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Philadelphia cannabis shop

Truelieve acquires Keystone Shops to expand Pennsylvania footprint

TALLAHASSEE, Fla., April 5, 2021-Trulieve today announced the acquisition of a dispensary license operating as Keystone Shops with locations in Philadelphia, Devon, and King of Prussia, Pennsylvania. Keystone Shops was formed in 2016, and was the first medical marijuana dispensary to make a sale in southeastern Pennsylvania.

A vertically integrated “seed-to-sale” company, Trulieve is the largest medical company in Florida and now also holds licenses to operate in California, Massachusetts, Pennsylvania, Connecticut, West Virginia, and Pennsylvania. The company is currently ranked #2 on the Pioneer heat index. CEO Kim Rivers stated, “Trulieve continues to bolster our national expansion efforts with acquisitions that both complement our current portfolio and strengthen our long-term strategy. The Keystone Shops are located in a densely populated area of Pennsylvania and with their staff’s knowledgeable and customer-centric approach to patients, these dispensaries are valuable additions to our Pennsylvania portfolio.”

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