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Trulieve Cannabis uplists to NYSE, launches $50M buyback, and posts strong Q1 with $42M free cash flow.

Analyst Insights
09 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Trulieve Cannabis became the first U.S. cannabis company to uplist to the NYSE, improving investor access and liquidity. The company announced a $50 million share repurchase program and reported a profitable first quarter of 2026, generating $42 million in free cash flow. Additionally, the reclassification of medical marijuana to Schedule III removes a significant tax burden, boosting earnings and cash flow. These factors contribute to a positive outlook, with the stock trading at a discounted 5–6x EBITDA valuation and strong regulatory and financial tailwinds supporting a BUY rating.

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