Trulieve Cannabis

Canaccord Genuity Acts as Sole Agent and Sole Bookrunner to Trulieve Cannabis on its US$140 Million Senior Secured Notes Offering

Canaccord Genuity is pleased to announce that on December 17, 2025, Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TRUL) (the “Company” or “Trulieve”) closed a private placement of 10.5% senior secured notes due 2030 (the “Notes”). The proceeds will be used for capital expenditures and other general corporate purposes.

The offering was conducted on a best-efforts basis and was upsized as a result of high market demand. The Notes were issued at 100% of face value and bear an interest rate of 10.5% per annum, payable semi-annually in equal installments until maturity on December 17, 2030 unless earlier redeemed or repurchased.

Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S., with leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve aims to deliver optimal customer experiences and increased access to cannabis, helping patients and customers to live without limits.