The sale of Harvest Health &Recreation to Florida’s Trulieve in a deal said to be worth $2.1 billion has created the largest marijuana company in the U.S., with a combined 126 dispensaries and operations in 11 states.
Harvest has 39 operating shops in five states, including one in Tucson at 2734 E. Grant Road, and was the first operator to sell adult-use marijuana when the Arizona Department of Health Services surprised everyone on by suddenly announcing the opening of legal sales in the state Jan. 22 .
“We are thrilled to be joining Trulieve, a company that has achieved unrivaled success and scale in its home state of Florida,” Harvest cofounder and CEO Steve White said in May 10 press release announcing the sale. “As one of the oldest multi-state operators, we believe our track record of identifying and developing attractive market opportunities combined with our recent successful launch of adult use sales in Arizona will add tremendous value to the combined organization as it continues to expand and grow in the coming years.”
Due to the legal status of marijuana in the U.S., the sale has been consummated according to Canadian law “pursuant to the Business Corporations Act,” and still must be approved though the courts of British Columbia’s and two-thirds of votes cast by Harvest shareholders, but for all intents and purposes it is a done deal.
White, 47, was born at Desert Samaritan Hospital (now Banner Desert Medical Center) in Mesa and grew up in Tempe. He attended Roosevelt Elementary in Mesa, Kyrene del Cielo in Chandler and Pueblo Middle School the first year it opened. After graduation from Corona del Sol high school, he went on to Arizona State University and eventually earned a law degree at Washington and Lee School of Law in