Beacon Securities forecasts Trulieve Cannabis Q4 revenue below co's view

Trulieve Cannabis

06/03/2023 16:46

** Beacon Securities expects Trulieve Cannabis Corp
 TRUL.CD  to report Q4 revenue of $302 mln 
    ** TRUL sees revenue of $293 mln - $317 mln for the quarter,
with midpoint above Beacon's forecast
    ** "Our forecast assumes a partial unwinding of the
company's inventory," says Beacon
    ** TRUL donated $25.5 million to the Smart & Safe Florida
campaign for legalization of adult-use marijuana; the campaign
has collected more than 420,000 valid signatures, surpassing the
required amount for a Supreme Court review - brokerage
    ** Beacon says odds of legalization of adult-use marijuana
in Florida are high after previous failed attempts
    ** Brokerage says TRUL is one of the cheapest stocks in its
tracking group
    ** Stock down 14% so far this year after falling 69% in 2022
    ** TRUL reports Q4 results on Wednesday before markets open

 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))