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  "documentTitle": "Trulieve Cannabis Corp (TRUL)",
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  "authorName": "Grizzly Reports",
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  "presentationDate": "2019-12-01 00:00:00",
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  "notes": "This is a research note from Grizzly Research, likely part of a short-seller report given the tone regarding 'shady' licensing processes.",
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      "text": "The licensing process was very shady, and involved multiple undisclosed conflicts of interest.",
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      "text": "In spring of 2014, Gov. Rick Scott signed off on the Compassionate Medical Cannabis Act. The legislation divided the state into five regions with one license each to cultivate low-THC marijuana and process its oil into medicine to treat children afflicted with a severe form of epilepsy and cancer patients. At the same time Rivers teamed up with Jason Pernell, a medical marijuana dispensary owner who has stores in California and Oregon, to form pursue a cannabis venture. They quickly partnered with Hackney Nursery, Simpson Nursery, and May Nursery, two North Florida growers located about 30 minutes from Tallahassee, to obtain a medical marijuana license.",
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      "text": "Trulieve CEO Kim Rivers moved to Tallahassee from Atlanta shortly before the 2008 housing crash. She soon started companies to buy and renovate properties. She also founded consulting companies to help others seek local and state tax incentives and has worked extensively with John Thomas Burnette, a local business man. In a 2013 interview with 850 magazine Kim talks about Burnette’s business acumen, and how she hungered for a “big deal high”.",
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      "text": "Trulieve Inc. was founded in 1990 as George Hackney Inc. and renamed in July 2018 just prior to the becoming public. Trulieve completed a reverse merger with Canada listed shell company Schyan Exploration and started trading under the symbol TRUL on the Canadian Securities Exchange in September 2018. As part of the reverse merger Trulieve issued 11m shares at C$6 per share.",
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      "text": "In November 2015 Hackney/Trulieve was awarded one of the five licenses the state handed out. There were 28 applicants in total, each one of five regions were supposed to get a license to grow low THC medical cannabis and Hackney was one of four applicants for the Northwest Florida license. The licensing process was very shady, and involved multiple undisclosed conflicts of interest.",
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      "text": "By the time of the public listing Trulieve had achieved leadership status in Florida’s nascent cannabis industry. Trulieve reported that it operates 507,100 square feet of cultivation facilities across three sites as of October 2018. Trulieve has also been the leader in Florida in dispensary openings. At the time of the public listing Trulieve had 16 dispensaries and has continued to grow the dispensary location count rapidly.",
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      "kind": "title",
      "text": "2. Brief History of Trulieve",
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