On the Record · Trulieve Cannabis
Trulieve Cannabis acquisitions, on the record
The businesses Trulieve Cannabis bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Harvest Health & Recreation, Inc. ("Harvest")Word for word“The increase in revenue is due to contributions from acquisitions, most notably, Harvest Health & Recreation, Inc. ("Harvest") in October 2021 and Anna Holdings, LLC ("Keystone Shops") in July 2021, continued expansion into new states such as Massachusetts and West Virginia, and additional dispensaries opened in existing markets.” 10-K for 2023 | acquisition | in October 2021 | — |
Anna Holdings, LLC ("Keystone Shops")Word for word“The increase in revenue is due to contributions from acquisitions, most notably, Harvest Health & Recreation, Inc. ("Harvest") in October 2021 and Anna Holdings, LLC ("Keystone Shops") in July 2021, continued expansion into new states such as Massachusetts and West Virginia, and additional dispensaries opened in existing markets.” 10-K for 2023 | acquisition | in July 2021 | — |
Watkins Cultivation OperationWord for word“Additionally, the prior period included the cash payment of $27.8 million related to the acquisition of the Watkins Cultivation Operation.” 10-K for 2023 | acquisition | — | $27.8 million |
Harvest Health & Recreation Inc.Word for word“2.2 Arrangement Agreement, dated May 10, 2021, between Trulieve Cannabis Corp. and Harvest Health & Recreation Inc. (incorporated by reference to Exhibit 2.1 to the Company’s Quarterly Report on Form 10-Q filed with the SEC on May 13, 2021 (File No. 000-56248))” 10-K for 2023 | agreed acquisition | May 10, 2021 | — |
Formula 420 Cannabis LLCWord for word“On December 22, 2022, the Company acquired 100 % of the membership interests of Formula 420 Cannabis LLC ("Formula 420") the holder of an Arizona adult-use license that became operational in October 2022.” 10-K for 2024 | acquisition | On December 22, 2022 | — |
Greenhouse Wellness WV Dispensaries, LLCWord for word“On April 26, 2022, the Company acquired 100 % of the membership interests of Greenhouse Wellness WV Dispensaries, LLC ("Greenhouse WV"), the holder of a West Virginia dispensary permit and a lease for a not yet operating dispensary location.” 10-K for 2024 | acquisition | On April 26, 2022 | — |
Non-controlling interest in consolidated VIE dispensary businesses in OhioWord for word“In 2024, the Company entered into a settlement agreement with the non-controlling interest holders of consolidated VIEs in Ohio in which the Company acquired the remaining ownership interest in dispensary businesses and agreed to provide funding and operational support for a cultivation and production business with new unrelated third parties.” 10-K for 2024 | acquisition | In 2024 | — |
Subsidiary ownership increase to 100% (issued Subordinate Voting Shares to equity holders)Word for word“and on December 6, 2024, the Company issued 324,977 Subordinate Voting Shares to acquire an additional 10% ownership in the subsidiary, raising the Company's ownership in such subsidiary to 100%.” 10-K for 2024 | acquisition | On December 6, 2024 | 324,977 Subordinate Voting Shares |
dispensary businesses in Ohio (remaining ownership interest from non-controlling interest holders of consolidated VIEs)Word for word“In 2024, the Company entered into a settlement agreement with the non-controlling interest holders of consolidated VIEs in Ohio in which the Company acquired the remaining ownership interest in dispensary businesses and agreed to provide funding and operational support for a cultivation and production business with new unrelated third parties.” 10-K for 2025 | acquisition | In 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2019-12-31 | $19.8 million |
| 2020-12-31 | $27.9 million |
| 2021-12-31 | −$43.5 million |
| 2022-12-31 | $27.8 million |
| 2023-12-31 | $0 |
| 2024-12-31 | $0 |
Deal filings since 2016
- 2026-08-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-08-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2026-06-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-06-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2026-01-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-12-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-12-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-10-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-10-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from Trulieve Cannabis’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.