Trulieve Cannabis Corp (CNSX:TRUL) Set To Make New Highs

Trulieve Cannabis Corp (CNSX:TRUL) has been steadily climbing up the charts since bottoming out in December at $6.68 a share. The stock is up more than 120% to just over US$ 15 a share. Judging from the momentum surrounding the cannabis sphere, it won't be long before we are testing the October high of $21 a share. As we continue our coverage of Trulieve Cannabis, there's a lot to like with the company, especially with its dominant position in Florida. TCNNF Daily ChartTrulieve CannabisFirst up, a little background info for those that aren't familiar with Trulieve Cannabis. Trulieve Cannabis Corp. is a vertically integrated "seed to sale" company and is the first and largest fully licensed cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve-branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery. Trulieve also operates in California and Massachusetts.SLANG PartnershipTrulieve Cannabis just signed a deal with SLANG Worldwide (CNSX:SLANG) giving Trulieve patients access to SLANG's extensive portfolio of cannabis products. Through the strategic partnership, SLANG will introduce the O.penVAPE, Bakked, District Edibles, and Magic Buzz product lines to Florida medical patients. Availability of edible products will be subject to regulatory approval by the Florida Department of Health. As part of the agreement signed by the two groups, SLANG will collaborate with Trulieve with regard to the production and distribution of the SLANG portfolio of products, offering in-house training to staff in preparation for production and distribution exclusively through Trulieve. Trulieve CEO Kim Rivers said:

"SLANG operates with the same goals as Trulieve, working to expand patient access and create products that are high-quality, consistent, and reliable. SLANG's expansive portfolio ranges from vaporizer cartridges to edibles to concentrates, all products that will provide Florida's patients with the effective, natural relief they're seeking in ways that are innovative and fresh."

Florida DominanceWith over 180,000 registered medical marijuana patients, a figure that has tripled since 2017, Florida represents one of the most significant cannabis markets in the United States. Trulieve is responsible for consistently producing and distributing between 60% and 80% of cannabis in the state, per the Florida Department of Health.Trulieve's extensive distribution network in Florida includes 24 dispensaries and home delivery available statewide. The partnership with SLANG represents a significant opportunity to bring SLANG's expansive, unique portfolio of branded cannabis products to Florida's rapidly growing patient base and offer relief in a variety of consumption methods, including cannabis-infused edibles and drinks.Bottom LineCurrently trading with a market cap of $1.5 billion, Trulieve Cannabis Corp is one of the best-positioned companies in the cannabis sphere. With its Florida dominance and the new partnership with SLANG, this year's numbers will blow last year's out of the water. Investors can expect triple-digit revenue growth as the demand for cannabis continues to grow at a record pace. We believe Trulieve represents one of the best cannabis plays for investors looking for exposure to the fast-growing sector.We will be updating our subscribers as soon as we know more. For the latest updates on CNSX:TRUL, sign up below!Disclosure: We have no position in CBSX:TRUL and have not been compensated for this article.Image courtesy of Pexels