Trulieve Cannabis and a Black cannabis entrepreneur in Ohio are leveling accusations at one another over an alleged unpaid debt of nearly $24 million that the Florida-based multistate operator has sued to recover.
Last week, less than two years after a “billion-dollar merger,” Florida-based Trulieve sued Harvest of Ohio, alleging $23.8 million in unpaid debts.
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In October 2021, Trulieve acquired Arizona-based Harvest Health & Recreation in an all-stock deal that allowed Trulieve to expand to 11 states.
According to Benzinga, the deal also meant “financially assisting” four Ohio-based Harvest cannabis businesses, which won licenses in part because of preferential licensing for social-equity applicants.
Harvest of Ohio – the parent company also known as the Harvest of OH Companies – operates three retail medical cannabis dispensaries as well as a cultivation license.
Trulieve filed a complaint against Harvest July 14 in the Franklin County Court of Common
Read full article on Marijuana Business Daily
