Trulieve Cannabis Corp. announced today that it has closed the second tranche of a previously announced private placement of 10.5% senior secured notes due in 2030, raising an additional $60 million and bringing the total financing from the offering to $200 million.

The Tallahassee, Florida-based marijuana company said the notes were issued at a price of $1,000 each, plus $12.37 in accrued interest from December 17, 2025 to January 29, 2026. The terms match those of the first tranche, which closed on December 17 and accounted for $140 million of the total offering.

According to the company, the offering was conducted on a best-efforts basis through an agency agreement with Canaccord Genuity Corp., which served as sole agent and bookrunner. Trulieve said it will file to have the notes listed on the Canadian Securities Exchange once the four-month statutory hold period required under Canadian law expires.

Trulieve stated that the net proceeds from the financing will be used for capital expenditures and general corporate purposes.

The notes were issued in a private placement and were not registered under the U.S. Securities Act, meaning they cannot be sold publicly in the United States unless an exemption applies.

Trulieve is one of the largest vertically integrated marijuana operators in the country, with leading market positions in Florida, Arizona and Pennsylvania. The company continues to focus on expanding retail and distribution operations across both established and emerging markets through its hub-based strategy.