Fox Rothschild Represents Trulieve in Acquisition of Solevo Wellness West Virginia

April 15, 2021 – Press Releases

A Fox Corporate Cannabis team led by Sean P. Coyle represented Trulieve Cannabis Corporation (CSE: TRUL) (OTCQX: TCNNF), a leading cannabis company in the United States, in its acquisition of Solevo Wellness West Virginia LLC and its three West Virginia dispensary permits.

Trulieve has agreed to acquire Solevo and its three dispensary permits for $650,000 with an upfront payment of $150,000 in cash, and $500,000 in Trulieve subordinate voting shares. The transaction is contingent upon regulatory approval by the state of West Virginia and customary closing conditions.

The deal further strengthens Trulieve’s foothold in West Virginia, coming shortly after the company agreed to acquire Mountaineer Holding LLC, which included a cultivation permit and two additional dispensary permits.

Coyle was assisted by Fox attorneys Joshua Ashby and Kimberly L. Kwan.