Florida medical marijuana company becomes nation’s largest distributor
October 5, 2021 - Florida-based medical marijuana operator Trulieve Cannabis Corp. has closed a $2.1 billion deal, making it the largest medical marijuana distributor in the U.S. Trulieve acquired its former competitor Harvest Health & Recreation Inc. The deal combines both Trulieve and Harvest’s cash and cash equivalents of $289 million and $71 million, respectively. Under the deal, Trulieve will have 149 retail locations in 11 states and more than 3.1 million square feet of cultivation. Harvest’s 14 retail locations in Florida will be closed temporarily as they are converted to the Trulieve brand.