by Mike and Colin | May 24, 2021 | M&A / Capital Raise
Why is Harvest selling to Trulieve? Or more accurately, why is CEO Steve White selling to Trulieve, since his is the only vote that matters given that his supervoting stock (with 200 votes and 1 economic unit) gives him 52% of the vote with only 6% of the economics of...
by Mike and Colin | May 24, 2021 | M&A / Capital Raise
We think the deal is transformative for Trulieve and Harvest and their major shareholders, but it means little for the rest of the industry, and the focus on the $2 billion headline dollar figure is misguided. This deal lets Trulieve address the two bear case...
