AdvisorShares reports 10.64M TRLV shares (6.26%)

Trulieve Cannabis Corp. ownership update: AdvisorShares Trust reports beneficial ownership of 10,641,152 subordinate voting shares, representing 6.26% of the class as of 06/30/2026.

Rhea-AI Filing Summary

Trulieve Cannabis Corp. ownership update: AdvisorShares Trust reports beneficial ownership of 10,641,152 subordinate voting shares, representing 6.26% of the class as of 06/30/2026. The filing shows sole voting and dispositive power over those shares.

Insights

Institutional Ownership Analyst

AdvisorShares Trust holds 10.64M shares (6.26%), with sole voting and dispositive power.

AdvisorShares Trust certifies beneficial ownership of 10,641,152 subordinate voting shares, listed as 6.26% of the class and dated 06/30/2026. The entry states sole power to vote and to dispose of all reported shares.

This filing is a standard beneficial-ownership disclosure; subsequent filings would show material changes. Cash-flow treatment and intent (passive/active) are not specified in the provided excerpt.

Key Figures

Beneficial ownership: 10,641,152 shares Percent of class: 6.26% Sole voting power: 10,641,152 shares +3 more

6 metrics

Beneficial ownership 10,641,152 shares Subordinate Voting Shares (reported as of 06/30/2026)

Percent of class 6.26% Percent of subordinate voting shares (as reported)

Sole voting power 10,641,152 shares Sole power to vote as stated in Item 4

Sole dispositive power 10,641,152 shares Sole power to dispose as stated in Item 4

Report date 06/30/2026 Date associated with the ownership amount

Signature date 07/08/2026 Date of filing signature by Chief Compliance Officer

Key Terms

Subordinate Voting Shares, Beneficially owned, CUSIP

3 terms

Subordinate Voting Shares market

"Title: Subordinate Voting Shares, no par value"

Subordinate voting shares are a type of company stock that typically carry fewer voting rights than regular shares, meaning holders have less influence over company decisions. They are often used to raise capital while allowing founders or main shareholders to retain control. For investors, understanding the difference helps assess their level of influence in company decisions and the potential risks or benefits of holding different types of shares.

Beneficially owned regulatory

"Item 4. Ownership (a) Amount beneficially owned: 10,641,152"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

CUSIP financial

"CUSIP Number(s): 89788C104"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Trulieve (TRLV) shares does AdvisorShares Trust report owning?

AdvisorShares Trust reports beneficial ownership of 10,641,152 subordinate voting shares. The filing lists this amount as the number of shares for which the filer has sole voting and dispositive power.

What percentage of TRLV does the 13G filing report?

The Schedule 13G reports ownership equal to 6.26% of the subordinate voting share class. That percentage is provided in the filing alongside the exact share count and date.

Does AdvisorShares Trust have voting control over the TRLV shares?

Yes. The filing states the filer has sole power to vote and sole power to dispose of all 10,641,152 shares reported, with no shared voting or dispositive power listed in the excerpt.

What dates are shown on the TRLV Schedule 13G filing by AdvisorShares Trust?

The ownership amount is dated 06/30/2026 in the excerpt and the form bears a signature dated 07/08/2026. Those dates are the report date and the signature date shown in the provided content.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/08/2026 - 05:22 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Trulieve Cannabis Corp.

(Name of Issuer)

Subordinate Voting Shares, no par value

(Title of Class of Securities)

89788C104

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 89788C104

1

Names of Reporting Persons

AdvisorShares Trust

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 10,641,152.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,641,152.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,641,152.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.26 %

12

Type of Reporting Person (See Instructions)

IV

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Trulieve Cannabis Corp.
(b)	Address of issuer's principal executive offices: 3494 Martin Hurst Road, Tallahassee, Florida, 32312
Item 2.
(a)	Name of person filing: AdvisorShares Trust
(b)	Address or principal business office or, if none, residence: 4800 Montgomery Lane, Suite 150 Bethesda, Maryland 20814
(c)	Citizenship: Delaware
(d)	Title of class of securities: Subordinate Voting Shares, no par value
(e)	CUSIP Number(s): 89788C104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 10,641,152
(b)	Percent of class: 6.26 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 10,641,152
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 10,641,152
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AdvisorShares Trust

Signature:	/s/ Stefanie Little
Name/Title:	Stefanie Little - Chief Compliance Officer
Date:	07/08/2026