Trulieve Cannabis Corporation (QX) (TCNNF) Share Price

https://www.shankennewsdaily.com/2024/11/26/36452/bondi-gets-vote-of-confidence-from-trulieve/

IMO we hit 7 this week. Way oversold and undervalued. I don't expect much news this week because congress and senate are pretty much shut down.

So as I said previously, the failure of amendment 3 in FL and the coming crackdown on intoxicating hemp sold in gas stations will become more prevalent. You already have congress looking at it , as a loophole in the Farm Bill and the state legislature will surely take up this issue soon. That is why I see more Floridians getting Medical Marijuana Cards. 2k over the last week.

For the purposes of 7 CFR part 990, and as defined in the 2018 Farm Bill, the term “hemp” means the plant species

Cannabis sativa

L. and any part of that plant, including the seeds thereof and all derivatives, extracts, cannabinoids, isomers, acids, salts, and salts of isomers, whether growing or not, with a delta-9 tetrahydrocannabinol concentration of not more than 0.3 percent on a dry weight basis. Delta-9 tetrahydrocannabinol, or THC, is the primary intoxicating component of cannabis. Cannabis with a THC level exceeding 0.3 percent is considered marijuana, which remains classified as a Schedule I controlled substance regulated by the Drug Enforcement Administration (DEA) under the CSA.

Do I need to go to a medical marijuana dispensary to buy CBD products?

If the CBD item is a low-THC product derived from hemp with less than 035mg THC per serving or 2mg of total THC per package, you can buy it at any licensed retail or convenience store in Florida. CBD products with higher levels of THC must be sold through a licensed marijuana dispensary,

So basically if they aren't selling hemp derived products less than 035mg it is illegal. Look for the government to clamp down on these HEMP products in the near future. I think there is a difference that you may or may not be aware of. A THC product from Hemp is not the same as a THC product from Cannabis. I'm not sure what you're calling weed, but it's not the same product as being sold in MMTC's.

Hemp plants and marijuana plants are both the same species.

Legally, hemp is defined as a cannabis plant that contains 0.3 percent or less THC, while marijuana is a cannabis plant that contains more than 0.3 percent THC.

CBD can be derived from both hemp and marijuana plants.

Trulieve has proposed building a fourth medical marijuana dispensary in Escambia County.

The company is seeking to redevelop a space off Pine Forest Road that used to hold Wayne’s Family Diner. The approximately 3,200-square-foot, family-owned venue at 100 Loblolly Lane closed down in 2022.

False - I can walk into any of the thousands of smoke shops in Florida, or online, and buy weed legally. 

IMO it wouldn’t and this is why. Texas’s Compassionate Use Program (CUP) allows certain physicians to prescribe low tetrahydrocannabinols (THC) cannabis for medical purposes.

Low-THC comes from the plant Cannabis Sativa L. All parts of the plant and any resulting compounds, salts, resins, oils and derivatives that contain no more than 0.5 % by weight of THC are considered Low-THC. Medical use of these substances is limited to swallowing, not smoking, the prescribed dose of low-THC.

Looks like Texas may be a good place to open locations.

Like I said before the failure of Amendment 3 in FL will result in more medical patients. Last week FL OMMU indicated there were over 2k new patients added over the last week. I expect these numbers to keep climbing. This is the only legal way to get MJ in FL.

Rescheduling hearing at DEA scheduled less than two weeks away.

Pam Bondi, the former attorney general of Florida, was chosen Thursday to be the nation’s top law enforcement official by Trump just hours after Matt Gaetz withdrew from consideration in the face of Senate opposition.
Bondi is a partner at Ballard Partners, the lobbying firm that had been run by Trump's incoming chief of staff Susie Wiles and whose founder, Brian Ballard, is a top Trump fundraiser. She is co-chair of the law and justice division at the pro-Trump America First Policy Institute, which has been likened to a Trump administration in waiting.

" the incoming administration intends to follow through on reclassification, according to an official familiar with the Trump team’s plans who spoke on the condition of anonymity because he was not authorized to speak publicly." from an article I read.

Bondi is a trumplican, so what he says goes. She seems to follow the powers that be. I don't think we see any independent opposition to MJ, which is a good thing.

Senate Leader Schumer Will ‘Continue To Push’ For Marijuana Banking Bill Passage This Year, Despite ‘Republican Opposition,’ Staffer Says. Let's do it Schumer quit your damn talking and get it done.

Kim Rivers, CEO of the medical marijuana company Trulieve, which bankrolled a marijuana legalization initiative that failed to pass this month, said of Bondi on social media Thursday: “I think she is a great pick!”

Rivers noted that Bondi’s opposition to smokable marijuana, for example, was “following [then-Gov. Rick Scott’s (R)] direction on that at the time.”

Sorry folks had to pick up more at $6.

Between November 8, 2024 and November 21, 2024, Chairman and CEO Kim Rivers, Director Thad Beshears, Director Peter Healy, Director Richard May, Director Thomas Milner, Director Jane Morreau, Director Susan Thronson, Chief Marketing Officer Gina Collins, Chief Technology Officer Nilyum Jhala, Chief Production Officer Kyle Landrum, Chief Information Officer Jason Pernell, Chief Legal Officer Eric Powers, Chief Operating Officer Marie Zhang, and Vice President of Investor Relations Christine Hersey purchased a total of 72,273 shares at prices between $5.63 and $7.19 per share. These insider purchases reflect the confidence and commitment of leadership in the long-term strategic plan for Trulieve and its shareholders.

TALLAHASSEE, Fla., Nov. 22, 2024 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., announced the opening of a new medical cannabis dispensary in Jacksonville, Florida on Saturday, November 23.

More insider trading. In a recent move, Richard S. May, a director at Trulieve Cannabis (OTC:TCNNF) Corp. (CSE:TRUL), acquired 1,160 subordinate voting shares of the company. The shares were purchased at a price of $6.05 each, totaling approximately $7,018. Following this acquisition, May now holds 551,036 shares directly.

Actually after reading the back story. Bondi might now be too bad.

More insider trades. In a recent transaction, Peter Healy, a director at Trulieve Cannabis (OTC:TCNNF) Corp. (CSE:TRUL), acquired 8,130 subordinate voting shares of the company. The shares were purchased at a price of $6.05 each, amounting to a total investment of $49,186. This purchase increases Healy's total holdings to 30,625 shares. The transaction was reported in a filing with the Securities and Exchange Commission dated November 21, 2024.

Susan Thronson, a Director at Trulieve Cannabis Corp., has expanded her stake in the company by purchasing 3,968 Subordinate Voting Shares at a price of $6.3 per share, amounting to a total of $24,998. Following this transaction, Thronson's direct ownership has increased to 26,463 shares, with an additional 5,772 shares held indirectly through the Thronson Family Trust UA.

Not a good selection IMO. Trump announces Pam Bondi as new attorney general pick hours after Matt Gaetz withdraws

More insider buying.

In a recent transaction, Jane C. Morreau, a director at Trulieve Cannabis (OTC:TCNNF) Corp. (CSE:TRUL), purchased 1,235 shares of the company, amounting to a total value of $7,484. The shares were acquired at an average price of $6.06 each. Following this transaction, Morreau's total holdings in the company increased to 23,730 shares. This purchase reflects an ongoing confidence in Trulieve Cannabis, a prominent player in the medicinal chemicals and botanical products sector.

In a recent stock transaction, Thomas L. Millner, a director at Trulieve Cannabis (OTC:TCNNF) Corp. (CSE:TRUL), purchased 8,000 subordinate voting shares of the company. The shares were acquired at a price of $6.12 per share, totaling approximately $48,960. Following this transaction, Millner now holds 30,495 shares directly. This move indicates a significant personal investment in the company, reflecting confidence in Trulieve's future prospects.

I think this is coming in all states with medical MJ. It helps the industry and shuts down unregulated hemp. Ohio Lawmakers Take Testimony On Bill To Ban Intoxicating Hemp Products. While Desantis in FL cozied up to Hemp I believe the legislature will move forward on something to regulate it like they do medical MJ. They already passed one bill and now Desantis doesn't need the help of the Hemp industry.

I didn't think he could get confirmed either. We had a lot of politicians talking the talk about MJ, let's see if they put some action into their promises. Schumer hasn't done crap.

Gaetz is out, my opinion has been he was never really going to be in the position, as it was cover to let him resign from the House before the severe reprimands which could have ruined his chances of a future career. Trump also could now argue he tried to put a pot friendly guy in the office and it is other peoples fault that he cannot now fulfill his promise of cannibas reform. However............to be optomistic, perhaps the next candidate will have a clean record and be reform friendly. If you have followed Trulieve for very long, you remember there were some pretty close connections with Gaetz in the early days, something that I was never very comfortable with.

More insider buying. In a recent move, Thad Beshears, a director at Trulieve Cannabis (OTC:TCNNF) Corp. (CSE:TRUL), has purchased 7,500 subordinate voting shares of the company. The shares were acquired on November 15 at a price of $6.65 each, amounting to a total transaction value of $49,875. Following this purchase, Beshears holds 2,444,995 shares directly in the company. This transaction reflects Beshears' continued investment in Trulieve, a prominent player in the medicinal chemicals and botanical products industry.

Trulieve is working to open its third medical marijuana dispensary in Escambia County, which would be its fifth location total between Escambia and Santa Rosa counties.

Developers are seeking to convert a former 2,400-square-foot convenience store at 13121 Lillian Highway into a new Trulieve location, according to the proposal’s narrative form filed with the county.



Expansion all over the state.

As I said before, Hemp will become more regulated. While Desantis teamed up with the hemp industry to defeat the FL amendment, it appears they aren't safe from regulation. Why have a MJ market being regulated with testing etc and not have the hemp market regulated. Good for TCNNF if it happens.

https://www.marijuanamoment.net/senate-democrats-proposed-changes-to-federal-hemp-laws-could-eliminate-a-whole-range-of-products-industry-advocate-says/

Dispensary grand openings. https://investors.trulieve.com/2024-11-19-Trulieve-to-Open-Florida-Medical-Cannabis-Dispensaries-in-Dania-Beach-and-Spring-Hill

More insider buying. Kim A. Rivers, Chairman and CEO of Trulieve Cannabis Corp. and a 10% owner, purchased 7,400 Subordinate Voting Shares on November 15, 2024, at a price of $6.65 per share, totaling $49,210. Following this transaction, Rivers directly owns 1,966,345 Subordinate Voting Shares. Additionally, Rivers holds 159,867 Multiple Voting Shares directly, has potential control over 9,867 Multiple Voting Shares through Traunch IV LLC, and possesses options for 649,559 Subordinate Voting Shares vested as of January 1, 2024. Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-100 basis.

The Maryland Department of Agriculture allows medical cannabis to be sprayed with neem oil during the flowering phase.

The lack of oversight from the tobacco and firearms (ATF) could lead to future potential lawsuits regarding public health and consumer safety.

I happen to view the recent insiders trading a positive. Seems like were are continually one news flash away from $50. Will the senate democrats try for Safe Banking, will Gaetz get confirmed, will the DEA have the hearing, will rescheduling get done before Jan20th ?

The following dispensing locations were approved by the FL Department OMMU for the week of November 11 – 15, 2024:

• Trulieve – Dania Beach
• Trulieve – Spring Hill

Seems like we're always on the cusp of something good happening in the MJ sector. Can we just get something here. https://www.marijuanamoment.net/rfk-jr-could-advance-marijuana-and-psychedelics-reform-agenda-as-trumps-top-health-official/

Here's what they said when Kennedy was running for president.

Robert F. Kennedy Jr. is making a bid for the White House—now as an independent candidate after initially running for the 2024 Democratic presidential nomination. And while his drug policy record is thin, he has come out in support of bold marijuana and psychedelics reforms since entering the race.

The son of former Attorney General Robert Kennedy and nephew of President John F. Kennedy has pledged to legalize cannabis and psychedelics if elected

So we have Trump(who said we need to move it to schedule 3), Gaetz (if he gets confirmed, although trump has ways around the process) and Kennedy (same) both are in line with full legalization not just schedule 3. So I'm thinking maybe they will do something in short order. At least if you can believe what they say, there shouldn't be many impediments to something favorable happening. Remember it's trumps party not the senate or houses party. So if trump and the republicans don't follow through, it wouldn't look good.

More insider trades. Eric Powers, the Chief Legal Officer of Trulieve Cannabis (OTC:TCNNF) Corp. (OTC:TRUL), has recently acquired 1,000 subordinate voting shares of the company. The shares were purchased at a price of $6.10 each, totaling an investment of $6,100. Following this transaction, Powers now holds 121,000 shares directly. The acquisition was made on November 13, and the details were disclosed in a filing with the Securities and Exchange Commission.

Insider buying : https://www.tradingview.com/news/tradingview:980ebdbe1e550:0-trulieve-cannabis-executives-increase-shareholdings/

Nice. Was just getting ready to post that too. His chief of staff supported tcnnf via what she use to do. I think it's pretty clear, but I also thought yes on 3 was going to pass.


President-elect Donald Trump nominated
another cannabis legalization supporter to his cabinet. Rep. Matt Gaetz (R) of Florida is being tapped to serve as U.S. attorney general.

Trump wrote on Truth Social that Gaetz "has distinguished himself in Congress through his focus on achieving desperately needed reform at the Department of Justice."

Gaetz replied on X, "It will be an honor to serve as President Trump's Attorney General!"

Not sitting still. Things are looking a lot better now that the shock of the FL (Freedom State) failure is over. https://www.inmaricopa.com/trulieve-dispensary-could-open-in-just-50-days/

History lesson. https://www.marijuanamoment.net/trump-taps-pro-marijuana-legalization-congressman-matt-gaetz-for-u-s-attorney-general/

Trump has nominated Matt Gaetz as Attorney General. He has been favorable to the MJ industry, but let's see where they all stand now that they can make a difference.

Definitely. It's going to go back to all time highs on the 52 once rescheduling ans safe start to be moving again...opinion obviously. Just look how much this jumped on a rumor what Christy said this past week

He was supposedly going to push something through during his last term too but got talked out of it (supposedly). He has been documented many times over the last 8 to 10 years he is pro medical. Since Trump voted yes for recreational, that's very interesting now too but it it probably depends on all that are around him where things go and how quickly

Yeah, imo it's a good area too. Good news is my holdings from where I started accumulating tcnnf start in January which means long term gains when things should be very hot again. Could even be sooner if the lame duck and senate try to get safe through before things end for them, but the party taking over will make it happen too, it's just that one party might want to get the credit more than the other.

Cannabis stocks traded higher on Tuesday after former New Jersey governor Chris Christie told Benzinga that President-elect Donald Trump would support marijuana deregulation under the Controlled Substances Act (CSA).

The dems have failed us on MJ and especially Schumer. A lot of repubs are against anything to do with MJ, but Trump is running the show so based on his prior talking points, schedule 3 should be a no brainer along with Safe Banking. I think we see it happen in the first quarter of 2025.

I look for an increase in medical marijuana numbers in FL since the legalization amendment failed in FL. With TCNNF being the largest supplier of medical marijuana in the state, it will also help the bottom line. Also the lack of supporting the amendment has freed up money that is now going to the bottom line. So while some see the glass half empty, I see it as half full. Onward and upward. I think we are in a wait and see position, but by March we will have some certainty on where we're headed.

Two months before the election, Trump issued a statement largely aligning himself with the Biden administration and his election opponent, Vice President Harris. In it, he affirmed that he supports legalizing the recreational use of marijuana.

"I believe it is time to end needless arrests and incarcerations of adults for small amounts of marijuana for personal use," he said in a Truth Social post. "We must also implement smart regulations, while providing access for adults, to safe, tested product."

Trump said he would vote "yes" on Florida's recreational cannabis ballot question (the proposed amendment fell short of its 60% threshold). And he suggested Biden's cannabis policy might remain intact.

"As President, we will continue to focus on research to unlock the medical uses of marijuana to a Schedule 3 drug, and work with Congress to pass common sense laws, including safe banking for state authorized companies," Trump said.

So there it is. Sounds to me like he made a promise to continue. Let's see how that pans out. The Biden admin currently has schedule 3 hearing the first of Dec so dems need to push getting something done before the change in administrations. But at least Trump is on record as continuing the approval of schedule 3 change. People are saying he will do what he said on the campaign trail.