Trulieve Announces Litigation Settlement and Acquisition of Ohio Assets – Yahoo Canada Finance

Trulieve adds two medical dispensaries in Beavercreek and Columbus to Ohio footprint

TALLAHASSEE, Fla., May 30, 2024 /PRNewswire/ — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the U.S., today announced that it has reached an agreement resolving the active litigation.

Trulieve logo (PRNewsfoto/Trulieve Cannabis Corp.)

In accordance with the settlement, Trulieve will acquire Harvest of Ohio, LLC, which will hold licenses for medical cannabis dispensaries in Columbus and Beavercreek.  The Harvest of OH medical cannabis dispensary in Athens will be transferred to Ariane Kirkpatrick and will be rebranded under the name Mavuno.  Separately, Kirkpatrick will divest ownership of Harvest Grows, LLC and Harvest Processing, LLC, which operate a production facility in Ironton, to unrelated third parties.  Trulieve will enter into service agreements to provide operational support to the Ironton production facility.  Trulieve will pay an immaterial amount to Kirkpatrick. Other terms of the resolution remain confidential.

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Kim Rivers, Trulieve CEO stated, “We are happy to announce the resolution of our litigation that triples our footprint in Ohio.  We look forward to serving medical patients and adult use customers when permitted.”

Rivers continued, “We are also excited to work with

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