Trulieve Obtains Processing Permit In West Virginia

While it may have lost out on receiving a growers permit within West Virginia, it appears the state was not entirely a lost cause for Trulieve Cannabis Corp (CSE: TRUL). The company this evening announced that it has obtained a processor permit by the West Virginia Office of Medical Cannabis.

The license brings the total number of states that Trulieve operates in to six, following somewhat aggressive plans conducted this year outside of its home state of Florida. Much speculation had surrounded the operator in terms of its West Virgina operations, when it was reported back in August by the Herald-Dispatch that the company had obtained local approval to operate a grow facility ahead of potentially receiving a license from the state.

Shareholder hopes were dashed in October however when the company lost out on being awarded one of just ten growers permits being granted in the state. This evenings news release however has reassured shareholders that money spent within the state was not a lost cause.

Commenting on the announcement, Trulieve CEO Kim Rivers stated, “As a processor, we look forward to bringing our Trulieve brand to West Virginia through wholesale opportunities, partnering with other companies to bring their products to market in the state, and executing on our strategic vision to be the leading customer-focused cannabis brand in the United States, with depth in the markets we choose to operate in. Our plan is to be operational as soon as possible to provide access to the patients in West Virginia.”

Operations within the state are expected to be online within the next six months.

Trulieve Cannabis Corp last traded at $35.85 on the CSE.


Information for this briefing was found via Sedar, Trulieve and the West Virginia Department of Health and Human Resources. 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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

First Majestic Posts Record Quarterly Silver Production In Q3

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

Related News

Trulieve Posts Revenues Of $136.3 Million In Third Quarter, $4.7 Million In Net Income

Trulieve Cannabis Corp (CSE: TRUL) reported their third quarter financial results this morning, reporting revenues...

Tuesday, November 17, 2020, 07:43:24 AM

Planet 13 Holdings Acquires Harvest Health’s Florida License For US$55.0 Million

The State of Florida continues to be a big ticket market for cannabis firms. Planet...

Wednesday, September 1, 2021, 09:15:11 AM

Trulieve Q2 2025: Wider Net Loss Despite Flat Revenue

Trulieve Cannabis (CSE: TRUL) has posted its Q2 2025 earnings, with revenue essentially flat at...

Wednesday, August 6, 2025, 03:50:00 PM

Trulieve Reports Q1 Revenues of $96.1 Million, Net Income of $14.0 Million

Trulieve Cannabis (CSE: TRUL) reported its first quarter 2020 financial results this morning, posting revenues...

Wednesday, May 20, 2020, 08:28:56 AM

Trulieve’s Net Losses In Q3 2022 Widened By Five Times

The cannabis firm sees revenue down sequentially while inventories are on an upward trend. Trulieve...

Thursday, November 10, 2022, 03:14:00 PM