Update on Our Trade of the Week

Avatar photo Doug Kass on June 26, 2026

My Trade of the Week, Trulieve ($TRLV), is +6% today to $9.05. 

From earlier this week:

Trade of the Week: Buy TRLV ($8.05)

Trulieve’s (TRLV) shares have been under pressure because of the malaise in the cannabis space and the proposed sale of 2.5 million shares by the company’s founder, Kim Rivers.

As expressed in my cannabis update yesterday, I believe an extraordinary reward vs. risk exists today.

As to Trulieve, based on Rivers’ SEC reporting I believe she is close to completing her sales (which were previously planned for in a filing).

After she completes those sales I expect the company to implement their authorized company buyback.

I would further note that a large portion of the cannibas company’s operations are medical-use based, which has already been rescheduled. 

Position: Long TRLV (S)  

BY Doug Kass · Jun 24, 2026, 10:10 AM EDT

Position: TRLV (S)

Things I Did Today

Avatar photo Doug Kass on June 24, 2026

Here are today’s things: 

* Added aggressively (again) to cannabis: $VRNOD at $5.35, $GLASF at $11.80, $GTBIF at $7.12, $TRLV at $8.06 and $MSOS at $4.43.

* Shorted more $JOET at $45.33.

* Repurchased consumer staples: $KMB at $105.15, $KO at $81.01, $PG at $151.37 and $PEP at $142.01. 

Position: Long MSOS (L), GLASF (S), GTBIF (S), TRLV (S), KMB (S), KO (S), PG (S), PEP (S), VRNOD (S/M); Short JOET (S)

Things I Did Today

Avatar photo Doug Kass on June 23, 2026

Here are today’s things:

* Covered 1/2 of my $SPCX short at $153.85.

* Covered brokerage shorts in $MS at $222.51 and $GS at $1,080.90.

* Covered tech shorts: $DRAM at $70.26, $SNDK at $2,051 and $MU at $1,099. 

* Covered $IWM short at $293.33.

* Added to cannabis longs: $MSOS at $4.50, $GTBIF at $7.28, $TRLV at $8.55 and $VRNOD at $5.29.

Position: Long MSOS (L), GTBIF (S), TRLV (S), VRNOD (S); Short SPCX (VS) 

Things I Did Today

Avatar photo Doug Kass on June 22, 2026

Here are today’s things:

* Shorted $SPY at $749.07 and $QQQ at $743.67 — covered SPY at $744.80 and QQQ at $737.99.

* Added to $JOET short at $45.64 and $GRNY short at $27.63. 

* Shorted a package of high-beta tech.

* Shorted more $MS at $227.32.

* Shorted more $IWM at $297.07.

* Added to longs $MSOS at $4.76, $MSOX at $3.00, $GTBIF at $7.55, $VRNOD at $5.55, $CURLD at $9.73 and $TRLV at $9.40.

Position: Long MSOS (L), MSOX (VS), GTBIF (S), VRNOD (S), CURLD (VS), TRLV (S); Short high-beta tech package, JOET (S), GRNY (M), MS (M), IWM (S) 

Cannabis Adds

Avatar photo Doug Kass on June 16, 2026

I added to $MSOS, $VRNOD, $GTBIF, $CURLD and $TRLV longs this afternoon. 

Position: Long MSOS (L), VRNOD (S), GTBIF (VS), CURLD (VS), TRLV (VS)