Trulieve Cannabis Corp. (TRUL) (TCNNF) has completed the cash purchase of an operational 64,000 sq. ft. cultivation facility located in Phoenix, Arizona, for $13.75M.
Kim Rivers, CEO of Trulieve, stated, “We are excited to close this acquisition, which aligns with our strategic priorities. The facility strengthens Trulieve’s presence in the cornerstone market of our Southwest hub, as well as expands our cultivation capacity. We look forward to serving more patients and customers throughout Arizona with our high-quality, proprietary brands.”
This acquisition gives Trulieve five cultivation facilities in Arizona, supplying 17 dispensaries.