Trulieve Cannabis Corp. has retired the remaining US$368 million in senior secured notes due in 2026, a move that marks one of the company’s largest recent financial transactions and further streamlines its balance sheet heading into 2026.
The company confirmed via press release that it redeemed the full principal amount of its 8.0% senior secured notes, using roughly US$373 million in cash to cover both the outstanding principal and accrued interest through December 5. With the redemption completed, the notes stopped trading on the Canadian Securities Exchange the same day and have since been delisted.
The retirement of this debt removes a major obligation from Trulieve’s long-term liabilities at a time when the multistate operator is navigating continued expansion in core markets such as Florida, Arizona and Pennsylvania. The company described the action as part of its broader financial planning as it prepares for the next phase of retail and wholesale growth.
Trulieve remains one of the nation’s largest marijuana companies, operating as a vertically integrated provider with a broad retail footprint (over 230 dispensaries nationwide) and a portfolio of branded products. The company reiterated that the redemption announcement is informational and does not represent an offer to buy or sell securities.
Trulieve said additional details about the redemption are available through Odyssey Trust Company.
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