Trulieve Repays $65 Million Mortgage Strengthening Balance Sheet
PR Newswire•07/10/2026•08:00 ET
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Key Highlights
- ➤Trulieve repays approximately $65 million mortgage before maturity
- ➤Outstanding debt falls to approximately $225 million
- ➤Debt reduction lowers annual interest expense, improving profitability and cash flow
- ➤Trulieve plans Georgia and Texas expansion pending regulatory approvals
Expert Statements
Kim Rivers, CEO of Trulieve Cannabis Corp.
“We used our strong cash generation to repay this mortgage prior to its maturity date as part of our long term strategy to bolster our financial position.”
Kim Rivers, CEO of Trulieve Cannabis Corp.
“Reducing balance sheet leverage lowers our annual interest expense, improving profitability and cash flow.”
Kim Rivers, CEO of Trulieve Cannabis Corp.
“Given the strength of our platform, we are well positioned to fund growth initiatives in the near term including expansion in Georgia and Texas, pending regulatory approvals.”
Trulieve Repays $65 Million Mortgage Strengthening Balance Sheet PR Newswire
TALLAHASSEE, Fla., Oct. 7, 2026 /PRNewswire/ -- Trulieve Cannabis Corp. (NYSE: TRLV ) ("Trulieve" or "the Company"), a leading and top-performing medical cannabis company in the U.S., today announced the full repayment of an approximately $65 million mortgage notes payable secured by a cultivation site in Jefferson County, Florida, thereby reducing outstanding debt to approximately $225 million.
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