Trulieve Cannabis: Relative Safety
Trulieve Cannabis trades at multi-year lows near $10. The MSO offers substantial upside on any federal legalization, but the large MSO provides relative safety in the sector. The stock is cheap trading at only 4x forward EBITDA targets. As signs start pointing to some version of the SAFE Banking Act getting approval later this year, investors need to start positioning in U.S. cannabis companies set to benefit from access to the banking system and uplisting to major stock exchanges. Trulieve Cannabis ( OTCQX:TCNNF ) is one of the safer options to play federal legalization while protected in a scenario where legalization again fails to obtain approval. My investment thesis remains Bullish on the multi-state operators (MSOs) set to benefit the most from changes to the cannabis rules at the federal level. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details.