---
schema_version: "secwatch.filing_event.v1"
accession: "0001754195-25-000074"
form_type: "8-K"
ticker: "TCNNF"
cik: "0001754195"
company_name: "Trulieve Cannabis Corp."
filed_at: "2025-12-17T23:59:59+00:00"
generated_at: "2026-05-16T12:56:12.180417+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Trulieve closes $140M private placement of 10.5% senior secured notes due 2030

## Summary
- $140M aggregate principal of 10.5% senior secured notes due Dec 17, 2030 closed; size increased due to demand.
- Notes issued at 100% of face value, interest payable semi-annually starting June 17, 2026.
- Net proceeds to be used for capital expenditures and general corporate purposes.
- Notes secured by pledge of shares of Trulieve US; rank senior to unsecured indebtedness.
- Optional redemption from Dec 2027 at 104% of principal stepping down to 100% by Dec 2029.

## SEC filing metadata
- accession: 0001754195-25-000074
- form_type: 8-K
- ticker: TCNNF
- cik: 0001754195
- company_name: Trulieve Cannabis Corp.
- filed_at: 2025-12-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1754195/000175419525000074/0001754195-25-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1754195/000175419525000074/tcnnf-20251217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001754195-25-000074
- JSON: https://secwatch.observer/filing/0001754195-25-000074.json
- Plain text: https://secwatch.observer/filing/0001754195-25-000074.txt

## Key facts
- Debt Financings
  Trulieve Cannabis Corp. incurred senior notes of $140,000,000 aggregate principal amount with Odyssey Trust Company at 10.5% maturing December 17, 2030.
  - Instrument: senior notes
  - Principal: $140,000,000 aggregate principal amount
  - Counterparty: Odyssey Trust Company
  - Rate: 10.5%
  - Maturity: December 17, 2030
  - Event: incurrence
  source text: On December 17, 2025, Trulieve Cannabis Corp. (the “Company”) issued $140,000,000 aggregate principal amount of its 10.5% senior secured notes due December 17, 2030 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1754195/000175419525000074/0001754195-25-000074-index.htm

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