SLANG Worldwide Inc (OTCMKTS: SLGWF) has announced that it has entered the Pennsylvania and West Virginia markets through its partnership with Trulieve Cannabis Cop. As a result, SLANG’S products will be available in 15 more U.S states, Puerto Rico and Canada. SLANG’S products will launch in West Virginia and Pennsylvania by 2022.
According to their agreement, Trulieve is to gain complete access to SLANG’s brands. SLANG, on the other hand, will sell Trulieve packaging, get royalties on sales in West Virginia and Pennsylvania and receive wholesale revenues from third-party dispensaries.
Trulieve and SLANG look forward to expanding to other states
According to the CEO of SLANG, Chris Driessen, the company is excited to work with Trulieve and build on their current partnership in Massachusetts and Florida. He adds that through SLANG’S brands and Trulieve’s infrastructure and successful operation, the companies will be successful in the two growing markets, especially with the possibility of adult-use cannabis becoming legal.
Pennsylvania, which is a highly populated state, has a thriving cannabis market. It has a robust medical marijuana market that is expected to make sales of about $1 billion by 2023. In addition, the governor also announced that he has considered legalizing adult-use cannabis since January 2021.
The Chief Marketing Officer of Trulieve, Valda Coryat, stated that after the successful partnership of the two companies in Florida, they are looking forward to expanding into other states together. The companies recently announced the launch of SLANG in Massachusetts. The company plans to launch it in two more states in the northeast hub to improve its distribution structure.
Trulieve wants to become a leading cannabis producer in West Virginia
West Virginia has had a medical marijuana program since June 30, 2021, where 3,305 patients have been enrolled. The Governor, Jim Justice, has also announced his openness to legalizing adult-use marijuana in the state.
Trulieve might soon become the most significant cannabis dispensary operator in West Virginia as it had made powerful moves in the region. One of its moves was the cultivation of a 100,000 square foot facility in Huntington in July 2021.
Trulieve is the largest and first fully licensed cannabis company in Florida. It cultivates a variety of cannabis products which it sells at its dispensaries in the state. The company operates in Connecticut and California.
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