Florida-based medical cannabis firm Trulieve Cannabis has secured $25m of gross proceeds from a five-year loan. The company will pay interest of 8.31% until the loan matures. The deal, arranged with First Federal bank, gives Trulieve greater flexibility, according to CEO Kim Rivers. She said the loan would boost the company's cash position as it gears up for growth opportunities. The company revealed the financing at the same time as the opening of two new medical dispensaries in Florida: one in Crawfordville and another in Crestview. Trulieve will stock products from in-house brands Modern Flower, Muse, Trekkers and many others. The dispensaries will also carry product from partner brands, including Alien Labs.
Trulieve Cannabis Corp. announced the opening of two new medical dispensaries in Crawfordville and Crestview, Florida. Grand opening celebrations will be held in Crawfordville on December 29 and.
Trulieve Cannabis Corp. on Wednesday rose 4.5% on last look after reporting that it will open two new medical dispensaries in Crawfordville and Crestview, Florida.
The Crawfordville dispensary.
Trulieve Cannabis Corp. (OTCMKTS:TCNNF – Get Free Report) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 470,500 shares, a decrease of 33.2% from the October 31st total of 703,900 shares. Based on an average trading volume of 579,200 shares, […]
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States, today announced the opening of a new medical dispensary located at 4256 Lafayette Street in Marianna, Florida.