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Trulieve Cannabis Beats Grow Facility Quality Investor Suit (1)

Jan. 3, 2022, 6:04 PMUpdated: Jan. 3, 2022, 7:23 PM

Trulieve Cannabis Corp. fought off accusations it misled investors about the quality of its marijuana growing facilities and related-party transactions after a federal court in Florida threw out the case.

Investors allege the medical marijuana firm, which has offices in Florida and went public in Canada in 2018, made material misstatements or omissions about mold issues in its facilities and transactions with a company owned by its CEO’s husband. The latest complaint is mostly a “reprisal” of an earlier dismissed version, and its allegations “remain deficient,” the U.S. District Court for the Northern District of Florida said.

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