In a recent transaction, Peter Healy, a director at Trulieve Cannabis (OTC:TCNNF) Corp. (CSE:TRUL), acquired 8,130 subordinate voting shares of the company. The shares were purchased at a price of $6.05 each, amounting to a total investment of $49,186. This purchase increases Healy's total holdings to 30,625 shares. The transaction was reported in a filing with the Securities and Exchange Commission dated November 21, 2024.
InvestingPro Insights
Peter Healy's recent purchase of Trulieve Cannabis Corp. shares comes at a time when the company's stock has been facing significant challenges. According to InvestingPro data, Trulieve's stock price has fallen dramatically over the last three months, with a total return of -99.9%. This steep decline aligns with an InvestingPro Tip indicating that the stock generally trades with high price volatility.
Despite the director's show of confidence through this insider purchase, it's worth noting that Trulieve faces some fundamental challenges. An InvestingPro Tip reveals that the company suffers from weak gross profit margins, which could be a concern for potential investors. Additionally, the company does not pay a dividend to shareholders, potentially limiting its appeal to income-focused investors.
For those seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for Trulieve Cannabis Corp., providing deeper insights into the company's financial health and market position.
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