Wednesday, October 8, 2025

Latest

Haywood Reiterates $80 Price Target On Trulieve After Harvest Health Purchase

On October 1st, Trulieve Cannabis (CSE: TRUL) announced that they completed their $1.75 billion acquisition of Harvest Health. Harvest shareholders received 0.1170 shares of Trulieve for each subordinate voting share held.

A number of analysts raised their 12-month price targets off the back of the acquisition. This brought the average 12-month price target up to C$84.80, or a 137% upside. There are 17 analysts covering the stock, with 5 analysts having strong buy ratings and the other 12 have buy ratings. The street high sits at C$132 from Stifel-GMP while the lowest comes in at C$54.

In Haywood Capital Market’s note, they reiterated their C$80 price target and buy rating on Trulieve Cannabis saying that this establishes Trulieve as one of the top tier-1 MSO’s. They add, “The acquisition was completed within 5 months which is an impressive accomplishment in our view.”

With this acquisition, Trulieve grows its addressable market from 6 to 11, gaining 5 new markets and going deeper in 4 markets Haywood says. They believe that margin compression will come with the acquisition but comment that the additional markets are a worthy trade-off “for its long-term growth trajectory while also being able to maintain healthy margins.”

Below you can see Haywood’s updated 2021 and 2022 estimates.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Suncor: BMO Reiterates Rating, Lowers Price Target To $28

Friday morning, BMO Capital Markets put out a note on Suncor Energy (TSX: SU), upgrading...

Saturday, October 3, 2020, 01:20:00 PM

Harvest Health Increases Bought Deal To C$40 Million

It seems our article in connection to US cannabis financing yesterday was quite timely. After...

Thursday, October 22, 2020, 09:45:08 AM

Uber: Consensus Q2 Estimates Point To $3.74 Billion In Revenue

Uber (NYSE: UBER) will be reporting its second quarter financial results after the market close...

Wednesday, August 4, 2021, 02:02:00 PM

Canaccord: NG Energy Has “One Of The Largest Onshore Discoveries From The Last Few Years”

On October 20, NG Energy (TSXV: GASX) announced that it had been successful drilling the...

Saturday, October 22, 2022, 01:06:00 PM

Tilray: Cantor Slashes Price Target To $7.40 Ahead Of Earnings

Tilray (TSX: TLRY) is expected to report its second fiscal quarter 2022 results on January...

Friday, January 7, 2022, 03:58:00 PM