CARMICHAELS – There appears to be new life for the embattled medical marijuana growing and processing operation in Greene County two years after the facility was shut down by the state Department of Health.
After a new owner was able to get the operating permit renewed this spring, a blockbuster merger is now in the works to acquire that company in a mega-deal that will likely get the facility growing again.
Arizona-based Harvest Enterprises announced in early May that it had reached a settlement with the state for a conditional agreement to restart growing at the Cumberland Township facility after the original operator, AGRiMED Industries of PA LLC, lost its permit in July 2019.
Four days after reaching the settlement for the renewed permit, Harvest and Trulieve Cannabis Corp., of Tallahassee, Fla., held a joint press conference May 10 announcing that Trulieve had acquired Harvest and its assets – including the Greene County facility – for $2.1 billion in stock shares. The acquisition was first reported by the Pittsburgh Post-Gazette.
Representatives for both Harvest and Trulieve could not be reached for comment Tuesday. It was not known when the acquisition will be completed or when the facility at 280 Thomas Road between Carmichaels and Nemacolin could begin producing medical marijuana again, but it appeared to be good news for an…
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CARMICHAELS – There appears to be new life for the embattled medical marijuana growing and processing operation in Greene County two years after the facility was shut down by the state Department of Health.
After a new owner was able to get the operating permit renewed this spring, a blockbuster merger is now in the works to acquire that company in a mega-deal that will likely get the facility growing again.
Arizona-based Harvest Enterprises announced in early May that it had reached a settlement with the state for a conditional agreement to restart growing at the Cumberland Township facility after the original operator, AGRiMED Industries of PA LLC, lost its permit in July 2019.
Four days after reaching the settlement for the renewed permit, Harvest and Trulieve Cannabis Corp., of Tallahassee, Fla., held a joint press conference May 10 announcing that Trulieve had acquired Harvest and its assets – including the Greene County facility – for $2.1 billion in stock shares. The acquisition was first reported by the Pittsburgh Post-Gazette.
Representatives for both Harvest and Trulieve could not be reached for comment Tuesday. It was not known when the acquisition will be completed or when the facility at 280 Thomas Road between Carmichaels and Nemacolin could begin producing medical marijuana again, but it appeared to be good news for an…