Kim Rivers Sells 380,000 Shares of Trulieve Cannabis (NYSE:TRLV) Stock

Trulieve Cannabis Corp. (NYSE:TRLV) CEO Kim Rivers sold 380,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $8.47, for a total transaction of $3,218,600.00. Following the completion of the sale, the chief executive officer owned 2,313,724 shares in the company, valued at $19,597,242.28. The trade was a 14.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trulieve Cannabis Trading Up 0.7%

Shares of NYSE TRLV traded up $0.06 during midday trading on Thursday, hitting $8.56. 2,007,316 shares of the company’s stock were exchanged, compared to its average volume of 576,130. Trulieve Cannabis Corp. has a twelve month low of $3.50 and a twelve month high of $13.28.

Analyst Upgrades and Downgrades

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

About Trulieve Cannabis

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.