Trulieve Cannabis Corp (CNSX:TRUL, OTCMKTS:TCNNF) was one of the best U.S. pot stocks in 2020, and that momentum has carried into 2021. TCNNF stock soared 167% in 2020 and it has rallied 36% in 2021. And by all accounts, the Florida-based multi-state operator is just getting started.
Last November, Trulieve announced record third-quarter results, with its revenue advancing 93%, its 11th consecutive quarter of profitability, and a strong cash position. There’s every reason to believe the company will report the same kinds of numbers for the fourth quarter. That report should be released in early April.
While 2021 is still in its infancy, Trulieve Cannabis Corp has already announced that it opened four new dispensaries, launched a new product, and received four dispensary permits in West Virginia—giving it a presence in six states.
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TCNNF Stock Overview
Trulieve is the first and leading medical cannabis company in the state of Florida. In addition to having 1.9 million square feet of indoor facilities and greenhouse cultivation space across Florida, the vertically integrated seed-to-sale pot company operates 79 dispensaries nationwide. (Source: “Investor Relations,” Trulieve Cannabis Corp, last accessed