{
  "docId": "019dd923-622c-750b-8b9a-d6fa7836acbf",
  "docSlug": "880ddcedf153",
  "documentTitle": "Trulieve Cannabis Corp (TRUL)",
  "authorId": "62_Grizzly_Research",
  "authorName": "Grizzly Reports",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-12-01 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 26,
  "pageCount": 26,
  "prevPage": 25,
  "nextPage": null,
  "slideType": "executive_summary",
  "function": "summarize",
  "density": "balanced",
  "nDataPoints": 2,
  "notes": "Includes a screenshot of a LinkedIn profile for Geri Ann Bradley as a supporting exhibit for the argument.",
  "elementsJson": [
    "headshot",
    "screenshot",
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-d6fa7836acbf/26",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf#slide-26",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We think Trulieve is absolutely uninvestible.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-70f9-71ae-a67b-a6ef0f489f1c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.39,
        "w": 0.78,
        "x": 0.11,
        "y": 0.095
      },
      "kind": "image",
      "text": "LinkedIn profile of Geri Ann Bradley",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b03f97c1-57a6-452e-ab25-5890976116aa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.78,
        "x": 0.11,
        "y": 0.702
      },
      "kind": "paragraph",
      "text": "CEO Kim Rivers and her husband JT Burnette are at the very center of a political crime ring the FBI has subpoenaed, and we have shown the multiple previously unknown connections between Trulieve and Burnette. We expect serious consequences for CEO Kim Rivers and Trulieve. They have been crooks then, and they are crooks now. We think Trulieve is absolutely uninvestible.",
      "attrs": null,
      "subkind": "description",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3f27c1d3-185c-4e35-971b-5865c42181c6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.78,
        "x": 0.11,
        "y": 0.567
      },
      "kind": "paragraph",
      "text": "We laid out our case why we believe the Trulieve cannot be trusted. We caught the company in a couple of outright lies: Trulieve lied about lenders being third parties, and failed to disclose real estate transactions with Insiders that led to insiders handsomely profiting. The company touts its high-quality indoor production, but we found roughly 1.4million sqft of low quality hoophouses (Trulieve discloses 1.7million sqft total). Claims of profitability rely entirely on what we believe to be inflated asset mark ups.",
      "attrs": null,
      "subkind": "description",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ba908dc2-f814-4aa6-a16e-74bb7e22e0cb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.78,
        "x": 0.11,
        "y": 0.426
      },
      "kind": "paragraph",
      "text": "We fail to understand why Trulieve paid $9million in goodwill for the acquisitions, while the license was already valued at 3 times the price in previous acquisitions.",
      "attrs": null,
      "subkind": "description",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f68e2847-42cf-42ee-86c3-c4a667b66d9b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.56,
        "x": 0.22,
        "y": 0.505
      },
      "kind": "title",
      "text": "9. Conclusion – There ain't no such Thing as Halfway Crooks",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "95032e43-202a-4d13-bf5d-61103a808645",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Call to action",
      "slug": "call-to-action",
      "agent": null,
      "layer": "slide",
      "matchId": "56d10838-3083-4f01-969a-6fd4c7bb68de",
      "evidence": "The slide concludes with 'We think Trulieve is absolutely uninvestible.' which serves as a call to action for the reader.",
      "confidence": 0.7
    },
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "019159c0-5a2b-4621-b4df-5a72efc05757",
      "evidence": "This slide is titled '9. Conclusion – There ain't no such Thing as Halfway Crooks' and contains a summary of the case against Trulieve.",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}