Monday, October 6, 2025

Latest

Trulieve Cannabis To Acquire Harvest Health For $2.1 Billion

Consolidation among US based multi state operators has officially begun. Trulieve Cannabis (CSE: TRUL) this morning announced that it will be acquiring Harvest Health & Recreation (CSE: HARV), creating what has been defined as the “most profitable multi state operator in the world largest cannabis market.”

The transaction is being pitched from a profitability standpoint, with the combined entity reportedly projected to have 2020 adjusted EBITDA of $266 million, and 2021E combined adjusted EBITDA of $461 million. The transaction is also expected to result in the largest US cannabis operator on a “combined retail and cultivation footprint basis.”

The transaction has been pegged at a total value of $2.1 billion, with consideration to consist of Trulieve shares. For each share of Harvest held, investors are to receive 0.1170 of a subordinate voting share of Trulieve. Upon closing, the combined entity is expected to have operations in 11 states, including 22 cultivation and processing facilities and 126 dispensaries.

The transaction implies a price per share of US$4.79 for Harvest shareholders, a 34% premium to Friday’s closing price. Harvest is expected to own 26.7% of the resulting entity. A shareholders meeting is to be held in the third quarter to approve the transaction, with over 50% of the voting power of Harvest already having entered into voting support agreements for the transaction. A US$100 million termination fee has also been agreed to by both parties.

Trulieve Cannabis last traded at $49.70 on the CSE.


Information for this briefing was found via Sedar and Trulieve Cannabis Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Trulieve Records $120.8 Million In Revenue In Q2, Net Income of $6.6 Million, Raises Guidance

Trulieve Cannabis Corp (CSE: TRUL) reported its second quarter 2020 earnings this morning, reporting record...

Wednesday, August 12, 2020, 07:53:43 AM

Trulieve Cannabis Posts Q1 Revenues Of $318.3 Million, Net Loss

Trulieve Cannabis (CSE: TRUL) this morning reported its first quarter 2022 financial results. Results were...

Thursday, May 12, 2022, 08:00:06 AM

Trulieve Reports Revenue Of $193.8 Million, Net Income Of $30.1 Million For Q1 2021

Trulieve Cannabis Corp (CSE: TRUL) this morning reported its first quarter 2021 financial results this...

Thursday, May 13, 2021, 07:21:23 AM

Trulieve Revealed To Be Contesting US$35K Fine Imposed Following Cannabis Dust-Related Death

A preliminary inspection report from the U.S. Department of Labor’s Occupational Safety and Health Administration...

Wednesday, October 5, 2022, 10:57:00 AM

Trulieve Cannabis Closes Acquisition Of Harvest Health

Trulieve Cannabis (CSE: TRUL) has finally completed the acquisition of Harvest Health (CSE: HARV). It...

Friday, October 1, 2021, 07:43:45 AM