HRVSF - Is Trulieve a Buy?
Up almost 250% over the past 12 months, Trulieve Cannabis (CNSX: TRUL) (OTC: TCNNF) has proven itself a top cannabis stock. It's showing no signs of fatigue; the pot grower is now actively seeking out new mergers and acquisitions opportunities. On May 10, Trulieve announced it would acquire fellow cannabis grower Harvest Health & Recreation (CNSX: HARV) (OTC: HRVSF) for $2.1 billion. The deal is subject to shareholder approval in the third quarter.
The deal would create the second-largest cannabis company in the U.S. by sales volume, just below that of Curaleaf Holdings . I think there is still time left to get in on the action.
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Is Trulieve a Buy?