---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-310046"
form_type: "8-K"
ticker: "TCNNF"
cik: "0001754195"
company_name: "Trulieve Cannabis Corp."
filed_at: "2022-12-21T23:59:59+00:00"
generated_at: "2026-06-21T00:56:40.431290+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Trulieve closes $71.5M secured loan at 7.53% fixed rate for five years

## Summary
- Loan of $71.5M secured by cultivation/manufacturing site in Monticello, Florida.
- Fixed interest rate of 7.53%, matures December 21, 2027.
- Three-bank syndicate with Valley National Bank as lead agent.
- Proceeds to be used for general corporate purposes, non-dilutive.
- CEO cites improved flexibility to focus on cash flow in 2023.

## SEC filing metadata
- accession: 0001193125-22-310046
- form_type: 8-K
- ticker: TCNNF
- cik: 0001754195
- company_name: Trulieve Cannabis Corp.
- filed_at: 2022-12-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1754195/000119312522310046/0001193125-22-310046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1754195/000119312522310046/d410972d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-310046
- JSON: https://secwatch.observer/filing/0001193125-22-310046.json
- Plain text: https://secwatch.observer/filing/0001193125-22-310046.txt

## Key facts
- Debt Financings
  Trulieve Cannabis Corp. incurred loan of Seventy-One Million Five Hundred Thousand Dollars ($71,500,000) with Valley National Bank at 7.53% fixed maturing December 21, 2027.
  - Instrument: loan
  - Principal: Seventy-One Million Five Hundred Thousand Dollars ($71,500,000)
  - Counterparty: Valley National Bank
  - Rate: 7.53% fixed
  - Maturity: December 21, 2027
  - Event: incurrence
  source text: On December 21, 2022, Trulieve Capps Highway LLC (the “Borrower”), a wholly-owned subsidiary of Trulieve Cannabis Corp. (the “Company”), entered into a loan agreement (the “Loan Agreement”) with Valley National Bank, as agent, and the lenders named therein, for a commercial loan of Seventy-One Million Five Hundred Thousand Dollars ($71,500,000) (the “Loan”). The Loan is secured by a mortgage on the Borrower’s real property located at 1834 W. Capps Highway, Monticello, Florida. The proceeds of the Loan are expected to be used general corporate purposes. The Company will pay interest at a fixed rate of 7.53% for the duration of the five year loan, which matures on December 21, 2027.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1754195/000119312522310046/0001193125-22-310046-index.htm
- Material Agreements
  Trulieve Cannabis Corp. entered into Loan Agreement with Valley National Bank, as agent, and the lenders named therein valued at Seventy-One Million Five Hundred Thousand Dollars ($71,500,000) (effective 2022-12-21).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Valley National Bank, as agent, and the lenders named therein
  - Value: Seventy-One Million Five Hundred Thousand Dollars ($71,500,000)
  - Effective: 2022-12-21
  source text: On December 21, 2022, Trulieve Capps Highway LLC (the “Borrower”), a wholly-owned subsidiary of Trulieve Cannabis Corp. (the “Company”), entered into a loan agreement (the “Loan Agreement”) with Valley National Bank, as agent, and the lenders named therein, for a commercial loan of Seventy-One Million Five Hundred Thousand Dollars ($71,500,000) (the “Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1754195/000119312522310046/0001193125-22-310046-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.