11:57 AM EST, 11/22/2024 (MT Newswires) -- Trulieve Cannabis ( TCNNF ) on Friday said several members of its executive management team and board of directors recently made purchases of the company's shares.

Trulieve said the purchases reflect their confidence in the company's "growth potential and direction".

Between Nov. 8 and Nov. 21, certain executives including chief executive Kim Rivers as well as board members purchased a total of 72,273 shares at prices between $5.63 and $7.19 per share.

"These insider purchases reflect the confidence and commitment of leadership in the long-term strategic plan for Trulieve and its shareholders," the company said.

In separate news, it announced the opening of a new medical cannabis dispensary in Jacksonville, Florida on Saturday, November 23.

Trulieve shares were last seen down $0.29 to $8.26 on the Canadian Securities Exchange.

Price: 8.26, Change: -0.29, Percent Change: -3.39