US (OH): Acquisitions breathe new life into Greene County MMJ facility

There appears to be new life for the embattled medical cannabis growing and processing operation in Greene County two years after the facility was shut down by the state Department of Health.

After a new owner was able to get the operating permit renewed this spring, a blockbuster merger is now in the works to acquire that company in a mega-deal that will likely get the facility growing again.

Arizona-based Harvest Enterprises announced in early May that it had reached a settlement with the state for a conditional agreement to restart growing at the Cumberland Township facility after the original operator, AGRiMED Industries of PA LLC, lost its permit in July 2019.
 
Four days after reaching the settlement for the renewed permit, Harvest and Trulieve Cannabis Corp., of Tallahassee, Fla., held a joint news conference May 10 announcing Trulieve had acquired Harvest and its assets – including the Greene County facility – for $2.1 billion in stock shares. The acquisition was first reported by the Pittsburgh Post-Gazette.

Read more at observer-reporter.com


Publication date:



Receive the daily newsletter in your email for free | Click here


Other news in this sector:


Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber