CRLBF - Trulieve: Florida Is Becoming More And More Competitive
Trulieve (otcpk:TCNNF) has dominated the Florida market since the beginning. The company built its billion-dollar empire single-handedly on its sprawling retail and cultivation footprint within the Sunshine State. However, just as Trulieve is having difficulties exporting its success to other states, we are seeing an incredible pick-up in the speed in which other competitors are expanding their footprint in the Florida market. We think Trulieve needs to prepare itself for an increasingly hostile competitive environment and we think margin compression is a possible near-term risk for investors to consider given the number of