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TLRY - Trulieve Cannabis: Florida Market About To Over Heat
Tilray Inc.
Trulieve Cannabis continues to face growing competition in Florida with more signs of an ongoing pricing war.
Planet 13 plans to enter the market and MedMen has the support of Tilray and private equity to expand in Florida.
The stock isn't overly expensive at just over 3x '22 sales targets, but the company will struggle to outgrow other cannabis stocks due to a focus on Florida.