Trulieve, a cannabis company that operates across 11 U.S. states, has completed the acquisition of Arizona-based Harvest Health & Recreation Inc.
As a result of the deal, Harvest shares will be delisted from the Canadian Securities Exchange at the close of trading on Oct. 4, 2021, notes Green Report.
In August, Trulieve reported revenues of US$215.1 million ($272 million) for the second quarter, with a net income of US$40.9 million ($51.8 million). In the same period, Harvest reported revenues of US$102.5 million ($129 million).
“This combination brings together two companies with depth and scale in key markets, providing a platform for growth for years to come,” said Steve White, CEO of Harvest. “Trulieve’s customer-centric values match well with Harvest’s dedication to improving lives through the goodness of cannabis,” White added.
When the deal was announced in May, Rivers called it “the
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