Trulieve Cannabis (OTC:) Corp. (CSE:TRUL) Chief Marketing Officer Gina Collins recently purchased 1,250 subordinate voting shares of the company. The shares were acquired at a price of $6.37 each, for a total transaction value of $7,962. Following this purchase, Collins directly owns 103,931 shares. The transaction reflects the company’s executive team’s continued investment in Trulieve’s stock.
InvestingPro Insights
Although Gina Collins’ Trulieve Cannabis Corp. (CSE:TRUL)’s recent purchases of shares reflect insider confidence, additional factors investors should consider when evaluating the company’s stock. According to data from InvestingPro, Trulieve’s stock has experienced significant volatility, with a 99.9% decline in value over the most recent quarter. This aligns with an InvestingPro tip that shows stocks typically trade with high price volatility.
Another InvestingPro tip suggests 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 that the stock may be facing liquidity challenges.
It’s worth noting that InvestingPro offers several additional recommendations for Trulieve, which can provide further insight into the company’s financial health and market performance. Investors seeking a more comprehensive analysis may find value in exploring these additional points available through the InvestingPro product.
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