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Trulieve Inks $60 Million Deal for Pennsylvania's Keystone Shops


Trulieve Inks $60 Million Deal for Pennsylvania’s Keystone Shops
Chris Furnari - Apr 05, 2021 at 05:06 PM
Florida-based Trulieve Cannabis Corp. announced Monday plans to purchase Pennsylvania dispensary chain Keystone Shops in a deal valued at $60 million.
According to a news release, Trulieve will spend $20 million in cash and $40 million in subordinate voting shares to acquire three Keystone Shops from parent company Anna Holdings.
Trulieve continues to bolster our national expansion efforts with acquisitions that both complement our current portfolio and strengthen our long-term strategy,” Trulieve CEO Kim Rivers said via the release. “The Keystone Shops are located in a densely populated area of Pennsylvania and with their staff s knowledgeable and customer-centric approach to patients, these dispensaries are valuable additions to our Pennsylvania portfolio. ....

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