Trulieve Seeks To Reclaim Debt, Enters Multi-Million Dollar Legal Battle With Ohio Dispensaries
Portfolio Pulse from Jelena Martinovic
Trulieve Cannabis Corp. (OTC:TCNNF) has filed a lawsuit against Harvest of Ohio and Harvest Grows, seeking to reclaim $23.8 million in unpaid loans and other fees. The lawsuit alleges that the Ohio-based cannabis operators have not been negotiating in good faith to repay the debt. This follows Trulieve's billion-dollar merger with Harvest Health & Recreation Inc in October 2021, which required Trulieve to continue financially assisting the Ohio Harvest companies.
July 18, 2023 | 3:08 pm
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Trulieve Cannabis Corp. is involved in a legal battle to reclaim $23.8 million in unpaid loans and fees from Harvest of Ohio and Harvest Grows. This could potentially impact the company's financials and reputation.
The lawsuit filed by Trulieve Cannabis Corp. against Harvest of Ohio and Harvest Grows could potentially impact the company's financials if the debt is not repaid. Additionally, the ongoing legal battle could also affect the company's reputation, which may influence investor sentiment and the company's stock price.
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