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Trulieve is a leading cannabis company with a focus on providing relief to patients through trusted products. Hand-grown plants in a natural environment ensure quality and purity at every step. Trulieve is a vertically integrated, multi-state operator with a strong market presence in Arizona, Florida, and Pennsylvania. The company's innovative products, high-quality brands, and commitment to customer experience make it a top choice for those seeking access to cannabis products.
Trulieve Cannabis Corp. will acquire Harvest Health & Recreation in a deal valued at approximately $2.1 billion. Under the agreement, Harvest shareholders will receive 0.1170 Trulieve shares for each share held, representing a 34% premium over recent prices. The transaction, which has been approved by both companies' boards, will create the largest U.S. cannabis operator with an estimated 2021 revenue of $1.2 billion and an Adjusted EBITDA of $461 million. This merger will enhance Trulieve's presence across 11 states, optimizing its retail and distribution footprint.
Trulieve Cannabis Corp. announced the opening of its 87th dispensary in Osprey, Florida, on May 6, 2021. This new facility supports Trulieve's mission to provide reliable access to medical cannabis for registered patients. The 5,300 square foot dispensary offers a variety of THC and CBD products and features a 25% discount for all patients on opening day. With nearly 550,000 registered medical marijuana patients in Florida, Trulieve continues to dominate the market by selling approximately half of the state's overall volume.
Trulieve Cannabis Corp. (OTC: TCNNF) will announce its Q1 2021 financial results on May 13, 2021, before market opening. A conference call led by management is scheduled for 8:30 AM ET to discuss these results. Interested participants can join via phone or through a live audio webcast. An archived version of the call will be available until May 20, 2021. Trulieve is a prominent cannabis company with a significant presence in the U.S., particularly in Florida, where it is the largest fully licensed medical cannabis operator.
Trulieve Cannabis Corp. has launched a series of expungement clinics in Florida, Georgia, and Massachusetts to celebrate the 50th anniversary of 420. These initiatives include clinics hosted by Minardi Law and partnerships with Minorities for Medical Marijuana, providing legal assistance for record sealing and expungement. Key events include Releaf Patient Appreciation Day on April 17 and a 4/20 Expungement Clinic on April 24. Additional support is provided for legal fees and court costs, emphasizing Trulieve's commitment to community improvement.
Trulieve Cannabis Corp. has acquired Solevo Wellness West Virginia LLC for $650,000, securing three dispensary permits in West Virginia. The deal includes an upfront payment of $150,000 in cash and $500,000 in subordinate voting shares. This transaction enhances Trulieve's presence in the West Virginia market, allowing the company to operate a total of nine dispensaries in the state. The acquisition is subject to West Virginia state regulatory approval and customary conditions.
Trulieve Cannabis Corp. has opened its 84th dispensary, marking its first location in Dunedin, Florida, on April 8, 2021. This new outlet aims to provide direct access to medical cannabis for local patients, joining the company’s 79 existing locations in Florida. Trulieve is offering a 25% discount for patients on opening day. There are over 520,000 registered medical marijuana patients in Florida, with Trulieve consistently capturing about half of the state's sales volume. The dispensary will follow strict health guidelines to ensure patient safety.
Trulieve Cannabis Corp. announced a public offering of 4,400,440 subordinate voting shares in the U.S. and Canada, with an option for underwriters to purchase an additional 660,066 shares. The offering is managed by Canaccord Genuity LLC, subject to market conditions and regulatory approvals. Net proceeds will primarily fund business development and general working capital. The registration statement with the SEC is pending effectiveness, and the shares will be offered across Canada, excluding Quebec.
Trulieve Cannabis Corp. has opened its 83rd dispensary in Sebring, Florida, marking a significant expansion in patient access to high-quality medical cannabis. This location is notable as it is the first dispensary in Highlands County. The opening aims to provide better access to medical cannabis as the patient registry surpasses 500,000 in Florida. On opening day, Trulieve will offer a 25% discount for all patients. The new dispensary also supports Trulieve's commitment to education and resources in the community.
Trulieve Cannabis Corp has elevated Eric Powers to Chief Legal Officer and appointed Ronda Sheffield as Chief Human Resources Officer, Zachary Kobrin as General Counsel, and Aaron Lopez as Director of Government Affairs, effective March 15, 2021. These appointments aim to strengthen Trulieve's legal, HR, and government affairs capabilities to better support its national expansion strategy as a leading cannabis brand. With a focus on growth, the new leadership team is poised to enhance organizational effectiveness and compliance within the evolving cannabis industry.
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