10 Best Pot Stocks To Invest In According to Analysts

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1. Trulieve Cannabis Corp. (OTC:TCNNF)

Share Price (As of December 23): 4.82

Analyst Upside: 309.45%

Trulieve Cannabis Corp. (OTC:TCNNF) is a vertically integrated cannabis company that primarily operates in three parts of the US: Southeast, Northeast, and Southwest. The company engages in cultivation, manufacturing, and retail operations in cannabis. Trulieve also specializes in various extraction techniques that are used to produce a range of cannabis topicals and vapes featuring cannabinoids.

Trulieve Cannabis Corp. (OTC:TCNNF) is focused on expansion with the opening of new medical cannabis dispensaries across Florida and Georgia during Q4. In the last quarter, Trulieve expanded its retail network to 215 locations, including 14 new locations in Florida and one in Pennsylvania. The company is expanding its reach in areas where it expects higher demand.

Quarterly results reflect the company’s expansion policy, reporting a 3% year-over-year increase in revenue despite challenges from seasonality and Hurricane Helene. The Q3 2024 revenue was reported around $284 million and achieved a gross margin of 61%, mainly due to efficiencies and low cultivation costs.

While we acknowledge the potential of Trulieve Cannabis Corp. (OTC:TCNNF) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TCNNF but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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