Trulieve plans massive marijuana production plant with $2 million PA grant
Florida-based Trulieve Cannabis reportedly is planning to build a mammoth, half-million-square-foot cultivation and processing operation at a former steel mill in Pennsylvania with the help of a $2 million state redevelopment grant.
The plan, first reported by the Pittsburgh Post-Gazette, comes on the heels of Trulieve completing the acquisition of Arizona-based Harvest Health & Recreation and raising $350 million of capital at an 8% annual interest rate.
The financing deal closed on Wednesday.