Live Breaking News & Updates on Solevo Wellness|Page 2

Stay updated with breaking news from Solevo wellness. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Trulieve Cannabis buys Keystone Shops for $60 million, latest deal in Pa. land rush for weed retailers


Trulieve Cannabis buys Keystone Shops for $60 million, latest deal in Pa. land rush for weed retailers
Updated 9:36 AM;
By Erin Arvedlund, of The Philadelphia Inquirer
Trulieve Cannabis Corp. became the latest out-of-state marijuana company to snap up weed retailers in Pennsylvania, with the $60 million purchase of Keystone Shops.
The move signals a bet from an increasing number of companies in the marijuana sector that Pennsylvania will follow in the footsteps of neighboring New York and New Jersey and legalize recreational use.
“Stand-alone dispensaries have become the belle of the ball,” said Steve Schain, senior counsel at cannabis law firm Hoban Law Group. Amid New Jersey and New York’s legalization of adult-use marijuana, “the writing is on the wall” in Pennsylvania, Schain said. “The land grab is underway.” ....

United States , New York , New Jersey , West Virginia , Michael Badey , Tom Wolf , Erin Arvedlund , Steve Schain , Hoban Law Group , Verano Holdings , Canna Holdings , Keystone Relief Centers , Terravida Holistic Centers , Trulieve Cannabis Corp , Hoban Law , Amid New Jersey , Keystone Shops , Kim Rivers , Solevo Wellness , Henderson Road , ஒன்றுபட்டது மாநிலங்களில் , புதியது யார்க் , புதியது ஜெர்சி , மேற்கு வர்ஜீனியா , டோம் ஓநாய் , ஹோபன் சட்டம் குழு ,

Trulieve Inks $60 Million Deal for Pennsylvania's Keystone Shops


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. ....

United States , State Of Florida , West Virginia , Mike Badey , Canaccord Genuity , Canna Holdings , Keystone Relief Centers Solevo Wellness , Trulieve Cannabis Corp , Exchange Commission , Fox Rothschild , Canadian Securities Exchange , Syndicate Department , Trulieve Cannabis , Keystone Shops , Keystone Relief Centers , Solevo Wellness , Expands Pennsylvania Footprint , Greater Philadelphia , Transaction Benefits , Trulieve Shares , Private Securities Litigation Reform Act , Annual Report , United Sates Securities , Announces Proposed Public Offering , Subordinate Voting Shares , Registration Statement ,