Trulieve Cannabis Closes $140M Senior Notes Offering

Trulieve Cannabis ( (TSE:TRUL) ) has shared an announcement.

On December 17, 2025, Trulieve Cannabis Corp. announced the closing of a private placement of US$140 million 10.5% senior secured notes due December 17, 2030, issued at face value. The notes bear interest payable semi-annually and may be redeemed starting December 17, 2027. Proceeds from this offering will be used for capital expenditures and general corporate purposes, and the company plans to list the notes on the Canadian Securities Exchange following the statutory hold period, illustrating strong demand in the market and potential growth for Trulieve’s operations.

The most recent analyst rating on (TSE:TRUL) stock is a Hold with a C$14.00 price target. To see the full list of analyst forecasts on Trulieve Cannabis stock, see the TSE:TRUL Stock Forecast page.

Spark’s Take on TSE:TRUL Stock

According to Spark, TipRanks’ AI Analyst, TSE:TRUL is a Neutral.

Trulieve Cannabis’s stock score is driven by strong technical momentum and positive earnings call highlights, despite challenges in profitability and valuation concerns. The company’s revenue growth and cash flow improvements are notable, but net losses and pricing pressures weigh on the overall score.

To see Spark’s full report on TSE:TRUL stock, click here.

More about Trulieve Cannabis

Trulieve is a leading vertically integrated cannabis company and multi-state operator in the U.S., holding significant market positions in Arizona, Florida, and Pennsylvania. The company focuses on retail and distribution growth and aims to deliver innovative, high-quality cannabis products to enhance patient and customer experiences.

Average Trading Volume: 230,473

Technical Sentiment Signal: Buy

Current Market Cap: C$2.77B

For a thorough assessment of TRUL stock, go to TipRanks’ Stock Analysis page.