Trulieve Cannabis Corp. (OTC: TCNNF)Green Thumb Industries Inc.
Green Thumb Industries Inc. is a national cannabis consumer packaged goods company and retailer in the U.S. At the present time, Green Thumb has 50 dispensary locations across 12 U.S. markets. In addition, Green Thumb also has 13 manufacturing facilities and licenses for 96 retail locations in the U.S. market. In detail, the company operates the growing retail cannabis stores Rise and Essence. Additionally, the company has a portfolio of branded cannabis products including BeDoe, Dogwalkers, Dr. Solomonâs, Incredibles, Rhythm, and Feel Collection.
In 2020 Green Thumb ended the year reporting record financials in Q3 of 2020. Actually, Green Thumb was one of the highest revenue-producing U.S. cannabis companies last year with $157.1 million for the period. In essence, this is a 131% increase from the same period a year prior. The company has a strong balance sheet and has more than enough capital to support continue
Arizona marijuana dispensaries ready to start recreational sales any day now
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Harvest Health & Recreation Inc. (OTCQX: HRVSF)Trulieve Cannabis Corp
Trulieve Cannabis Corp is the first and leading medical cannabis company in the state of Florida. Currently, the companyâs operation has approximately 51% of the Florida market. With 70 stores in the state and 76 nationwide Trulieve has more growth in mind for 2021. While being one of the better performing cannabis companies in the U.S. its recent expansion into other states could signify further growth potential for this year.  In 2020 Trulieve achieved a record revenue of $136.3 million in the 3rd quarter.
In fact, the company achieved an adjusted positive EBITDA of $67.5 million or 50% of revenue. This result represents the 11th quarter of consecutive growth and profitability. One thing to watch for with Trulieve is how rapidly it can duplicate what it did in Florida in states like California, Massachusetts, Connecticut, and Pennsylvania. As Trulieve continues to show strong revenue growth it could
Technological Advances Help Better Regulate the Growing Cannabis Market
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NEW YORK, Jan. 12, 2021 /PRNewswire/ The cannabis industry has had some major accomplishments in recent years. Currently, sixteen states have now fully legalized the use of cannabis products for both medical and recreational use. The recent election, in November, has further cemented the continuous expansion of cannabis legalization as New Jersey, a major potential market for the industry, voted in favor of legalization as well. Nonetheless, the concern over cannabis abuse is still a major drawback. For instance, the National Institute on Drug Abuse highlighted that the long-term effects of constant cannabis use can alter brain development and cause memory impairment and affect learning functions. Consequently, this can affect a user s ability to perform daily functions. In fact, one of the major concerns over cannabis abuse revolves ar
Needless to say, Harvest Health & Recreation is on the list even if Robinhood and Webull users canât trade it. The bullish nature of this penny stock during 2020âs 4th quarter is hard to ignore. Itâs also one of the top penny stocks held by the MSOS ETF if youâre wondering. Since the start of October through to this week, HRVSF stock has climbed from $1.02 to $2.98. Similar to Hexo, Harvest hasnât only benefited from industry sentiment. The company has also executed on its own set of milestones and initiatives.
One of the key points of focus of traders has been the growth that Harvest experienced recently. In its last quarterly report revenue came in at $61.6 million, up 86% from the third quarter of 2019 and 11% sequentially. Adjusted EBITDA was $10.5 million, compared to $4.1 million in the second quarter of 2020. Also, as of September 30th, Harvest owned, operated, or managed 37 retail locations in seven states. This included 15 open dispensaries in Ariz
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