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Trulieve Cannabis: Government May Finally Come To The Rescue

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  • Trulieve Cannabis stock soared 62% following the potential rescheduling of cannabis from a Schedule 1 controlled substance to a Schedule 3 drug.
  • If cannabis is reclassified, Trulieve and other MSOs could potentially drop the 280E taxes and uplist to U.S. stock exchanges.
  • Trulieve Cannabis could see a surge in free cash flow levels, greatly enhancing its capital position.
  • TCNNF stock is cheap at only 3x the current adjusted EBITDA.

As with most cannabis stocks, Trulieve Cannabis (OTCQX:TCNNF) was struggling heading into the end of August. The cannabis multi-state operator (MSO), mostly focused on Florida, faced tough business conditions due to the competitive threats in their main medical cannabis market but the stock soared 62% following the potential for the re-scheduling of cannabis. My investment thesis remains Bullish on the stock, even after the big rally the last 2 days.


Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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