HRVSF - Is Trulieve a Must-Buy After Announcing Plans to Acquire Harvest Health?
Trulieve Cannabis (OTC: TCNNF) has always been one of the top multistate operators in the U.S. Not only are its sales growing at impressive rates, but the company has managed this while generating profits, a rarity in the marijuana industry. The one knock against the company may be that it is too dependent on its home market of Florida. While it has expanded into other states, its footprint beyond the Sunshine State isn't too vast.
But last week, the company announced plans to acquire Harvest Health & Recreation (OTC: HRVSF) , a cannabis company with operations in multiple states, including Arizona, which recently legalized marijuana for recreational use. The move would instantly accelerate Trulieve's expansion across the country. Does the acquisition make this marijuana stock too attractive to pass up right now?
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Is Trulieve a Must-Buy After Announcing Plans to Acquire Harvest Health?