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Is Trulieve a Buy?

TheMotleyFool

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Up almost 250% over the past 12 months, Trulieve Cannabis (CNSX: TRUL)(OTC: TCNNF) has proven itself a top cannabis stock. It's showing no signs of fatigue; the pot grower is now actively seeking out new mergers and acquisitions opportunities. On May 10, Trulieve announced it would acquire fellow cannabis grower Harvest Health & Recreation (CNSX: HARV)(OTC: HRVSF) for $2.1 billion. The deal is subject to shareholder approval in the third quarter.

The deal would create the second-largest cannabis company in the U.S. by sales volume, just below that of Curaleaf Holdings. I think there is still time left to get in on the action.

Image source: Getty Images.

Source Fool.com

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