Trulieve Cannabis (OTC:TCNNF) Corp. (CSE:TRUL) Chief Operating Officer Marie Zhang recently acquired a significant amount of the company's subordinate voting shares, according to a recent filing. On November 8, Zhang purchased 21,300 shares at a weighted average price of $7.19 per share, totaling $153,147. The shares were acquired through multiple transactions at prices ranging from $6.8999 to $7.60. Following this acquisition, Zhang now holds 58,800 shares directly. This transaction highlights Zhang's growing stake in the company as she continues her role in the executive team.
InvestingPro Insights
While Marie Zhang's recent purchase of Trulieve Cannabis Corp. shares demonstrates insider confidence, it's important to consider broader market perspectives. 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.
The company's market performance has been challenging, with InvestingPro Tips noting that the price has fallen significantly over the last year, three months, and five years. This context adds depth to Zhang's decision to increase her stake despite the downward trend.
It's worth noting that Trulieve does not pay a dividend to shareholders, which may impact investor attraction to the stock. For a more comprehensive analysis, InvestingPro offers 7 additional tips that could provide valuable insights into Trulieve'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.