TRULIEVE CANNABIS THESIS
$TRUL $TCNNF
-Top holding since 2018
-Grown to over 50% portfolio weighting

Thread below

1. Investing With An Edge

Not often can retail get in before big $$$. Still listed on CSE/ OTC due to federal regulations. All largest companies listed on CSE are cannabis co's, they do not belong here. No hype on the name, @RobinhoodApp has no access.

2. Hyper Growth at a Deep Discount

Valuation: ~5.25 B
Q3 annualized revenue: 545m
EBITDA Margins ~45%

YoY Revenue Growth: >100% since inception.

(Any non cannabis related stocks with this kind of value please DM me lol )

3. Financial Discipline

Very shareholder conscious/ tightly ran operations focused on profitability and creating shareholder value. Tight float of ~120m shares. Strong organic growth + cash flow from ops funding expansion.

Revenue per share up ~4x in 2 years.

4. Multi Bagger Potential

Extended periods of high earnings growth creates multi bag potential if purchased at fair price. Strong industry tailwinds will allow for upwards of 20% growth for the next decade.

5. Catalysts Are a Bonus

None of my investment thesis depends on any of these playing out, but would be a huge bonus:

- Florida recreational market open = doubles sales
- Safe banking= Allows traditional lending
- Uplisting= Big $ enters
- Removal of 280e= Increases net income

Tagging some people I admire to raise awareness outside of the sector!

@todd_harrison
@BrianFeroldi
@iancassel
@anandchokkavelu
@Trulieve_IR
@rivers_kim
@dmuthuk
@saxena_puru
@BettingBruiser