Weed Giant Trulieve Confirms Company President Is Retiring

Florida-based Trulieve Cannabis Corp. TRUL TCNNF confirmed Monday that Steve White is stepping down as the company's president, effective October 1, 2023. He will continue to serve as a strategic advisor to the company until his anticipated retirement at the end of this year.

"It has been an honor to work with the talented and passionate teams at Harvest and Trulieve, joined together by the common goal of serving patients and customers through expanded access to cannabis," White stated. "I am so proud of all that we have accomplished together and I am excited for the Trulieve team and the many opportunities ahead."

The news comes some two months after the marijuana giant lost its second chief financial officer in a month.

White co-founded Harvest Health & Recreation in 2011 and served as its CEO until the acquisition of the company by Trulieve. As an early pioneer in the U.S. legal cannabis industry, he led Harvest as it grew from a single dispensary to become one of the top multi-state operators with cultivation, manufacturing, and retail operations in several markets. Following the Harvest acquisition, White was appointed president of the company.

"We thank Steve for his service as our President," stated Kim Rivers, CEO of Trulieve. "He has played a key role in the success of the integration of Harvest operations with those of Trulieve, and is stepping down as of the second anniversary of our historic acquisition."

Related Links:

Ohio Medical Cannabis Company Files Response To Trulieve's Loan Default Claims

EXCLUSIVE: Why Professionals With Mainstream Experience Are Crucial In The Cannabis Industry 

Photo: Courtesy of Diyahna Lewis on Unsplash