Trulieve Cannabis falls on surprise CFO exit

Trulieve Cannabis

21/07/2023 16:57

** Shares of pot firm Trulieve Cannabis  TRUL.CD  down 2.1%
to C$5.57
    ** Co's chief financial officer, Tim Mullany, quit the pot
producer for personal reasons, just 10 days after taking over
the role
    ** Departure comes at a time when pot producers are
struggling with lower pricing, higher input costs and
competition amid a lack of access to the banking system
    ** TRUL insider Ryan Blust has taken charge as interim CFO
    ** Including session's move, shares have fallen 45.7% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))