STOCK TITAN

Trulieve Expands Reach in Pinellas County, Opens New St. Petersburg Location

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Trulieve Cannabis Corp. has opened its 59th dispensary in St. Petersburg, Florida, expanding access to medical cannabis for patients in Pinellas County. This new location, set to open on August 28, 2020, will offer a 25% discount to all patients visiting on opening day. Trulieve, a leading cannabis company, emphasizes a customer-driven retail experience. The company monitors safety protocols amidst the coronavirus pandemic and aims to provide patients with Florida's largest selection of THC and CBD products, available for online ordering and home delivery.

Positive
  • Opening of 59th dispensary enhances patient access to medical cannabis.
  • Offering a 25% discount to promote customer engagement.
  • Trulieve maintains position as the leading medical cannabis provider in Florida, consistently selling about half of the state's overall volume.
Negative
  • None.

The Company's 59th location delivers on company mission to provide patients with highest level of cannabis products and customer experience through expanded, direct access to medication  

ST. PETERSBURG, Fla., Aug. 27, 2020 /PRNewswire/ - Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company based in the United States, announced today the opening of its latest Florida dispensary. Starting on Friday, August 28th, St. Petersburg-Tyrone will be home to the Company's 59th dispensary nationwide and 57th in Florida. It will be the Company's second dispensary in St. Petersburg and will directly support patients throughout Pinellas County.

Located off 22nd Avenue, the dispensary supports Trulieve's goal of expanding and ensuring direct, reliable patient access to medical cannabis across its homestate of Florida. It also joins the Company's 56 other dispensaries statewide, including our St. Petersburg North location and others throughout Tampa and Clearwater.

"We believe in creating a culture of authentic, customer-driven retail experiences, and we've learned a lot about that in our three years in St. Petersburg. Connecting with patients, working with them towards better, natural relief has led to some truly great and innovative products. Thanks to the support of our strong Truliever community, we've been fortunate to see incredible growth since we first opened a store in St. Pete three years ago, and expanding access to the medications they've come to rely on is one of the ways we can say 'thank you,'" said Trulieve CEO Kim Rivers. "Trulieve is looking forward to many more years of compassionate care and ground-breaking innovation for our Pinellas patients."

To commemorate the brand-new dispensary, all patients — from those new to Trulieve to the dedicated Truliever community — will be eligible for a 25% in-store discount at the St. Petersburg-Tyrone location on opening day. In line with policies that have been adopted statewide, all visitors will be required to wear masks inside the dispensary. At this time, only patients and their state-approved caregivers will be allowed inside the waiting room and dispensary.

ANNOUNCING: Trulieve St. Petersburg-Tyrone Opening
WHERE: 6752 22nd Avenue N, St. Petersburg, Florida 33710
WHEN: Friday, August 28, 2020, at 9:00 AM

To assist patients with ordering, Trulieve has made our entire catalog of products available for online ordering, with in-store pickup, curbside pickup (at select locations), or statewide home delivery options available. Furthermore, to assist with CDC recommendations for social distancing and in compliance with additional company-enforced safety guidelines, several measures have been taken to ensure the health and well-being of employees and patients, including modifying the store layout, installation of plexiglass partitions and HEPA air filtration scrubbers in the dispensaries, increasing access to masks and sanitizer throughout the store for staff and visitors, utilizing visual aids to direct traffic throughout the store, and increasing the frequency of deep cleanings for all dispensaries.

Trulieve is closely monitoring the coronavirus situation and will update store policies as needed to ensure the safety of patients and staff; all updates will be shared directly on Trulieve's website as they are enacted.

As the state's leading medical cannabis provider, Trulieve's employees are experienced, knowledgeable, and eager to help patients. Trulieve encourages potential patients, as well as patients who are new to cannabis and to our wide array of products, to connect with the staff in-store or through the online chat feature to learn more.

In stores and online, patients will find Florida's largest selection of THC and CBD products, available in a variety of delivery methods, including smokable cannabis, concentrates, tinctures, topical creams, vaporizers, and more. Trulieve also offers home delivery statewide for patients, and convenient in-store pick-up at its 57 dispensaries in locations across the state from Pensacola to Key West.

The Office of Medical Marijuana Use recently announced the registry was at nearly 400,000 registered medical marijuana patients with an active ID card, with Trulieve consistently selling approximately half of the state's overall volume, per the Florida Department of Health. To support the state's rapidly growing patient base, there are more than 2,500 registered ordering physicians in the State of Florida.

For more information, please visit www.Trulieve.com.

About Trulieve 
Trulieve is a vertically integrated "seed-to-sale" company and is the first and largest fully licensed medical 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, Massachusetts, and Connecticut. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF.

To learn more about Trulieve, visit www.Trulieve.com.

Cision View original content:http://www.prnewswire.com/news-releases/trulieve-expands-reach-in-pinellas-county-opens-new-st-petersburg-location-301119652.html

SOURCE Trulieve Cannabis Corp.

FAQ

What is the significance of Trulieve's new St. Petersburg dispensary opening on August 28, 2020?

The opening increases patient access to medical cannabis in Pinellas County, reinforcing Trulieve's commitment to expanding its footprint in Florida.

How many dispensaries does Trulieve have in Florida?

Trulieve now has 57 dispensaries in Florida, with the St. Petersburg location being the 59th nationwide.

What discounts will be available at Trulieve's new St. Petersburg location?

All patients will receive a 25% discount on their purchases on the opening day, August 28, 2020.

What safety measures is Trulieve implementing amid the COVID-19 pandemic?

Trulieve is modifying store layouts, installing plexiglass partitions, and enforcing safety protocols including mask-wearing and frequent cleanings.

What is the market presence of Trulieve in Florida?

Trulieve is the first and largest fully licensed medical cannabis company in Florida, offering a vast selection of THC and CBD products.

TRULIEVE CANNABIS CORP

OTC:TCNNF

TCNNF Rankings

TCNNF Latest News

TCNNF Stock Data

1.61B
147.97M
5.34%
8.97%
Drug Manufacturers - Specialty & Generic
Healthcare
Link
United States of America
Quincy