Kim Rivers, Chairman and CEO of Trulieve Cannabis (OTC:TCNNF) Corp. (CSE:TRUL), has acquired 7,400 subordinate voting shares of the company, according to a recent SEC filing. The shares were purchased at a price of $6.65 each, totaling approximately $49,210. Following this transaction, Rivers directly owns 1,966,345 subordinate voting shares. The filing also notes that Rivers holds additional securities, including multiple voting shares and stock options, which are not part of this transaction.
InvestingPro Insights
While Kim Rivers' recent purchase of Trulieve Cannabis Corp. (CSE:TRUL) shares demonstrates insider confidence, investors should consider additional factors when evaluating the company. According to InvestingPro data, Trulieve's stock has experienced significant volatility, with a 99.9% decline in the three-month price total return as of the latest available data. 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 investors should carefully assess the stock's liquidity and financial performance.
For a more comprehensive analysis, InvestingPro offers additional tips and insights that could be valuable for investors considering Trulieve Cannabis Corp. These insights can help provide a fuller picture of the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.