TCNNF Forecast


Bullish Case: TCNNF stands to benefit from the DEA's rescheduling of cannabis from Schedule I to Schedule III [thebharatexpressnews.com, aol.com], potentially reducing tax burdens and increasing profitability. Recent dispensary openings [cannabisbusinesstimes.com, tipranks.com] may also enhance revenue.


Bearish Case: Cannabis legalization is not imminent [thebharatexpressnews.com], and TCNNF's price performance historically has flatlined [Helium, Helium, Helium] despite positive news, along with high operational losses [aol.com] presenting significant risks.


Potential Outcomes:

1. DEA cannabis rescheduling occurs (45%) - boosts profitability (source [aol.com]).

2. Cannabis remains Schedule I (55%) - minimal impact on financials.

3. Expedited state-level legal changes (35%) - stimulates local sales.


Trading Oracle: Buy debit spreads (Helium Long Volatility) to hedge risks while expecting upside due to DEA rescheduling probabilities. Optimal time frame: next 6-12 months; target: $12-$13. Current price levels offer favorable entry with positive risk/reward.


July 07, 2024


Trulieve Cannabis Forecast

TCNNF      Trulieve Cannabis











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TM Forecast + Options Trading Strategies   TM  Toyota Motor (0.91)


MPC Forecast + Options Trading Strategies   MPC  Marathon Petroleum (0.91)


DXJ Forecast + Options Trading Strategies   DXJ  WisdomTree Japan Hedged Equity (0.91)


PSX Forecast + Options Trading Strategies   PSX  Phillips 66 (0.91)



Uncorrelated Assets

Assets with little price relationship to TCNNF



SRE Forecast + Options Trading Strategies   SRE  Sempra Energy (-0.0)


GCI Forecast + Options Trading Strategies   GCI  Gannett (0.0)


VAL Forecast + Options Trading Strategies   VAL  Valaris (0.0)


CWCO Forecast + Options Trading Strategies   CWCO  Consolidated Water (-0.0)


NCLH Forecast + Options Trading Strategies   NCLH  Norwegian Cruise Line (0.0)



Anticorrelated Assets

Assets that tend to move strongly against TCNNF



VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.85)


EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.87)


CLNE Forecast + Options Trading Strategies   CLNE  Clean Energy Fuels (-0.87)


BOIL Forecast + Options Trading Strategies   BOIL  ProShares Ultra Bloomberg Natural Gas (-0.89)


AMC Forecast + Options Trading Strategies   AMC  AMC Entertainment (-0.9)





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