Tallahassee, FL--Trulieve Cannabis Corp. announced last month in a press release the closing of the acquisition of Greenhouse Wellness West Virginia Dispensaries LLC, holder of a West Virginia dispensary permit. Trulieve paid an immaterial amount of cash consideration for the transaction.
[Image source: Trulieve]
Greenhouse was awarded the dispensary permit in Martinsburg, West Virginia, in January 2021. This location, combined with Trulieve's nine other dispensary permits, are spread across many of the most populous areas in the state. Trulieve currently operates medical dispensaries in Morgantown and Weston. Several new locations are slated to open throughout the state in the coming months.
"This acquisition broadens our ever-expanding presence in West Virginia," said Kim Rivers, CEO of Trulieve, in the press release. "We now have cultivation, processing and 10 dispensary permits in the state. Trulieve is committed to investing in communities where we operate and will serve West Virginia patients by offering expanded access to high quality products and providing exceptional customer experiences."
The transaction has been approved by the West Virginia Department of Health and Human Resources.