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Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has agreed to resolve its litigation with the vertically integrated Harvest of OH operation. The parties said in a statement that they have agreed upon an amicable separation that will allow each to continue growing in the ever-changing Ohio market, as adult use is on the horizon.

Trulieve said it will acquire Harvest of Ohio, LLC, which will hold licenses for medical cannabis dispensaries in Columbus and Beavercreek.  The Harvest of OH medical dispensary in Athens will be transferred to Ariane Kirkpatrick as 100% owner and will be rebranded under the name Mavuno, a Swahili word for harvest, yield, and provide.  Separately, Harvest of OH said it will divest ownership of its production facility in Ironton to unrelated third parties.  The statement said that other terms of the resolution remain confidential.

Trulieve CEO Kim Rivers said, “We are happy to announce the resolution of our litigation that triples our footprint in Ohio.  We look forward to serving medical patients and adult-use customers when permitted. We are also excited to work with the new owners at the Ironton production facility.  With our advice and support, we are certain these operators can produce the high-quality products Trulieve is known for.”

Conflict boils over

The conflict stemmed from a partnership that Kirkpatrick, 51% majority owner, formed with Harvest Health and Recreation, LLC., an Arizona-based multi-state operator which later was acquired by Trulieve.  Since its formation, the Black woman-owned and family-operated Harvest of OH,  was one of the few vertically integrated Ohio cannabis operations, consisting of medical dispensaries located in Columbus, Athens, and Beavercreek, and cultivation and processing operations co-located in Ironton.

Last year Green Market Report wrote that Trulieve filed a civil lawsuit against the former business partner in Ohio Harvest Health & Recreation over nearly $24 million in debts. Trulieve spokeswoman Nicole Yelland said the company had granted 15 delays to Harvest of Ohio on its repayment schedule. Harvest of Ohio fired back at Trulieve and said the Florida company backed out on promises it made “in a bid to gain control of the businesses built by women and people of color, kicking them to the curb.”

At the time, Harvest of Ohio said it believed that Harvest Health & Recreation only used its Ohio affiliate to inflate expenses and also interfered directly with company operations. That interference, they alleged, extended to Harvest of Ohio’s attempts to repay its debts owed to Trulieve.

Trulieve said it will enter into service agreements to provide operational support to the Ironton production facility and pay an immaterial amount to Kirkpatrick.

Kirkpatrick said, “As the first Black and the first woman-owned cannabis company to achieve 100% vertical integration in the state of Ohio, the Harvest of OH team will forever be a part of cannabis history having broken barriers and paved the way for a diverse and inclusive workforce and supply chain.”

Amonica Davis, Kirkpatrick’s sister and company’s COO added, “Our dedication and commitment will continue to be the hallmark of Mavuno in Athens and beyond, as we enter the Ohio adult-use cannabis market.”

 

 

 

The post Trulieve settles its litigation with Harvest of Ohio appeared first on Green Market Report.

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via www.KahliBuds.com

Debra Borchardt, KahliBuds, 420GrowLife