Trulieve Relief

I want to be sure everyone saw the good news on Trulieve ($TRLV) after the market closed Friday.

Trulieve was my Trade of the 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

Positions: Long TRLV S

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Posted by Doug Kass

Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.

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