How Trulieve (TCNNF), Green Thumb (GTBIF) Stack Up

In that of today Marijuana Market UpdateI respond to a viewer who asked me to analyze two popular cannabis stocks: Trulieve Cannabis Corp. (OTC: TCNNF) and Green Thumb Industries Inc. (OTC: GTBIF).

Peace Send me this email:

I’m a subscriber to your youtube channel and I’m a big fan! This is the first time I’m sending you an email at your suggestion at the end of your videos.

I would very much appreciate it if you could make a video analyzing Trulieve (TCNNF) and Green Thumb Industries (GTBIF) and preferably even compare the two and give your opinion.

Shalom stated that he owns and believes in both companies and is not looking for a recommendation – just my thoughts.

Well, hello, thanks for your question! Let’s dive into these two companies.

The business collapse of Trulieve (TCNNF).

Trulieve is a medical cannabis company that manufactures a wide variety of cannabis products, including smoking flowers, foods, vape cartridges and concentrates.

The Florida-based company operates 162 pharmacies in eight states:

  • Pennsylvania.
  • Arizona.
  • California.
  • Maryland.
  • Massachusetts.
  • West Virginia.
  • Connecticut.
  • And Florida, of course.

Trulieve is the largest clinic operator in Florida with 113 locations.

How a Green Thumb (GTBIF) Equals

Green Thumb distributes medical cannabis to both adults and adults. Its product range is similar to that of Trulieve.

Based in Chicago, the company operates 77 retail stores in the United States

GTBIF has a market capitalization of $ 2.1 billion, while TCNNF is larger with a market capitalization of $ 2.5 billion.

One thing to note is that both companies have increased annual sales in each of the last five years.

Looking at my cannabis power rating system, both stocks are rated in red. Trulieve Scores a 30 OverallWhile Green Thumb Scores a 36.

The biggest difference is due to the momentum factor. Green Thumb (32) Higher scores than Trulieve (25).

Both are almost equal in value. Trulieve Rates a “Neutral” 59And a green thumb comes in at 58.

Let’s break down the value indices:

As I write, these two companies are quite equal in terms of value. They boast similar values ​​of selling price and book prices. While Green Thumb’s has a high to high profit ratio, Trulieve’s is negative.

Stock performance of Trulieve and Green Thumb

If we lie about the stock price movement of the two stocks over the past year, we can see that these two stocks have moved together most of the time.

Trulieve is priced higher, and we have seen higher shares in the Green Thumb stock over the past 12 months.

During that period, Trolleyb was down 63.7%, while the Green Thumb was down 69%.

So in terms of our cannabis power rating system indices and stock movements, these companies are aligned.

Concern for friendships

The only thing about Trulieve is that its strongest position is in Florida. It is a clear market leader in billions of dollars – where it holds almost 50% of all flower sales in the country. It is also strong in Arizona and Pennsylvania.

In the first quarter of 2022, Trolleyb recorded sales of $ 318.3 million, making it the leading revenue maker among U.S. multinational operators (MSOs) – overtaking Curaleaf Holdings (OTC): CURLF).

However, Green Thumb was the only MSO in the U.S. to record a net profit for the quarter.

Green Thumb was the third of all MSOs in the U.S. for quarterly revenue.

Trulieve’s biggest concern, for me, is that it has no presence in New York and New Jersey – two states that recently approved the sale of cannabis for adult use.

These are big markets, and not being in a position in both is something to think about – especially given the competitiveness of the Florida market.

Green Thumb, on the other hand, has three of its RISE stores in New Jersey and three in New York – which puts the company in a position to profit from these two major markets.

The future of Trulieve + green thumb

For cannabis companies, both Trulieve and Green Thumb have potential.

Trulieve’s lack of market penetration into New York and New Jersey is worrying, but the Florida market remains strong.

On the other hand, Green Thumb has fewer clinics but strong sales. Profit in the first quarter of the year is encouraging and should be a continuing trend.

The Bottom Line: So hello, these two cannabis stocks can provide strong long-term results.

One more thing: Any questions? You can get money and markets by sending a question to me, Adam Odell or Charles Seizmore which we will use in each of our videos. Just send it to us Your questions and feedback.

Where to find us

Be sure to subscribe to our YouTube channel and receive an alert whenever we post a new video.

We have a lot of great weekly video features on our channel, including:

Ask Adam anything – Where can I sit down with Chief Investment Strategist Adam Odell and ask him any question (from you or me) and get his insights on the stock market.

Investment with CharlesGreen Zone Fortunes Co-editor Charles Sizemore and I talk about all things stock and economyIncludes stock comparison to give you the best investment tips.

The Power Stock podcast – Our weekly podcast where I show you the trends and analyzes that drive the market.

All of these series are on our YouTube channel.

Also, you can follow me Twitter (@InvestWithMattC), There I will give you even more insights, not only in the cannabis market. You can also check out my new one Stock Power Daily Series on the Money & Markets website. I give you a new stock every day that I expect to hit the market based on our proprietary stock rating system.

Safe Trading,

Matt Clark

Researcher, Money and Markets Analyst

How Trulieve (TCNNF), Green Thumb (GTBIF) Stack Up Source link How Trulieve (TCNNF), Green Thumb (GTBIF) Stack Up

Related Articles

Back to top button