Kim Rivers Sells 204,815 Shares of Trulieve Cannabis (NYSE:TRLV) Stock

Trulieve Cannabis Corp. (NYSE:TRLV) CEO Kim Rivers sold 204,815 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $9.35, for a total value of $1,915,020.25. Following the transaction, the chief executive officer owned 2,693,724 shares in the company, valued at approximately $25,186,319.40. This trade represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trulieve Cannabis Stock Down 5.8%

TRLV opened at $8.59 on Wednesday. Trulieve Cannabis Corp. has a 1 year low of $3.25 and a 1 year high of $13.28.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Zacks Research raised shares of Trulieve Cannabis to a “hold” rating in a research report on Thursday, June 18th. Weiss Ratings assumed coverage on Trulieve Cannabis in a report on Tuesday, June 16th. They issued a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Trulieve Cannabis currently has an average rating of “Reduce”.

Trulieve Cannabis Company Profile

Trulieve Cannabis Corp. is a vertically integrated cannabis company focused on the cultivation, processing, and retail sale of medical and adult-use cannabis products. The company offers a range of products that may include flower, pre-rolls, concentrates, edibles, vape products, and topicals through its dispensary network and branded product portfolio.

Trulieve’s operations have been centered primarily in the United States, with a strong presence in Florida and additional markets in other states where cannabis is legally regulated.