Trulieve Closes $60 Million in Private Placement of Secured Notes for Expansion
On January 29, 2026, Trulieve Cannabis Corp., recognized as one of the leading cannabis companies in the United States, made a significant announcement regarding its financial strategy. The company confirmed the completion of a private placement involving its 10.5% Senior Secured Notes, totaling an impressive $60 million. This placement follows the earlier tranche that was secured on December 17, 2025, bringing the total amount raised through these securities to $200 million.
The Senior Secured Notes are due in 2030 and were priced at $1,000 each, plus accrued interest which amounts to $12.37 per $1,000 principal from the initial closing date up until January 29.
Conducted on a 'best-efforts' basis, the placement was facilitated through an agreement with Canaccord Genuity Corp., serving as the sole agent and bookrunner for the offering. Following the mandatory four-month hold period, plans are in motion to list these notes on the Canadian Securities Exchange (CSE).
Trulieve intends to strategically utilize the net proceeds from this offering for essential capital expenditures and general corporate purposes, further solidifying their operational and financial foundation. It’s important to note that these notes have not been registered under the Securities Act of 1933, nor under any jurisdiction’s laws, stressing that this announcement should not be construed as a solicitation to sell or purchase these securities—particularly in locations where such actions might be illegal.
This move is part of Trulieve’s broader strategy to expand its presence and enhance its capabilities within the competitive cannabis landscape. With leading positions in states like Florida, Arizona, and Pennsylvania, Trulieve is focused on scaling its retail and distribution processes to meet increasing consumer demand. Their hub strategy aims to leverage existing market strengths while exploring new opportunities for growth.
In light of current developments in the cannabis industry and proposed regulatory changes, Trulieve's proactive financial management places it in a favorable position for future advancements within the marketplace. Investors are reminded that the company’s outlook involves forward-looking statements, which may encompass risks and uncertainties that might impact actual results compared to the anticipated performance as outlined in their financial documentation.
The leadership at Trulieve remains committed to enhancing shareholder value through sustainable practices and innovation in product quality across its diverse portfolio. For those interested in market performance and investment opportunities, Trulieve’s securities are traded under the CSE symbol TRUL and on the OTCQX market as TCNNF. To learn more about Trulieve's ongoing initiatives and market strategy, visit Trulieve.com.
In summary, the closure of this $60 million private placement marks a pivotal step in Trulieve’s journey toward solidifying its role as a major player in the U.S. cannabis sector, and it showcases the ongoing evolution and expansion within this rapidly growing industry.
The Senior Secured Notes are due in 2030 and were priced at $1,000 each, plus accrued interest which amounts to $12.37 per $1,000 principal from the initial closing date up until January 29.
Conducted on a 'best-efforts' basis, the placement was facilitated through an agreement with Canaccord Genuity Corp., serving as the sole agent and bookrunner for the offering. Following the mandatory four-month hold period, plans are in motion to list these notes on the Canadian Securities Exchange (CSE).
Trulieve intends to strategically utilize the net proceeds from this offering for essential capital expenditures and general corporate purposes, further solidifying their operational and financial foundation. It’s important to note that these notes have not been registered under the Securities Act of 1933, nor under any jurisdiction’s laws, stressing that this announcement should not be construed as a solicitation to sell or purchase these securities—particularly in locations where such actions might be illegal.
This move is part of Trulieve’s broader strategy to expand its presence and enhance its capabilities within the competitive cannabis landscape. With leading positions in states like Florida, Arizona, and Pennsylvania, Trulieve is focused on scaling its retail and distribution processes to meet increasing consumer demand. Their hub strategy aims to leverage existing market strengths while exploring new opportunities for growth.
In light of current developments in the cannabis industry and proposed regulatory changes, Trulieve's proactive financial management places it in a favorable position for future advancements within the marketplace. Investors are reminded that the company’s outlook involves forward-looking statements, which may encompass risks and uncertainties that might impact actual results compared to the anticipated performance as outlined in their financial documentation.
The leadership at Trulieve remains committed to enhancing shareholder value through sustainable practices and innovation in product quality across its diverse portfolio. For those interested in market performance and investment opportunities, Trulieve’s securities are traded under the CSE symbol TRUL and on the OTCQX market as TCNNF. To learn more about Trulieve's ongoing initiatives and market strategy, visit Trulieve.com.
In summary, the closure of this $60 million private placement marks a pivotal step in Trulieve’s journey toward solidifying its role as a major player in the U.S. cannabis sector, and it showcases the ongoing evolution and expansion within this rapidly growing industry.
Topics Consumer Products & Retail）
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