Trulieve Cannabis (OTC: TCNNF) is venturing quite some distance from its home base of Florida with its latest acquisitions. It announced Wednesday that it has purchase two companies in Pennsylvania, giving it its first assets in that state. The two are PurePenn and Pioneer Leasing & Consulting, which grows and produces cannabis and related goods, and dispensary operator Keystone Relief Centers. The former's primary asset is a 35,000-square-foot cultivation and processing facility in McKeesport. According to Trulieve, that facility is currently being enlarged to 90,000 square feet, and has room for further expansion. Image source: Getty Images. Keystone (which operates under the name Solevo Wellness) owns and manages three dispensaries -- one in Pittsburgh, and two in the city's vicinity. As Pennsylvania has not yet legalized the sale and consumption of cannabis for recreational use, those outlets sell only to qualified medical users. To acquire PurePenn, Trulieve is handing over $46 million -- $19 million in cash and the remainder in its subordinate voting shares. The PurePenn deal also includes a potential earn-out of roughly $60 million, to be paid in those shares, if it hits EBITDA milestones that were not specified. As for Keystone/Solevo, Trulieve is buying it for $20 million, half in cash and half in subordinate voting shares. Its management, too, will be eligible for Trulieve stock earn-outs if milestones are met; the maximum in this instance is $15 million. Investors might not like either the geographic stretch away from Florida, where most of Trulieve's operations are located, or the price tags of the deals. Trulieve stock closed Thursday down by nearly 4.9%, against the S&P 500 index's slide of about 0.8%. Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. And make no mistake – it is coming. Cannabis legalization is sweeping over North America – 11 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks. Simply click here to get the full story now. Learn moreEric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source