Trulieve Announces Leadership Realignment to Progress Corporate Technique


Appointment of Chief Sales Officer and Chief Production Officer
and Resignation of COO

TORONTOOct. 11, 2019 /CNW/ – Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTCQX: TCNNF), a top and leading-performing cannabis firm in the United States, these days announced the Enterprise has begun a realignment and expansion procedure of its leadership group in preparation for national expansion, and accepted the resignation of its Chief Operating Officer Kevin Darmody, effective October 10, 2019. Mr. Darmody, the former Director of Investor Relations of Trulieve, was named Chief Operating Officer accountable for Trulieve operations in March of 2019.

Tim Morey, presently Director of Retail, has been appointed to Chief Sales Officer. Previously, Mr. Morey led the dispensary roll out in Florida. As a member of Trulieve’s senior management group, Mr. Morey has played an integral function in the Company’s company technique. Prior to joining Trulieve, Mr. Morey had 12 years of expertise at Finish Line exactly where he held the position of Senior Director of Shop Operations.

Kyle Landrum has been appointed Chief Production Officer. Mr. Landrum is elevated to his new position following serving as the company’s Director of Cultivation because 2017. Mr. Landrum presently manages all elements of increasing and harvesting cannabis plants inside Trulieve’s expansive cultivation footprint and assures implementation of provide chain management experience. Prior to Trulieve, Mr. Landrum had pretty much a decade of multi-web-site operations management and effectively led substantial teams to attain firm targets.

Mr. Darmody’s prior responsibilities will be divided amongst Mr. Morey and Mr. Landrum and repositioned to income generation activities.

“In this consumer facing function, Tim has been crucial to our continued results in rolling out dispensaries in Florida,” said Kim Rivers, Chief Executive Officer. “His contributions have permitted us to meet our expansion targets whilst sustaining our commitment to a good patient expertise.”

Rivers continued, “Under Kyle’s leadership, Trulieve has established the biggest cultivation operation in Florida, enabling for our continued dominance of the marketplace. Kyle is an asset to the firm, and we appear forward to his continued application of management talent to our complete production operations,” stated Ms. Rivers.

Trulieve CEO Kim Rivers also recognized the contributions of outgoing COO Kevin Darmody. “On behalf of the Enterprise and the Board of Directors, I would like to thank Kevin for his service”, stated Ms. Rivers. “In his investor relations function, Kevin was a crucial contributor in the transformation of Trulieve into a publicly traded multi-state operator. We appreciate his far more current efforts as COO and want him luck in his future endeavors.”

With the growing federal legalization of health-related cannabis and anticipated improve in retail sales of health-related and recreational cannabis to reach $12 billion by year finish, according to Marijuana Business enterprise Every day, Trulieve is capitalizing on this chance and producing progress with executing on its technique to be a top multi-state operator. The Enterprise is confident this realignment in management will leverage Trulieve’s technique of remaining the leader in the Florida market, presently operating 37 dispensaries and on track to have 44 dispensaries in 2019 and expanding to six US states by year finish.

About Trulieve

Trulieve is a vertically integrated “seed-to-sale” firm and is the very first and biggest totally licensed health-related cannabis firm in the State of Florida. Trulieve cultivates and produces all of its goods in-home and distributes these goods to Trulieve-branded shops (dispensaries) all through the State of Florida, as effectively as straight to sufferers through dwelling delivery. Trulieve also operates in CaliforniaMassachusetts and Connecticut. Trulieve is listed on the Canadian Securities Exchange beneath the symbol TRUL and trades on the OTCQX Finest Marketplace beneath the symbol TCNNF.

Forward-Seeking Statements

This news release involves forward-hunting data and statements, which might contain, but ‎are not restricted to, data and statements relating to or inferring the future company, ‎operations, monetary efficiency, prospects, and other plans, intentions, expectations, estimates, ‎and beliefs of the Enterprise. Words such as “expects”, ‎‎”continue”, “will”, “anticipates” and “intends” or comparable expressions are intended to recognize ‎forward-hunting statements. These forward-hunting statements are primarily based on the Company’s ‎current projections and expectations about future events and monetary trends that management ‎believes may well impact its monetary situation, outcomes of operations, company technique and monetary ‎needs, and on specific assumptions and evaluation created by the Enterprise in light of the expertise ‎and perception of historical trends, existing circumstances and anticipated future developments and ‎other components management believes are proper. Forward-hunting data and statements ‎involve and are topic to assumptions and identified and unknown dangers, uncertainties, and other ‎factors which might bring about actual events, outcomes, efficiency, or achievements of the Enterprise ‎to be materially various from future events, outcomes, efficiency, and achievements expressed ‎or implied by forward-hunting data and statements herein. Though the Enterprise ‎believes that any forward-hunting data and statements herein are affordable, in light of ‎the use of assumptions and the important dangers and uncertainties inherent in such data ‎and statements, there can be no assurance that any such forward-hunting data and ‎statements will prove to be precise, and accordingly readers are advised to rely on their personal ‎evaluation of such dangers and uncertainties and must not spot undue reliance upon such ‎forward-hunting data and statements. Any forward-hunting data and statements ‎herein are created as of the date hereof, and except as needed by applicable laws, the Enterprise ‎assumes no obligation and disclaims any intention to update or revise any forward-hunting ‎information and statements herein or to update the motives that actual events or outcomes could or ‎do differ from these projected in any forward hunting data and statements herein, no matter if ‎as a outcome of new data, future events or outcomes, or otherwise, except as needed by ‎applicable laws.‎

The Canadian Securities Exchange has not reviewed, authorized or disapproved the ‎content of this news release.‎

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