Trulieve Cannabis Corp’s Acquisition of Solevo Wellness West Virginia

Fox Rothschild LLP advised Trulieve Cannabis Corporation on the deal.

Trulieve Cannabis Corporation (CSE: TRUL) (OTCQX: TCNNF), a leading cannabis company in the United States, announced its acquisition of Solevo Wellness West Virginia LLC and its three West Virginia dispensary permits.

Trulieve has agreed to acquire Solevo and its three dispensary permits for $650,000 with an upfront payment of $150,000 in cash, and $500,000 in Trulieve subordinate voting shares. The transaction is contingent upon regulatory approval by the state of West Virginia and customary closing conditions.

The deal further strengthens Trulieve’s foothold in West Virginia, coming shortly after the company agreed to acquire Mountaineer Holding LLC, which included a cultivation permit and two additional dispensary permits.

The Fox team was led by Sean P. Coyle (Picture) and also included  Joshua Ashby and Kimberly L. Kwan.

 

Involved fees earner: Joshua Ashby – Fox Rothschild; Sean Coyle – Fox Rothschild; Kimberly Kwan – Fox Rothschild;

Law Firms: Fox Rothschild;

Clients: Trulieve Cannabis Corp;

Author: Martina Bellini