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[8-K] Trulieve Cannabis Corp. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Trulieve Cannabis Corp. announced it will redeem all of its outstanding 8% Notes due October 6, 2026 for cash. The redemption covers US$368,000,000 principal as of November 4, 2025, at a price of 100% of principal plus accrued and unpaid interest up to, but excluding, the redemption date.

The redemption date is December 5, 2025. Payments and note surrender will occur through Odyssey Trust Company under the existing Indenture. The notes currently trade on the Canadian Securities Exchange as “TRUL.NT.U” and will be delisted in conjunction with the redemption.

Positive
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Negative
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Insights

Early full redemption of 8% notes; cash out now, interest savings later.

Trulieve will retire its 8% Notes due 2026 in full on December 5, 2025, paying 100% of principal plus accrued interest on US$368,000,000. This eliminates an 8% coupon liability ahead of stated maturity.

Mechanically, the company pays holders in cash via Odyssey Trust Company under the Indenture terms. After completion, the notes will be delisted from the CSE, removing this security from trading.

The net financial effect depends on available liquidity and alternative financing costs versus the 8% coupon. Subsequent filings may provide detail on funding and balance sheet impacts.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
___________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): November 4, 2025
___________________
TRULIEVE CANNABIS CORP.
(Exact Name of Registrant as specified in its charter)
___________________
British Columbia000-5624884-2231905
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
6749 Ben Bostic Road
Quincy, FL 32351
(Address of principal executive offices and zip code)

(850) 298-8866
(Registrant’s telephone number, including area code)
Not Applicable
(Registrant’s name or former address, if change since last report)
___________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
N/AN/AN/A
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. o



Item 8.01    Other Events.

On November 4, 2025, Trulieve Cannabis Corp. (the “Company”) issued a notice of redemption to the holders of its outstanding 8% Notes due October 6, 2026 (CUSIP: 89788CAD6 / ISIN: CA89788CAD61) (the “Notes”) pursuant to which it will redeem all of the Notes for cash, at a redemption price of 100% of the principal redeemed plus accrued and unpaid interest, up to, but excluding, the redemption date. The redemption date will be December 5, 2025. As of November 4, 2025, the aggregate principal amount of the Notes outstanding is US$368,000,000.

The Notes were issued pursuant to an Indenture dated as of October 6, 2021 and January 28, 2022 (the “Indenture”), between the Company and Odyssey Trust Company, as Trustee. Payment of the redemption price and surrender of the Notes for redemption will be made through the facilities of Odyssey Trust Company in accordance with the applicable procedures of the Indenture. The Notes trade on the Canadian Securities Exchange under the symbol “TRUL.NT.U”. In conjunction with the redemption, the Notes will be delisted from the Canadian Securities Exchange.

This Current Report on Form 8-K (this “Form 8-K”) does not constitute a notice of redemption. The redemption of the Notes will be made solely pursuant to the notice of redemption.

A copy of the press release announcing the redemption is being filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Forward-Looking Statements

This Form 8-K includes forward-looking information and statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to the Company’s expectations or forecasts other plans, intentions, expectations, estimates, and beliefs and include statements regarding the Company’s beliefs regarding the payment of the redemption price and surrender of the Notes. Words such as “expects”, “continue”, “will”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company’s current projections and expectations about future events and trends that management believes might affect its financial condition, results of operations, business strategy and financial needs, and on certain assumptions and analysis made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein, including, without limitation, the risks discussed under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 and in our periodic reports subsequently filed with the United States Securities and Exchange Commission and in the Company’s filings on SEDAR at www.sedar.com. There can be no assurance that any forward-looking information and statements herein will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof and, except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits
Exhibit
No.
Description
99.1
Press release dated November 4, 2025
104Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Trulieve Cannabis Corp.
By:/s/ Eric Powers
Name:Eric Powers
Title:Chief Legal Officer
Date: November 4, 2025

FAQ

What did Trulieve (TCNNF) announce in its 8-K?

The company will redeem all outstanding 8% Notes due October 6, 2026 for cash at 100% of principal plus accrued and unpaid interest.

How much principal of Trulieve’s notes is being redeemed?

As of November 4, 2025, the aggregate principal outstanding is US$368,000,000.

When is Trulieve’s note redemption date?

The redemption date is December 5, 2025.

What is the redemption price for Trulieve’s notes?

The notes will be redeemed at 100% of principal plus accrued and unpaid interest, up to but excluding the redemption date.

Which securities are affected and where do they trade?

The affected securities are the 8% Notes due 2026 (CUSIP 89788CAD6 / ISIN CA89788CAD61), trading on the CSE as TRUL.NT.U.

Will Trulieve’s notes remain listed after redemption?

No. In conjunction with the redemption, the notes will be delisted from the Canadian Securities Exchange.

How will holders receive payment for the redeemed notes?

Payment and surrender will be processed through Odyssey Trust Company per the Indenture’s procedures.
Trulieve Cannabis Corp

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1.35B
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Drug Manufacturers - Specialty & Generic
Healthcare
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United States
Quincy