Gina Collins, the Chief Marketing Officer of Trulieve Cannabis (OTC:TCNNF) Corp. (CSE:TRUL), recently purchased 1,250 subordinate voting shares of the company. The shares were acquired at a price of $6.37 each, amounting to a total transaction value of $7,962. Following this purchase, Collins holds 103,931 shares directly. This transaction reflects continued investment by the company's executive team in Trulieve's stock.
InvestingPro Insights
While Gina Collins' recent purchase of Trulieve Cannabis Corp. (CSE:TRUL) shares demonstrates insider confidence, investors should consider additional factors when evaluating the company's stock. According to InvestingPro data, Trulieve's stock has experienced significant volatility, with a 99.9% decline in the 3-month price total return as of the most recent quarter. This aligns with an InvestingPro Tip indicating that the stock generally trades with high price volatility.
Another InvestingPro Tip reveals 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 face liquidity challenges.
It's worth noting that InvestingPro offers several additional tips for Trulieve, which could provide further insights into the company's financial health and market performance. Investors seeking a more comprehensive analysis may find value in exploring these additional tips available through the InvestingPro product.
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