Florida-based multistate marijuana operator Trulieve Cannabis is shutting down operations in Massachusetts and further downsizing in California.
The company hopes the moves will “preserve cash and improve financial performance,” according to a news release.
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Trulieve’s three Massachusetts dispensaries – in Framingham, Northampton and Worcester – will close on June 3. Its cultivation and processing facility in Holyoke will shutter by year’s end.
The company also will close its marijuana retail location in Grover Beach, California.
A request to Trulieve for more information wasn’t immediately returned.
Kim Rivers, Trulieve’s chief executive officer, said in a statement that the most recent cuts are part of the company’s plans to jettison “non-contributive assets” and grow its core markets.
In Florida, one of Trulieve’s core markets, the company has contributed more than $25 million toward an adult-use cannabis legalization advocacy campaign.
Trulieve reduced its California footprint, shuttered its Nevada
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