#United States #Tallahassee #Trulieve #Securities Disposition #Kim Rivers

Trulieve Cannabis Corp. Unveils Automatic Securities Disposition Plan

Located in Tallahassee, Florida, Trulieve Cannabis Corp., recognized as one of the leading cannabis corporations in the United States, recently rolled out an automatic securities disposition plan (ASDP) for its CEO Kim Rivers. This strategic move, announced on March 17, 2026, aims to bolster the company's transparency and compliance with both U.S. and Canadian securities regulations. The ASDP is designed to facilitate the organized sale of subordinate voting shares while minimizing potential impacts on the company's share price.

The introduction of this plan comes at a critical time for Trulieve as it seeks to navigate the complexities involved in insider trading regulations, which impose restrictions on executives selling their shares. By establishing this automated plan, Trulieve enhances its commitment to adhering strictly to governmental and corporate trading policies. The plan permits the sale of shares at current market prices, under specific daily volume limits to curb potential price fluctuations stemming from insider actions.

Understanding the Aspects of the ASDP
Starting June 17, 2026, the ASDP will kick off, allowing for the sale of up to 2.5 million shares. This sale will be executed through an independent securities broker, acting solely under the guidelines laid out by the ASDP. Notably, the broker is prohibited from discussing sales or receiving information from Ms. Rivers that could influence trading decisions, creating a layer of security and reducing the risk of conflicts of interest or non-compliance with insider trading laws.

In essence, the ASDP empowers Trulieve's executives to sell shares without requiring additional input or discretion during the process, as long as they are not privy to any undisclosed material information. This proactive measure aims to reassure investors that share disposals will follow a systematic and legally compliant pathway, ensuring fair market practices. The structured nature of the ASDP aligns with the recommendations outlined in the Staff Notice 55-317 by the Canadian Securities Administrators, further reinforcing regulatory best practices.

Reporting and Disclosure
Each transaction under the ASDP will be scrupulously tracked and reported per the established securities laws. Investors can find detailed information regarding each disposition through SEDI, Canada’s official securities document filing system, as well as the U.S. SEC's resources. This level of transparency enhances investor confidence, allowing them to discern the nature of executive disposals clearly.

About Trulieve
Trulieve Cannabis Corp. is a vertically integrated, multi-state operator in the U.S. cannabis market, primarily based in Arizona, Florida, and Pennsylvania. The company's strong market presence positions it for significant growth as it seeks to expand both retail operations and product distribution through a strategic hub approach. Trulieve is committed to creating exceptional experiences for its customers, delivering high-quality cannabis products that improve the lives of patients and consumers alike. For more detailed information about its products and services, visit Trulieve.com.

As Trulieve embarks on this new chapter with the ASDP, stakeholders eagerly await its implications for share trading practices and overall corporate governance within the cannabis sector. This innovation not only sets a precedent for compliance but also reflects the evolving landscape of cannabis business operations in the U.S.