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In a recent move, Thad Beshears, a director at Trulieve Cannabis (OTC:TCNNF) Corp. (CSE:TRUL), has purchased 7,500 subordinate voting shares of the company. The shares were acquired on November 15 at a price of $6.65 each, amounting to a total transaction value of $49,875. Following this purchase, Beshears holds 2,444,995 shares directly in the company. This transaction reflects Beshears' continued investment in Trulieve, a prominent player in the medicinal chemicals and botanical products industry.
InvestingPro Insights
While Thad Beshears' recent purchase of Trulieve Cannabis Corp. shares demonstrates insider confidence, it's important to consider additional financial metrics and market trends. According to InvestingPro data, Trulieve's stock has experienced significant volatility, with a 99.9% decline in price over the past three months. This sharp downturn aligns with an InvestingPro Tip indicating that the stock generally trades with high price volatility.
Another InvestingPro Tip reveals that Trulieve suffers from weak gross profit margins, which could be a concern for potential investors. This information, combined with the company's average daily trading volume of 0.07 million USD over the past three months, suggests a challenging market environment for the cannabis producer.
For a more comprehensive analysis, InvestingPro offers additional tips and insights that could be valuable for investors considering Trulieve's stock. The platform provides a total of 7 tips for Trulieve, offering a deeper understanding of the company's financial health and market position.
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