Some of the biggest cannabis companies are struggling to stay relevant with overall debt in the industry ballooning and many companies finding overall slow revenue growth. Despite the downward profit trends and current economic hardship, Trulieve Cannabis Corp. (TCNNF) continues to build a solid foundation for industry growth and has been consistently profitable. Furthermore, Trulieve is also reporting some of the highest revenue numbers and reiterated its guidance for revenue of between $380 million and $400 million for the year. Experts point to Trulieve’s leadership and Florida’s budding cannabis market as part of their success.
– Real Money. July 15th, 2020
Open article: https://realmoney.thestreet.com/investing/cannabis/trulieve-bucks-the-cannabis-trend-15372690