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Trulieve Announces Purchase of 8% Senior Secured Notes due 2026 Tallahassee, Fla.

Key Takeaway: Trulieve Cannabis Corp. has announced the open market purchase of 57,000 of its senior secured notes due in 2026, totaling $47.6 million, which reflects a 16.5% discount to par. Trulieve, recognized as a leading cannabis company in the United States, is making this strategic move to bolster its financial standing. The company is focused on growth and expansion in key markets such as Arizona, Florida, and Pennsylvania, emphasizing its innovative product offerings.

Market Sentiment Analysis

POSITIVE FACTORS

  • Trulieve is demonstrating financial strength by purchasing its own secured notes.
  • The purchase represents an opportunity to reduce debt at a significant discount.
  • Trulieve is positioned for accelerated growth and expansion in the cannabis market.

Full Press Release Details

Trulieve Announces Purchase of
8% Senior Secured Notes due 2026
Tallahassee, Fla. September 21, 2023 Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF)
( Trulieve or the Company ), a leading and top-performing cannabis company in the U.S., today announced the open market purchase of 57,000 of its USD $1,000 face value senior secured
notes due October 6, 2026 (the Notes ) for a purchase price of USD $47.6 million, which represents a 16.5% discount to par, plus accrued interest. The Notes trade on the Canadian Securities Exchange under the symbol
This press release is for information purposes only and is not an offer to purchase, a solicitation of an offer to sell the Notes
or any other securities of the Company.
Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S., with leading market positions in Arizona,
Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand
portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol
TCNNF. For more information, please visit Trulieve.com.
Instagram: @Trulieve
Christine Hersey, Vice President of
Phil Buck, Corporate Communications Manager

Frequently Asked Questions

What is Trulieve's recent financial announcement?

Trulieve announced the purchase of 57,000 senior secured notes due 2026.

What was the total purchase price for the notes?

The purchase price for the notes was USD $47.6 million.

Are the notes trading publicly?

Yes, the notes trade on the Canadian Securities Exchange under the symbol TRUL.

In which markets does Trulieve operate?

Trulieve operates in Arizona, Florida, and Pennsylvania.

How does Trulieve aim to enhance customer experience?

Trulieve provides innovative, high-quality products across its brand portfolio.

Last updated: Sep 21, 2023