Trulieve Cannabis Lands 2 Ohio Licenses In Settlement With Black-Owned Operator
Harvest and Trulieve have been at odds over an alleged debt of nearly $24 million
Marijuana multistate operator Trulieve Cannabis Corp. is scooping up two retail licenses in Ohio ahead of the launch of adult-use sales in that state as part of a lawsuit settlement with a Black-owned company.
For nearly a year, Harvest of Ohio and Trulieve have been at odds over an alleged debt of nearly $24 million.
According to initial court filings, Florida-based Trulieve accused Harvest of using that money to fund six-figure salaries while pressing for more capital.
In response, Harvest said Trulieve was attempting to subvert Ohio’s social equity provisions to seize more market share.
Harvest won the permits in part because of the preferential licensing provided by the state’s social equity program.
Trulieve acquired an interest in Harvest’s permits through its 2021 acquisition of Arizona-based Harvest Health & Recreation.
To Read The Rest Of This Article On MJ Biz Daily, Click Here
