News - moving into NE... Go TCNNF!
Trulieve to Acquire Connecticut-based Dispensary The Healing Corner
9:19 AM ET 5/16/19 | Dow Jones
Increases the number of U.S. states Trulieve operates in to four
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TORONTO, May 16, 2019 /CNW/ - Trulieve Cannabis Corp. ("Trulieve" or the "Company") (CSE: TRUL) today announced that the Company has entered into an agreement dated May 16, 2019, to acquire 100 percent of The Healing Corner, Inc. (the "Healing Corner"), a medical marijuana dispensary located in Bristol, Connecticut.
"Expanding and diversifying beyond our Florida base is key to our strategic vision. This further growth in the New England region is an important step as we move forward with establishing Trulieve as a national presence in the cannabis sector," said Kim Rivers, CEO of Trulieve. "We look forward to providing patients across the Connecticut medical marijuana market with the exceptional customer service and best-in-class products that Trulieve is known for."
The Healing Corner was founded in 2014 and provides a range of medical marijuana products from their dispensary in Bristol, Connecticut. Patients may also reserve their medical marijuana order through The Healing Corner's Canna-Fill online system.
"The Healing Corner and Trulieve share the same passion and commitment to patients' care and providing them with a truly professional full-service customer experience," said Geri Ann Bradley, Owner and Pharmacist at The Healing Corner. "This alignment of values and strength of offering will certainly benefit medical cannabis patients in Connecticut."
Completion of the proposed acquisition is subject to a number of conditions including, but not limited to, receipt of regulatory approvals. There can be no assurance that the acquisition will be completed as proposed or at all. Canaccord Genuity Corp. acted as agent in connection with a brokered private placement of debt securities of the Company to assist in the financing of the acquisition.
About The Healing Corner
The Healing Corner is located at the corner of three Connecticut counties, Hartford, New Haven, and Litchfield, providing convenient patient access. Pharmacist operated, The Healing Corner takes pride in providing patients with one-on-one consultations on product selection, dosage, and route of administration. The Healing Corner's dedicated team is passionate about delivering new and effective ways to bring relief and comfort to its patients. The Healing Corner's priority is to educate and empower its patients to gain control of their lives and nd healing and happiness.
About Trulieve
Trulieve is a vertically integrated "seed to sale" company and is the first and largest fully licensed medical cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL.
