Trulieve Buying Harvest Health In $2.1 Billion Mega-Deal
The combined multistate marijuana operator will operate in 11 states
Florida-based Trulieve Cannabis announced an agreement to acquire Arizona-based Harvest Health & Recreation in an all-stock deal valued at about $2.1 billion and touted as the largest U.S. marijuana transaction to date.
The combined multistate marijuana operator will operate in 11 states, with a total of 22 growing and processing facilities and 126 medical and recreational cannabis dispensaries stretching across the Southeast, Northeast and Western United States.
In a Monday morning news release, the companies said the blockbuster deal will create the nation’s largest cannabis company based on their combined retail and cultivation footprint.
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