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Trulieve Cannabis closes Life Essence acquisition

Trulieve Cannabis Corp. completed its acquisition of Life Essence Inc., a Massachutes-based company that cultivates and develops medical marijuana.

Florida-based Trulieve will acquire all of the issued and outstanding shares of Life Essence, according to a Dec. 13 press release.

The acquisition, which was first announced Nov. 8, expands Trulieve outside of the Florida market. Trulieve is also planning to acquire Leef Industries LLC, a Palm Springs, Calif.-based dispensary. The deal was announced along with the Life Essence deal in November.

Trulieve distributes and sells medical marijuana in the U.S.