Kim Rivers Sells 137,535 Shares of Trulieve Cannabis (NYSE:TRLV) Stock

Trulieve Cannabis Corp. (NYSE:TRLV) CEO Kim Rivers sold 137,535 shares of Trulieve Cannabis stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $9.36, for a total transaction of $1,287,327.60. Following the completion of the sale, the chief executive officer directly owned 3,038,385 shares in the company, valued at approximately $28,439,283.60. This represents a 4.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trulieve Cannabis Trading Down 8.9%

TRLV traded down $0.90 during midday trading on Monday, reaching $9.21. The company had a trading volume of 4,066,680 shares, compared to its average volume of 510,400. Trulieve Cannabis Corp. has a 12-month low of $3.25 and a 12-month high of $13.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on Trulieve Cannabis in a report on Tuesday, June 16th. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Trulieve Cannabis presently has a consensus rating of “Sell”.

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.