Trulieve's $25M Lawsuit Against Ohio Cannabis Companies Heats Up, Black Female Owners Respond
Portfolio Pulse from Maureen Meehan
Trulieve Cannabis Corp. (OTC: TCNNF) has filed a lawsuit against Harvest of Ohio and Harvest Grows, alleging unpaid debts of nearly $25 million. The lawsuit comes less than two years after a billion-dollar merger between Trulieve and Harvest Health & Recreation (HHR). The companies partnered with Trulieve and HHR due to their pledge to support diversity, equity, and inclusion (DEI). However, Harvest of Ohio and Harvest Grows accuse Trulieve and HHR of undermining their DEI pledge and using aggressive business strategies.
July 19, 2023 | 5:11 am
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Trulieve Cannabis Corp. is involved in a legal dispute with Harvest of Ohio and Harvest Grows over alleged unpaid debts. This could potentially impact the company's financials and reputation.
The lawsuit filed by Trulieve against Harvest of Ohio and Harvest Grows could potentially lead to financial losses for the company if the alleged debts are not paid. Additionally, the dispute could harm Trulieve's reputation, particularly given the accusations of undermining their pledge to support diversity, equity, and inclusion. This could potentially impact investor sentiment and the company's stock price.
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