Is Trulieve a Steal of a Deal After Falling 50% From Its 52-Week High?
Trulieve Cannabis (OTC: TCNNF) is one of the top cannabis producers in the world. And once its deal with multi-state marijuana operator Harvest Health & Recreation eventually goes through, it could even be the industry leader in terms of revenue. It will have a strong presence in both Arizona and Florida, while also penetrating new markets that should help further diversify and add to its top line.
But despite all that optimism, investors have been incredibly bearish on the stock. In just the past six months, its shares have fallen more than 41%, while the Horizons Marijuana Life Sciences ETF has declined by 31%. Is now the time to load up on this marijuana stock, or are there some valid worries that should keep investors away from Trulieve?
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Source Fool.com
