Tyghe said based on consensus estimates the combined entity would generate 2021 revenues of $1.24 billion and have adjusted EBITDA in excess of $461.0 million, making it the second-largest MSO in the country. We look forward to providing best-in-class service to patients and customers on a broader national scale as we create an iconic US cannabis brand,” Rivers wrote.īy the numbers, Trulieve currently has a six-state footprint compared to Harvest’s nine (Florida, Arizona, Pennsylvania, Maryland, California, Colorado, Nevada, Utah and Massachusetts) Trulieve has 87 operational dispensaries compared to Harvest’s 39 Trulieve has ten cultivation and production facilities compared to HARV’s 12 Trulieve has about 2.2 million sq ft of cultivation and production compared to HARV’s roughly 880,000 sq ft and Trulieve currently has about 6,400 employees compared to Harvest’s roughly 1,200. Trulieve and Harvest are leaders in our markets, recognized for our innovation, brands, and operational expertise with true depth and scale in our businesses. “Harvest provides us with an immediate and significant presence in new and established markets and accelerates our entry into the adult use space in Arizona. “This combination offers us the opportunity to leverage our respective strong foundations and propel us forward with an unparalleled platform for future growth,” said Rivers in a press release. (All figures in US dollars except where noted otherwise.)Ĭalling the deal the largest and most exciting acquisition so far in the US cannabis space, Trulieve CEO Kim Rivers said the two companies share similar customer values with a focus on going deep in core markets. Harvest shareholders will effectively hold about 26.7 per cent of the issued and outstanding equity of the combined company. The merger would see Trulieve pay roughly $2.1 billion for HARV through giving Harvest shareholders 0.1170 Trulileve shares for every Harvest share for an imputed value of C$5.83, representing a 34.0-per-cent premium to HARV’s close of C$4.35 on May 7. Tallahassee, Florida-headquartered Trulieve announced on Monday a definitive arrangement agreement to acquire Arizona-based Harvest Health. Trulieve is an adult-use and medical cannabis company with interests in California, Massachusetts, Connecticut, Pennsylvania, West Virginia and Florida, where TRUL is the largest operator with 78 dispensaries along with growing and production facilities. Tyghe reviewed the merger in an update to clients on Monday where he reaffirmed his “Outperform” rating for TRUL and one-year target price of C$78.00. The translated program is replicable and may help to address health disparities.ATB Capital Markets analyst Kenric Tyghe says US multi-state operator Trulieve Cannabis ( Trulieve Cannabis Stock Quote, Chart, News, Analysts, Financials CSE:TRUL) has found a good match in acquiring Arizona-based Harvest Health & Recreation ( Harvest Health & Recreation Stock Quote, Chart, News, Analysts, Financials CSE:HARV). Participant benefits compare favorably to original trial outcomes. The CDSMP can be translated for delivery by trained senior center personnel to African American elders. Outcomes did not differ by gender, number of sessions attended, number and type of chronic conditions, facilitator, leader, or recruitment site. ![]() We found no changes for health utilization. ![]() We found small but statistically significant improvements for exercise (p =.001), use of cognitive management strategies (p =.001), energy/fatigue (p =.001), self-efficacy (p =.001), health distress (p =.001), and illness intrusiveness in different life domains (probabilities from.001-.021). Of the 519, 444 (86%) completed >/=4 sessions and 414 (79%) completed pre-post interviews. We conducted baseline and 4-month post-interviews.Ī total of 569 African American elders attended an introductory session, with 519 (91%) enrolling in the 6-session program. We recruited participants from senior center members, area churches, and word of mouth. Modifications to the CDSMP included a name change an additional introductory session and course augmentations involving culturally relevant foods, stress reduction techniques, and communicating with racially/ethnically diverse physicians. Lorig and colleagues' Chronic Disease Self-Management Program (CDSMP) for delivery in a senior center and evaluate pre-post benefits for African American participants.
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