Trulieve Begins WV Cultivation
TCNNF is a USA long.
Trulieve opened its cultivation facility in Huntington, WV, yesterday. The facility is 100,000 square feet and will supply several dispensaries in the state as Trulieve does not have any retail locations in WV....yet. "West Virginia patients have been waiting on medical cannabis for some time, and we are happy to announce we have planted our first crop," said Trulieve Chief Executive Officer Kim Rivers. "As we have demonstrated in our home state of Florida, Trulieve is dedicated to providing meaningful access to patients. We look forward to introducing the Trulieve brand in the state, providing patients with the highest quality products to meet their medical needs." As of June 30, 2021, WV has over 2,300 patients enrolled in its medical cannabis program. Additionally, Trulieve continues to expand beyond their home state of Florida with five operations outside of the state, along with the acquisition of Harvest Health expected to close in September.
Maine Tracker
Adult-use sales in Maine continue to show strong growth. June sales increased 20.7% to $6.5 Million, with the largest increase from infused product sales. The annual run rate for Maine is about $50 Million for adult use which we expect to grow. Acreage Farms and Curaleaf are the two public companies with footprints in Maine.
Ohio Tracker
Medical sales in Ohio have remained fairly consistent for the past five months, with average sales of $7 Million. However, this past week the state had sales of $8 Million, a 105% increase over last year. Ohio has an annual run rate of $346 Million. Several large US MSOs have operations in the state.
