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Trulieve Cannabis Corp (TCNNF) Completes Acquisition of Keystone Shops in Pennsylvania
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Trulieve Completes $60 Million Pennsylvania Medical Cannabis Dispensary Acquisition – New Cannabis Ventures
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Trulieve Completes Acquisition of Keystone Shops in Pennsylvania
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Trulieve Inks $60 Million Deal for Pennsylvania’s Keystone Shops
Chris Furnari - Apr 05, 2021 at 05:06 PM
Florida-based Trulieve Cannabis Corp. announced Monday plans to purchase Pennsylvania dispensary chain Keystone Shops in a deal valued at $60 million.
According to a news release, Trulieve will spend $20 million in cash and $40 million in subordinate voting shares to acquire three Keystone Shops from parent company Anna Holdings. Trulieve continues to bolster our national expansion efforts with acquisitions that both complement our current portfolio and strengthen our long-term strategy,” Trulieve CEO Kim Rivers said via the release. “The Keystone Shops are located in a densely populated area of Pennsylvania and with their staff s knowledgeable and customer-centric approach to patients, these dispensaries are valuable additions to our Pennsylvania portfolio.
April 5, 2021 at 7:30 am Published by NCV Newswire
Trulieve Expands Pennsylvania Footprint with Acquisition of Keystone Shops
The acquisition broadens Trulieve’s presence in Pennsylvania with three medical marijuana dispensaries in the Greater Philadelphia area, the most populated region in Pennsylvania
TALLAHASSEE, Fla., April 5, 2021 /CNW/ – Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, today announced that it has entered into a definitive agreement pursuant to which Trulieve has agreed to acquire from Anna Holdings LLC a dispensary license operating under Keystone Shops (“Keystone Shops”) with locations in Philadelphia, Devon, and King of Prussia.