Trulieve Cannabis (NYSE:TRLV) CEO Kim Rivers Sells 204,815 Shares

Trulieve Cannabis Corp. (NYSE:TRLV) CEO Kim Rivers sold 204,815 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $9.35, for a total transaction of $1,915,020.25. Following the completion of the sale, the chief executive officer directly owned 2,693,724 shares in the company, valued at approximately $25,186,319.40. This represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trulieve Cannabis Stock Down 8.9%

Shares of Trulieve Cannabis stock traded down $0.90 during trading on Monday, hitting $9.21. 4,066,680 shares of the stock were exchanged, compared to its average volume of 510,400. Trulieve Cannabis Corp. has a 12-month low of $3.25 and a 12-month high of $13.28.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Trulieve Cannabis in a report on Tuesday, June 16th. They set a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Trulieve Cannabis

Trulieve Cannabis Corp. is a vertically integrated cannabis company focused on the cultivation, processing, and retail sale of medical and adult-use cannabis products. The company offers a range of products that may include flower, pre-rolls, concentrates, edibles, vape products, and topicals through its dispensary network and branded product portfolio.

Trulieve’s operations have been centered primarily in the United States, with a strong presence in Florida and additional markets in other states where cannabis is legally regulated.