Trulieve repays $65 million in mortgage debt early

Trulieve Cannabis Corp. has announced the early repayment of approximately $65 million in mortgage debt associated with a cultivation facility in Jefferson County, Florida. This move reduces the company’s total outstanding debt to roughly $225 million.

CEO Kim Rivers stated that the repayment was made using strong cash generation to strengthen the company’s balance sheet, reduce annual interest expenses, and improve overall profitability. Trulieve indicated that the company is positioned to fund future growth initiatives, including potential expansions into Georgia and Texas, pending regulatory approvals.