Is Trulieve too good to be true?
Trulieve is portrayed as the rising star in the Cannabis space. Since the company came public in late 2018, it has posted spectacular numbers, far outpacing peers. Trulieve is also the only publicly traded Cannabis company that reports profitability. It is almost too good to be true…
What happened to Trulieve?
Trulieve Inc. was founded in 1990 as George Hackney Inc. and renamed in July 2018 just prior to the becoming public. Trulieve completed a reverse merger with Canada listed shell company Schyan Exploration and started trading under the symbol TRUL on the Canadian Securities Exchange in September 2018.
Is Trulieve the leader in Florida’s cannabis industry?
y the time of the public listing Trulieve had achieved leadership status in Florida’s nascent cannabis industry. Trulieve reported that it operates 507,100 square feet of cultivation facilities across three sites as of October 2018. Trulieve has also been the leader in Florida in dispensary openings.
What is Trulieve?
Brief History of Trulieve Trulieve Inc. was founded in 1990 as George Hackney Inc. and renamed in July 2018 just prior to the becoming public. Trulieve completed a reverse merger with Canada listed shell company Schyan Exploration and started trading under the symbol TRUL on the Canadian Securities Exchange in September 2018.
How many customers does Trulieve have?
How was Trulieve funded?
Does Trulieve grow cannabis?
Is Trulieve cannabis good?
Does Trulieve have fair value adjustments?
Is Trulieve's cannabis license corrupt?
Can Trulieve grow CBD?
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About this website
Does vaping have irreversible damage?
Breathing in the harmful chemicals from vaping products can cause irreversible (cannot be cured) lung damage, lung disease and, in some cases, death. Some chemicals in vaping products can also cause cardiovascular disease and biological changes that are associated with cancer development.
How do lungs heal from vaping?
However, there are certain lifestyle behaviors you can practice to try and accelerate the rate at which your lungs heal.Drink Lots Of Water. ... Eat Healthy Foods. ... Exercise Regularly. ... Cough. ... Clean Your Living Space. ... Practice Deep Breathing. ... Try Steam Therapy.
Is EVALI treatable?
Many people diagnosed with EVALI need to be treated in a hospital where medications can be closely monitored, and respiratory support is readily available. Treatments may include: Corticosteroids. A type of medication that reduces inflammation in the lungs and throughout the body.
What are the symptoms of lung damage from vaping?
How Vaping Can Affect Your LungsCoughing.Wheezing.Chest pain.Shortness of breath.
Is vaping worse than smoking?
1: Vaping is less harmful than smoking, but it's still not safe. E-cigarettes heat nicotine (extracted from tobacco), flavorings and other chemicals to create an aerosol that you inhale. Regular tobacco cigarettes contain 7,000 chemicals, many of which are toxic.
How long does it take to heal vaping?
After two weeks: your circulation and lung function begin to improve. After one to nine months: clear and deeper breathing gradually returns; you have less coughing and shortness of breath; you regain the ability to cough productively instead of hacking, which cleans your lungs and reduce your risk of infection.
How long do you have to vape to get EVALI?
Anyone who's vaped in the last 90 days is at risk for EVALI. You don't have to be older or already sick. “Many of these patients were normal, healthy people,” Tsai says.
How do I know if I have EVALI?
What are symptoms of EVALI? Patients in this investigation have reported symptoms such as: Respiratory symptoms, including cough, shortness of breath, or chest pain. Gastrointestinal symptoms, including nausea, vomiting, stomach pain, or diarrhea.
Is EVALI permanent?
A good deal of the lung damage caused by EVALI is permanent scarring, so patients have to learn to live with it, Galiatsatos said. "I try to tell the patient you can accommodate it," he said. "It'll take some endurance training, some medications, and infection control.
How long does it take to mess up your lungs from vaping?
Exposure for just three days was enough to incur sufficient damage to their lungs, setting the stage for long-term chronic lung damage.
Can a doctor tell if you vape?
Medical tests can detect nicotine in people's urine, blood, saliva, hair, and nails. Nicotine is the addictive substance in tobacco, cigarettes, and vapes or e-cigarettes.
Can vaping collapse your lungs?
Typically, the blisters are not problematic. But both vaping and smoking increase the risk of bursting which can lead to lung collapse. Signs of a collapsed lung include sharp chest or shoulder pain, shortness of breath and difficulty breathing.
What to do if I think I have EVALI?
Call your healthcare provider right away if you have symptoms of EVALI. Even if your symptoms are mild, let your provider know. Symptoms can get worse quickly.
What does it feel like to have EVALI?
There is no single test for EVALI. Diagnosis is mostly a process of elimination because symptoms can be similar to many other respiratory diseases. These include shortness of breath, fever and chills, cough, vomiting, diarrhea, headache, dizziness, rapid heartrate and chest pain.
What are the chances of getting lung disease from vaping?
Of those who said they used e-cigarettes, about 11% said they had chronic bronchitis, emphysema or COPD, compared with 5.6% of people who said they had never used e-cigarettes. Among never smokers, current e-cigarette users were 75% more likely to report having COPD, compared with those who had never used them.
Kim Rivers Net Worth, Biography, and Insider Trading
Have questions about Trulite CEO Kim Rivers? View Ms. Rivers's net worth, biography, salary, age, and recent stock transactions at InsiderTrades.com.
Bribery trial: Husband of Trulieve CEO bragged about ... - MJBizDaily
The now-husband of Trulieve CEO Kim Rivers boasted about how a political connection helped the company obtain one of the first vertically integrated licenses to sell medical cannabis in Florida, according to a 2016 conversation with undercover FBI agents.. The secret recording was played Tuesday at the criminal trial of J.T. Burnette, who is charged with racketeering, extortion, fraud and ...
Husband of marijuana MSO Trulieve CEO faces trial on bribery charges
The husband of marijuana multistate operator Trulieve CEO Kim Rivers is on trial in Florida this week on federal bribery and corruption charges stemming from a four-year investigation of his real estate development activities.. John Thomas “J.T.” Burnette and Rivers were partners in an investment venture before their marriage and Trulieve’s founding, according to the Tallahassee Democrat ...
How long does it take for vaping to work?
Among the most considerable benefits of vaping is quick absorption into the bloodstream. While edibles can take half an hour or more for the active ingredients to process, inhaled cannabis starts working right away. That time difference is critical for those using cannabis to relieve conditions such as chronic pain.
What is the ingredient in vape cartridges?
Further, the Center for Disease Control (CDC) and the Food and Drug Administration (FDA) have identified a key ingredient, whether an e-cigarette or cannabis vape, that is “strongly linked” to the outbreak of what’s now labeled as EVALI, which stands for ‘e-cigarette or vaping use associated lung injury.’ That ingredient is vitamin E acetate, an additive used in some vape cartridges to make the oil the right consistency for vaping.
Why do people use 510 thread pens?
The foremost reason why most people want 510-thread vape pens is that they are compatible with most cartridges and easy to use . Another feature to look for in a quality device is the ability to control temperature.
Is vaping bad for your lung?
An investigation by The Washington Post identified black-market vape products as the central culprit behind vape related lung disease. Illegal vape dealers used dangerous vitamin E oil in their cartridges since it has a similar look and consistency to THC oil, making an ideal (but unhealthy) cutting agent. While vitamin E oil is one substance identified and called out by the CDC and FDA, illegal vape cartridges usually contain many harmful additives, including toxic chemicals and pesticides . Legal cannabis manufacturers, on the other hand, are required to regularly test their products with third party labs to ensure quality and purity.
Is vitamin E acetate safe to use in vapes?
Vitamin E acetate naturally occurs in many vegetable oils, and is often used as a dietary supplement. However, when heated and inhaled, vaporized vitamin E acetate becomes a dangerous carcinogen. The CDC and FDA thus warn against vape cartridges that use vegetable oil, MCT oil, coconut oil, etcetera as an ingredient.
Is inhaled cannabis better for you?
For example, scientific studies have shown that inhaled cannabis is significantly more effective at relieving neuropathic pain (pain caused by nerve function).
Is electronic cigarette the same as cannabis?
Electronic cigarettes contain the same addictive ingredients in traditional cigarettes, without any of the health benefits of cannabis. Some smokers switch to vaping e-cigs with the intention to stop cigarette smoking, but John Hopkins Medical Journal says this switch is ineffective and equally damaging to the lungs.
Where is Trulieve located?
Trulieve in Florida. The vertically integrated company Trulieve (CSE: TRUL) (OTC: TCNNF), which just began trading publicly in late September, is coming off of a strong third quarter that generated revenue of US$28.3 million, all from just within the state of Florida, where it employs 1300.
What is the company TRUL?
The vertically integrated company Trulieve (CSE: TRUL) (OTC: TCNNF), which just began trading publicly in late September, is coming off of a strong third quarter that generated revenue of US$28.3 million, all from just within the state of Florida, where it employs 1300.
How many customers does Trulieve have?
The company called the report "slanderous and misleading," pointed to Trulieve's 230,000 customers as evidence of product quality and planned legal action against Grizzly Reports which "has no history or credibility in assessing cannabis companies.".
How was Trulieve funded?
As a pre-IPO company, Trulieve was primarily funded through loans from friends and family. Some of those loans were made using newly-formed companies, likely to limit the potential liability of the lender in a federally-illegal and very risky industry. Because J.T. Burnette is an accused criminal and many of his associates were involved in the alleged criminal activity, some of these early loans have ties to potentially unsavoury figures. However, nothing in the Grizzly Report appears to show errors in Trulieve's reporting of related party transactions.
Does Trulieve grow cannabis?
Basically, Trulieve is adding cannabis biomas s production through the addition of lower-cost greenhouses. This biomass will be used for oils and other extracted products. This will enable Trulieve to use its top-quality indoor facilities for dry flower production, letting Trulieve rapidly grow its cultivation footprint while being able to grow the best dry flower possible. This also will help Trulieve prepare for additional sales opportunities from (1) wholesale sales and (2) recreational cannabis sales, when each are legally permitted."
Is Trulieve cannabis good?
Grizzly Reports suggests that Trulieve's cannabis is low quality as a majority of their cultivation facilities are "hoop houses" which are prone to insect infestation and weather damage. The company includes a photo of a cannabis flower which was allegedly sold by Trulieve with mold on it as anecdotal evidence of low quality.
Does Trulieve have fair value adjustments?
Trulieve's large biological asset adjustments over the past few quarters are related to their growing inventory. However, skilled analysts and investors in the sector do not typically use metrics which include fair value adjustments, so these biological assets are largely irrelevant when analyzing Trulieve's profitability. For example, the most frequently-used metric for profitability is adjusted EBITDA, which specifically excludes these fair value adjustments:
Is Trulieve's cannabis license corrupt?
Grizzly's report further suggests that the initial approval process for Trulieve's cannabis license stinks of corruption. The report notes that the "Tallahassee political mafia has done everything it could to skew the process so that they can reap the greatest benefits, the while hurting consumers and producers."
Can Trulieve grow CBD?
As described four months ago, these are low-cost facilities which are being used for extracting THC and CBD for oils, vapes, and other products. Trulieve experimented with these facilities for a year to determine whether it would be economical and viable to grow this low-co st cannabis for extraction. The company determined that this system worked, so they were able to use these facilities for their extraction-based products while using their pre-existing indoor facilities to grow cannabis sold as dry flower.
Trulieve Merged with Harvest
Selling Bonds to Pay Down Harvest Debt
- In order to cover capital expenditures and Harvest debt, Trulieve issued $350 million of privately placed senior secured notes on the Canadian Stock Exchange (CSE) at 8% per annum after closing the Harvest deal in early October 2021. It'd go on to issue in Q1 2022 an additional $75 million in bonds, under the same terms as the October bond sale, fo...
Top Line Looks Good, But Issues Are There
- In Q2 2022, revenue grew 43% year-over-year to $320.3 million. The dispensary heavy MSO's retail revenue grew quarter-to-quarter by 3% to $298.6 million. Sales, general, and administrative expenses (SG&A) has been relatively constant as revenue has grown since the Harvest purchase, hinting its business plan is operating efficiently. The company continues running at a loss of $2…