Trulieve Cannabis Expands Into Fifth State with a Pair of Acquisitions

Trulieve Cannabis (OTC: TCNNF) is venturing quite some distance from its home base of Florida with its latest acquisitions. It announced Wednesday that it has purchase two companies in Pennsylvania, giving it its first assets in that state.

The two are PurePenn and Pioneer Leasing & Consulting, which grows and produces cannabis and related goods, and dispensary operator Keystone Relief Centers.

The former's primary asset is a 35,000-square-foot cultivation and processing facility in McKeesport. According to Trulieve, that facility is currently being enlarged to 90,000 square feet, and has room for further expansion.

Source Fool.com