A New Cannabis Behemoth Was Created Last Week

By Billy Duberstein

Last week, the rapidly evolving U.S. cannabis industry changed forever when one of the largest U.S. multi-state operators (MSOs), Trulieve Cannabis (OTC:TCNNF), agreed to acquire a smaller but still substantial peer, Harvest Health & Recreation (OTC:HRVSF), for $2.1 billion in stock.

While most large U.S. MSOs have been scooping up smaller private companies and license holders in select states, this acquisition is the largest tie-up in U.S. cannabis history. It also occurs at a historic time, as the U.S. seems to have reached a tipping point regarding the legalization of cannabis across the country.

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