Trulieve deconsolidates Harvest mixed-use business; records $688.7M loss, receives $14.8M investment

Trulieve Cannabis Corp.

Effective June 3, 2026: Harvest (mixed-use cannabis) deconsolidated from Trulieve to segregate medical cannabis for NYSE listing application.
Whitley Holding paid $14.8M for 10% voting stake in Harvest; Trulieve holds non-voting units convertible only after NYSE changes listing rules.
Pro forma shows $688.7M pre-tax loss on deconsolidation in FY2025; pro forma Q1 2026 revenue $214M (down from $286.8M as reported).
Trulieve retains $188.5M equity-method investment in Harvest; non-voting units have no voting or dividend rights.
Trulieve expects to file Q2 10-Q by Aug 7, 2026, reflecting deconsolidation from June 3.

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