Trulieve closes $140-million (U.S.) note financing

Ms. Christine Hersey reports TRULIEVE ANNOUNCES CLOSING OF US$140 MILLION PRIVATE PLACEMENT OF 10.5% SENIOR SECURED NOTES Trulieve Cannabis Corp. has closed a private placement of 10.5 per cent senior secured notes due 2030 for aggregate gross proceeds of $140.0-million (U.S.). The size of the offering was increased given market demand for the notes. The notes were issued at 100 per cent of face value and are senior secured obligations of the company. The notes bear interest at a rate of 10.5 per cent per annum, payable semi-annually in equal instalments until the maturity date, unless earlier redeemed or repurchased. The notes will mature on Dec. 17, 2030, and may be redeemed in whole or in part, at any time from time to time, on or after Dec. 17, 2027, at the applicable redemption price set forth in the second supplemental indenture governing the notes. The offering was conducted on a best efforts basis pursuant to the terms of an amended and restated agency agreement, between the company and Canaccord Genuity Corp., as sole agent and sole bookrunner. The company has made the required filings to list the notes on the Canadian Securities Exchange following the expiry of the four-month Canadian statutory hold period. The company intends to use the net proceeds of the offering for capital expenditures and other general corporate purposes. About Trulieve Cannabis Corp. Trulieve is an industry-leading, vertically integrated cannabis company and multistate operator in the United States, 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 delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF. We seek Safe Harbor.