Who owns Trulieve?

Trulieve is a vertically integrated cannabis company. Trulieve is a multistate operator in the United States operating in states where recreational and medical use of cannabis is legal, and they have hubs in Arizona, Florida, and Pennsylvania.

The company operates in regulated markets that require knowledge in cultivation, manufacturing, retail, and logistics.

The company is headquartered in Quincy, Florida, and their product line includes the following brands:

• Momenta

• Muse

• Sweet Talk

• Alchemy

• Avenue

• Co2lors

• Loveli

The company utilizes various extraction techniques, including:

• Critical ethanol extraction

• Carbon dioxide extraction

• Hydrocarbon extraction

• Mechanical separation

The company also utilizes distillation, purification, and manufacturing technology to produce a range of cannabis topicals and vapes containing cannabinoids.

Trulieve was launched in 2014 after Florida lawmakers approved non-euphoric cannabis for patients with severe epilepsy. The company boomed after Florida voters passed a constitutional amendment in 2016 that broadly legalized medical cannabis.

Trulieve was the first licensee to have cultivation facilities up and running, the first to open a dispensary in the state of Florida, and the first to serve a patient. They were also the first to make a home delivery and the first to sell statewide.

For the quarter ending September 2021, Trulieve reported a net revenue increase of 64% year-over-year to $224.1 million and a gross profit of $153.9 million. The company opened seven new dispensaries, increasing its retail footprint to 101 locations across the United States, and it had approximately 9,000 employees.