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However, its stock has retreated 13.4% over the past month. In fact, TRSSF’s stock is trading 38.3% below its 52-week high of $16.25, which it hit on February 22.
While investors remain optimistic about TRSSF’s strategic acquisitions in Maryland and Pennsylvania, the company has been burning cash. It has a weak cash balance and negative profit margin. Furthermore, because federal legalization of cannabis is gaining steam, competition in the cannabis industry is expected to intensify.
