Medical Marijuana Giant Trulieve Resolves Legal Dispute In Ohio As Recreational Cannabis Rules Go Into Effect
Portfolio Pulse from Jelena Martinovic
Trulieve Cannabis Corp. has resolved its legal dispute with Harvest of Ohio LLC, acquiring licenses for medical cannabis dispensaries in Columbus and Beavercreek. The settlement also involves transferring the Athens dispensary to Ariane Kirkpatrick and divesting Harvest Grows and Harvest Processing to third parties. Trulieve will provide operational support to the Ironton facility and pay an immaterial amount to Kirkpatrick.
May 30, 2024 | 6:41 pm
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Trulieve Cannabis Corp. has resolved its legal dispute with Harvest of Ohio LLC, acquiring licenses for medical cannabis dispensaries in Columbus and Beavercreek. This settlement expands Trulieve's footprint in Ohio and positions it for future growth in the recreational cannabis market.
The resolution of the legal dispute and acquisition of new licenses significantly expand Trulieve's presence in Ohio, positioning the company for growth in both the medical and upcoming recreational cannabis markets. This is likely to have a positive short-term impact on the stock price.
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