#USA #Tallahassee #Trulieve #Matthew Foulston #Jan Reese

Trulieve Expands Leadership with New Board Member and CFO

Trulieve Cannabis Corp. has revealed a strategic addition to its leadership with the appointment of Matthew Foulston to its Board of Directors and Jan Reese as the new Chief Financial Officer (CFO). This decision comes at a crucial time as the company aims to solidify its position in the competitive cannabis industry and foster future growth.

Matthew Foulston's New Role

Matthew Foulston brings a wealth of experience to the board, having served in top executive roles across various industries. Previously, he was CFO for several publicly traded companies, including Covetrus, TreeHouse Foods, and Compass Minerals, showcasing a proficiency in navigating financial complexities in different sectors. Additionally, Foulston has played pivotal roles as an independent director and chair for audit and compensation committees at Hyzon Motors.

In his own words, Foulston expressed excitement about joining the board, stating, "I’m thrilled to be part of Trulieve, a true pioneer in the cannabis industry. I am eager to guide the company through its next phase of growth while enhancing shareholder value.” His background and insights are expected to bolster Trulieve's leadership team, particularly in addressing the challenges of a rapidly evolving market.

Jan Reese Steps Up as CFO

Alongside Foulston, Jan Reese will assume the role of CFO on September 8, 2025. With over twenty years of finance experience, Reese has held key positions in various high-profile companies, including Vimergy and Tech Data Americas. His expertise spans across public, private equity-backed, and entrepreneurial firms, making him a valuable addition to the Trulieve executive team. Reese has been known for overseeing vital financial functions and spearheading significant expansions and readiness for initial public offerings (IPOs).

Reese remarked on his new role, saying, "Trulieve is an industry leader with a robust financial standing and numerous growth prospects. I look forward to contributing to the company’s success during this exciting period.” His extensive background in finance and strategic planning is likely to play a crucial role in Trulieve's future endeavors.

Transition of Leadership

In the transition phase, Trulieve expresses gratitude to Ryan Blust, who has served as Interim CFO. Blust will return to his previous duties as Vice President of Finance once Reese takes over as CFO. This move emphasizes the company’s commitment to a smooth transition while retaining experienced leadership in finance.

CEO Kim Rivers stated her enthusiasm regarding the new appointments, mentioning, “We are excited to welcome Mr. Foulston and Mr. Reese to our Board and executive team. Their extensive knowledge and strategic perspectives will be invaluable as we navigate through the changing landscape of the cannabis industry.” This enthusiasm sets a positive tone for the company’s direction amid increasing competition and market dynamics.

The Road Ahead for Trulieve

As one of the top-performing cannabis companies in the United States, Trulieve has made significant strides in establishing itself within the industry. It operates in multiple states, including Arizona, Florida, and Pennsylvania, and pursues an ambitious growth strategy through a hub model that expands retail and distribution. With innovative product offerings and a commitment to customer satisfaction, Trulieve aims to enhance accessibility to cannabis across its markets.

The new leadership structure, marked by the inclusion of Foulston and Reese, is seen as a strategic move to ensure robust guidance and performance in the rapidly evolving cannabis sector. The company’s proactive approach to leadership appointments indicates its readiness to face future challenges and embrace opportunities as they arise.

For more information about Trulieve, visit their official website at Trulieve.com and follow their updates on social media platforms.

Conclusion

With these pivotal changes, Trulieve is poised for continued success, supported by the breadth of experience that Foulston and Reese bring to their respective roles. As the cannabis landscape evolves, Trulieve’s emphasis on strategic leadership will be crucial in navigating potential obstacles and capitalizing on growth opportunities in the coming years.