovering.
Trulieve Cannabis Corp. (OTCQX:TCNNF), however, bucked the trend and has seen its stock price soar. This is certainly attributable to its strong fundamentals. The stock has been profitable and free cash flow positive which is very rare for the industry.
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