Trulieve closes $60 million second tranche of senior secured notes

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) completed a second tranche of its private placement offering of 10.5% Senior Secured Notes due 2030, raising $60 million in principal amount. The cannabis company announced the closing on January 29.

Combined with the first tranche that closed on December 17, 2025, Trulieve has issued a total of $200 million in notes. The second tranche notes were priced at $1,000 plus accrued interest of $12.37 per $1,000 principal from December 17, 2025 to January 29, 2026.

Canaccord Genuity Corp. served as sole agent and bookrunner for the offering, which was conducted on a best-efforts basis. The company plans to list the notes on the Canadian Securities Exchange following the expiry of the four-month Canadian statutory hold period.

Trulieve stated it intends to use the net proceeds for capital expenditures and general corporate purposes. The notes were not registered under the Securities Act of 1933.

The Florida-based cannabis company operates as a vertically integrated multi-state operator with market positions in Arizona, Florida and Pennsylvania. Information about the offering was disclosed in a company press release.

You May Also Be Interested In

• Trulieve announces $50 million share repurchase program
• Redwire enters $500 million at-the-market equity offering program
• Maison Solutions partners with SupplyAi and MiniMax on AI food supply chain