Trulieve Cannabis Corp. Hits Day Low of CAD 8.20 Amid Price Pressure

Trulieve Cannabis Corp., a small-cap player in the Other Agricultural Products industry, has experienced significant volatility today, with the stock dropping by 10.87%. The stock reached an intraday low of CAD 8.20, reflecting ongoing challenges in its financial performance. Over the past week, Trulieve has seen a decline of 5.42%, and its monthly performance is down 26.65%. Year-to-date, the stock has fallen 31.15%, contrasting sharply with the S&P/TSX 60, which has gained 5.16% during the same period. In terms of profitability, Trulieve reported a pre-tax profit of CAD -19.3 million, a staggering decline of 191.35%. The net profit for the quarter stands at CAD -83.35 million, down 61.71%. Additionally, the company's debtors turnover ratio is at a low of 64.75%, indicating potential liquidity issues. Despite a 32.05% increase over the past year, the stock has underperformed compared to the S&P/TSX 60, which has seen a return of 27.5%. With a market capitalization of CAD 2,027 million, Trulieve continues to navigate a challenging financial landscape.