Florida firm buys Worcester cannabis dispensary for $13.5M – Worcester Business Journal

Trulieve Cannabis Corp. of Florida announced on Wednesday it had completed a $13.5-million acquisition of Nature’s Remedy’s Worcester assets.

Trulieve said it acquired Nature’s Remedy’s assets at 142-148 Southbridge St., next to Union Music, which include a final adult use retail license from the Massachusetts Cannabis Control Commission, a host community agreement with the City of Worcester, and other government authorizations to allow for the operation of a cannabis dispensary.

In April, another Florida cannabis firm, Jushi Holdings Inc., announced it would buy Nature’s Remedy’s other two dispensaries — in Millbury and Tyngsborough — as well as a cultivation and production facility in Lakeville, for $110 million. Jushi said on Thursday the purchase remains in process and is expected to close in the second half of 2021.

Trulieve purchased the Worcester assets through $7 million in cash, and the remaining in shares of Trulieve currently valued at $6 million.

The Worcester dispensary will serve adult-use and medical customers, according to the company website.

Trulieve, which has operations across the U.S., has one other Massachusetts dispensary, in Northampton.

Read More Here…

Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

 

Bud Digest

Scroll to Top