Trulieve Cannabis Corp. (“Trulieve”), a leading and top-performing cannabis company in the United States, today announced that it has entered into a definitive agreement pursuant to which Trulieve has agreed to acquire from Anna Holdings LLC a dispensary license operating under Keystone Shops (“Keystone Shops”) with locations in Philadelphia, Devon, and King of Prussia. Trulieve has agreed to acquire Keystone Shops for an upfront payment of $60 million, comprised of $40 million in Trulieve subordinate voting shares (“Trulieve Shares”) and $20 million in cash. The deal does not carry a deferred payment or an earn-out period. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close during the second quarter of 2021.
Published Ncv Newswire, New Cannabis Ventures, 04/05/2021 07:48:00