Trulieve Announces Purchase of 8% Senior Secured Notes due 2026

TALLAHASSEE, Fla. —

 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 “TRUL.NT.U”.

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.

About Trulieve

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.

Facebook: @Trulieve

Instagram: @Trulieve_

Twitter: @Trulieve



Comments

Post a Comment

Popular posts from this blog

8 Breeders and Seed Banks with Desirable Strains for 2024

Every cannabis grower hopes to have a plentiful harvest full of top-shelf buds. One of the best ways to meet that goal is by planting quality genetics . But with so many breeders out there, it may be difficult to determine the best cannabis seed banks for your needs. Cannabis seeds are technically legal across the United States since they contain less than 0.3 percent THC, according to the 2018 Farm Bill. In the last six years, dozens of online seed banks have popped up vying for market share. Offering feminized cannabis seeds and autoflowering seeds in many of the most popular strains , there are endless genetics from which to choose. The best cannabis seeds for an operator may vary depending on whether a grow is indoors or outdoors, their preferred growing medium, and the ultimate goal for the crop. For example, are you hoping to extract rosin or sell smokable buds? These questions must be considered prior to selecting marijuana strains and, by proxy, a source for those genetics....
Read more

Audacious Awarded New Jersey Adult Use Licenses

LAS VEGAS – Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) “AUSA”, “AUDACIOUS”, or the “Company), today announced the Company was awarded a provisional Cultivation license, as well as a provisional Manufacturing license in the state of New Jersey. With a population close to 9 million people, New Jersey officially announced on Thursday that adult-use marijuana sales will start on April 21. Residents in the Garden State voted to legalize recreational cannabis in 2020. Market insiders estimate the total New Jersey opportunity to approach U.S.$2 billion[1]. To date, the state has awarded 37 conditional cultivation licenses and 70 conditional manufacturing licenses, in addition to allowing 6 of the incumbent 12 medical use operators to participate. The limited number of licenses awarded and the limited availability of municipalities that have opted in provides AUDACIOUS with a significant early mover advantage. Terry Booth, CEO, commented, “AUDACIOUS’ new team, just o...
Read more

Will This Be Our Year?

In 1919, a ban on alcohol exposed a cultural divide between urban and rural America and led to a spike in organized crime. Federal, state, and local governments struggled to adapt to the abrupt change in reality that came to be known as Prohibition. The task of enforcing new regulations initially fell to the Internal Revenue Service (thus the term “revenuers” for federal agents who hunted moonshiners) before being passed to the Department of Justice (DOJ). While enforcement was concentrated in rural areas and small towns—where some folks made decent livings by operating homemade stills—urban dwellers continued to enjoy alcohol courtesy of bootleggers and speakeasies. With the end of Prohibition in 1933, after the broken bottles, blood, and dust finally settled, an article in The United States News (now U.S. News & World Report) attempted to give the citizenry an idea of how the path forward might look. The open season for liquor-control laws is at hand. With repeal on December ...
Read more