Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, is pleased to share that Harvest Health & Recreation Inc. (“Harvest”) (CSE: HARV, OTCQX: HRVSF) has obtained the final order from the Supreme Court of British Columbia approving the previously announced arrangement agreement, pursuant to which Trulieve Cannabis Corp. has agreed to acquire all of the issued and outstanding shares of Harvest.
Trulieve, a leading multi-state operator with a focus on the northeast and southeast regions of the United States, and Harvest, a leading multi-state operator with a focus on the west coast and northeast regions of the United States, have built deep, vertically integrated operations in their key markets, becoming leading operators in the United States, the world’s largest regulated cannabis market. Upon completion, the transaction creates the most profitable multi-state operator in the world’s largest cannabis market.
“We couldn’t be happier with this news from the Supreme Court of British Columbia approving our previously announced arrangement,” said Kim Rivers, Chief Executive Officer of Trulieve. “Following Harvest’s strong Q2 performance and the recent shareholder vote in support of the transaction, we are closer than ever to completing this transformational event for Trulieve and the cannabis industry.”
Upon completion of the Transaction, as well as the closing of other previously announced acquisitions by Harvest and Trulieve, the combined business will have operations in 11 states, a total cultivation capacity of more than 3 million square feet, and more than 140 dispensaries serving both the medical and adult-use recreational cannabis markets.