Marijuana stocks have been on a tear since they started trading on [Cannabis Stock Exchange](, which is a platform designed to help cannabis companies simplify their growth and access capital. It was created to help companies like [Cannabis Science, Inc. ](, [Marijuana, Inc. ](, and [EC3 Holdings, Inc. ](

It’s been a while since I wanted to write a post on this blog, but I decided to keep going with my research on the cannabis industry. As we know, the cannabis industry is producing a lot of capital gain, and is expected to keep growing until 2020 .

The very concept of cryptocurrency is a break from how the world has been traditionally regulated. It is a new type of digital currency that exists only on the Internet. Bitcoin is a digital currency that can be sent from one person to another instantly, anonymously and securely. Unlike fiat currency, a cryptocurrency is not backed by a government or political entity. Bitcoins are created digitally by a process called mining. Bitcoins cannot be created out of thin air, as they have to be mined using digital equipment such as computers, and those mines have to be located somewhere.. Read more about why do stocks go up and down after-hours and let us know what you think.

George Leong, BA. Published on 23. June 2021

Enormous possibilities for this medium-sized soup pot

Marijuana stocks fell sharply after traders on Reddit sparked an impressive rally in the sector in February.

While the jump on the marijuana market was incredibly interesting to watch, there was no reason to buy other than the hype on Reddit. In the long run, I am satisfied with the evolution of the marijuana segment in the U.S., where more and more states are joining the legalization trend, which is expected to continue.

Trulieve Cannabis Corp (CNSX:TRUL, OTCMKTS:TCNNF), a vertically integrated marijuana company, is a US mid-cap player capable of generating significant capital gains.

At $36.00, TCNNF shares are well below the high of $53.73 reached on September 18. The month of March has been reached. Right now, I see Trulieve stock as an aggressive risk-reward opportunity for venture capital investors.

Think long term with TCNF shares

The stock chart below shows the recent decline in shares of Trulieve Cannabis Corp. Prior to the sell-off after the March 2021 high, Trulieve had an impressive run from below $6.00 in March 2020.

TCNNF managed to hold on to the support trend line during several tests, but failed to hold after breaking the support trend line in April.

For now, the technical picture is neutral in the short term as Trulieve shares float in a narrow sideways channel in search of support.

If TCNNF stock fails to hold, it could be heading for the 200-day moving average at $35.02 or the $20.00-29.99 range, where I see a great opportunity.

Graph courtesy of

Sales and profitability growth

If you look at Trulieve Cannabis Corp’s three-year revenue picture, you’ll see that the company is showing tremendous growth so far, with revenue up 407% from 2018 to 2020.

During this period, when Trulieve was experiencing aggressive expansion, its compound annual revenue growth rate (CAGR) reached an astounding 122%.

Fiscal year Revenues (millions) Growth
2018 $102.8 N/A
2019 $252.8 145.9%
2020 $521.5 106.3%

(Source: Trulieve Cannabis Corp. (TCNNF), Yahoo! Finance, last visited June 21, 2021).

But as expected, analysts think Trulieve’s revenue growth will moderate to more realistic levels.

Still, the expected growth looks impressive. Trulieve Cannabis Corp is expected to grow revenues by 68.7% to $879.9 million this year and by 42.7% to $1.3 billion in 2022. (Source: Ibid).

In the meantime, Trulieve generated earnings before interest, taxes, depreciation and amortization (EBITDA).

Fiscal year EBITDA (millions) Growth
2018 $78.4 N/A
2019 $302.5 285.8%
2020 $207.9 -31.3%

(Source: Ibid).

Trulieve Cannabis Corp has also generated earnings per share (EPS) under generally accepted accounting principles (GAAP) for the past three years.

Fiscal year GAAP diluted earnings per share Growth
2018 $0.42 N/A
2019 $1.54 266.7%
2020 $0.53 -65.6%

(Source: Ibid).

Although Trulieve announced lower earnings per share for 2020, the company’s outlook is positive: Growth of $1.16 per diluted share is expected this year, and $1.66 in 2022. (Source: Ibid).


Strong tailwinds in the US marijuana segment have done Trulieve Cannabis Corp good, as evidenced by the company’s revenue and profit growth.

Trulicious stocks are poised for impressive growth. Given the recent drop in prices, this could be a good opportunity to get in.It seems like the only way for a stock to go higher is for the company to grow revenue and earnings and that’s what we’re going to do in this article. The company I’m going to discuss today has been a favorite in the cannabis industry since it was first founded and was originally going to be called “Veritas Pharma” but the executives changed the name to “Cannabis Science”.. Read more about factors affecting stock prices pdf and let us know what you think.

Frequently Asked Questions

What drives a stock price higher?

A stock price is driven higher by the expectations of investors that the company will be able to increase its earnings.

Which factors can affect a stock’s price?

-The company’s financial performance -The company’s industry -The company’s sector -The company’s management -The company’s debt/equity ratio -The company’s cash flow -The company’s dividend -The company’s earnings per share -The company’s price-to-earnings ratio -The company’s price-to-sales ratio -The company’s price-to-book ratio -The company’s price-to-free-cash-

How do you know when a stock price will increase?

A stock price will increase when the company has a higher profit margin.

Feedback,why do stocks go up and down after-hourswhy do stock prices change every secondhow high can a stock risefactors affecting stock prices pdfhow are stock prices determinedwho changes stock prices,People also search for,Privacy settings,How Search works,why do stocks go up and down after-hours,factors affecting share prices in the stock market,why do stock prices change every second,how high can a stock rise,factors affecting stock prices pdf,how are stock prices determined,who changes stock prices,how share price increase or decrease

You May Also Like

Village Farms International Reports that Delta, BC Cannabis and Produce Operations Continue as Usual Following Severe Weather Conditions

The Village Farms International Inc. (TSX:VFF) recently reported that Delta, BC Cannabis…

New Dispensary Has Opened in Tempe

In the past few years, Arizona has rapidly become a hub for…

Czech parliament approves tripling the amount of THC in industrial hemp

The Czech Parliament has approved a tripling of the amount of THC…

Wall Street Thinks This Undervalued Pot Stock Could Triple

A stock that was trading at $5 a share when it went…