Trulieve Cannabis Corp Stock Price, News & Analysis

Trulieve (OTCQX: TCNNF) closed a US$140.0 million private placement of 10.5% Senior Secured Notes due December 17, 2030. The Notes were issued at 100% of face value, bear interest at 10.5% per annum payable semi-annually, and are senior secured obligations. The offering size was increased due to market demand and was completed on a best-efforts basis with Canaccord Genuity as sole agent and bookrunner.

The company intends to use net proceeds for capital expenditures and general corporate purposes. The Notes may be redeemed in whole or in part on or after December 17, 2027. The company has applied to list the Notes on the Canadian Securities Exchange following the four-month hold period.

Trulieve (OTCQX: TCNNF) announced a new Trulieve-branded dispensary opening in Findlay, Ohio on December 19, 2025, operated by Harvest Grows LLC under a licensing agreement.

The store at 1501 W Main Cross Street will be open 8 a.m.–9 p.m. daily and offer walk-in and express pickup, promotional grand opening specials, and Trulieve products including Modern Flower and R.O. brands across multiple form factors.

Harvest Grows currently operates two other Trulieve-branded Ohio locations (Cincinnati and Lorain), and Trulieve operates several owned Ohio dispensaries listed in the announcement.

Trulieve (OTCQX: TCNNF) has received commitments for a US$100.0 million private placement of 10.5% Senior Secured Notes due December 17, 2030 to be issued at 100% of face value. Interest will be payable semi-annually and notes may be redeemed in whole or in part starting two years after issue.

The offering is on a best-efforts basis with Canaccord Genuity Corp. as sole agent and is expected to close on December 17, 2025, subject to customary conditions and CSE approval. Net proceeds are earmarked for capital expenditures and general corporate purposes. The notes will be privately offered to qualified institutional and accredited investors and will be listed on the CSE after the four-month Canadian hold period.

Trulieve (OTCQX: TCNNF) completed the redemption of all outstanding US$368,000,000 principal amount of its 8.0% senior secured notes due 2026 on December 5, 2025.

Cash used for the redemption was approximately US$373 million, which included principal plus accrued and unpaid interest to, but excluding, the redemption date. The redeemed notes ceased trading and were delisted from the Canadian Securities Exchange as of the close of trading on December 5, 2025. Additional details are available from Odyssey Trust Company.

Trulieve (OTCQX: TCNNF) announced on Dec 3, 2025 that the Texas Department of Public Safety granted conditional approval for a Dispensing Organization license under the Texas Compassionate Use Program.

If finalized, Trulieve TX will be authorized to cultivate, manufacture, and distribute medical cannabis in Texas, expanding patient access. The license remains subject to final approval by the Texas Department of Public Safety and standard regulatory completion steps.

Trulieve (OTCQX: TCNNF) reported Q3 2025 revenue of $288 million with a 59% gross margin and GAAP gross profit of $170 million. The company recorded a net loss attributable to common shareholders of $27 million and an adjusted EBITDA of $103 million (36% of revenue). Cash flow highlights include Q3 operating cash flow of $77 million, year-to-date cash flow from operations of $214 million, and year-to-date free cash flow of $173 million. Cash at quarter end was $458 million. Trulieve operates 232 retail dispensaries, reached 820,000 rewards members, and announced a planned redemption of $368 million of senior secured notes due 2026.

Trulieve (OTCQX: TCNNF) announced a notice of redemption for all outstanding 8.0% senior secured notes due 2026 (CUSIP 89788CAD6; ISIN CA89788CAD61) with an aggregate principal of US$368,000,000. The redemption date is December 5, 2025 and the redemption price is 100% of principal plus accrued and unpaid interest to, but excluding, that date.

The company delivered the notice to record holders on November 4, 2025, expects payment and surrender to be processed through Odyssey Trust Company, and stated the Notes will be delisted from the Canadian Securities Exchange (trading symbol TRUL.NT.U). The release is informational and not an offer to purchase securities.

Trulieve Cannabis Corp (OTCQX: TCNNF) will host its Third Quarter 2025 results conference call on Wednesday, November 5, 2025 at 8:30 AM Eastern Time following the release of Q3 2025 financial results.

Kim Rivers, chairman, founder and CEO, and Jan Reese, CFO, will review financial and operating results. Participants are asked to dial in 15 minutes early and use the provided toll‑free or international numbers with passcode 9870622. A live audio webcast will be available and an archived replay will be posted at https://investors.trulieve.com/events.

Trulieve Cannabis Corp. (OTCQX: TCNNF) has expanded its beverage portfolio with the launch of five new 10mg THC-infused flavors under its Onward and Upward brands. The new additions include Berry Smash, Cosmopolitan, Lemon Drop Martini, Paloma in the Onward cocktail alternative line, and Half & Half iced tea & lemonade in the Upward energy drink collection.

CEO Kim Rivers noted strong sell-through of existing 10mg products, indicating growing market demand for THC beverages. The new products, crafted in the USA with naturally derived THC and CBD, are available online and at retail locations in Florida and Illinois through DrinkOnward.com.