The company’s growing presence as a multi-state operator, anchored by leading market positions in Arizona, Florida, and Pennsylvania, helped secure Trulieve a fixed rate of 7.3% for the first five years of the ten-year loan of $18.9 million and 7.53% for the duration of the $71.5 million five-year loan.
“We are pleased to announce our second non-dilutive financing this month,” said Trulieve Chief Executive Officer, Kim Rivers. “This financing at attractive terms further bolsters our cash position as we enter 2023.”
Trulieve is an industry leading, vertically integrated cannabis company and MSO in the U.S., with established hubs in the Northeast, Southeast, and Southwest, focused on growth and expansion through its hub strategy.
For more information, please visit Trulieve.com.
Cannaconvo with Peter Su of Green Check Verified
Cannabis Last Week with Jon Purow interviews Peter Su of Green Check Verified. Peter Su is a Senior Vice President with Green Check Verified, the top cannabis banking compliance software/consultancy in the space. A 20+ year veteran of the banking industry, Peter serves on the Banking & Financial Services committee of the National Cannabis Industry Association. He chairs the Banking and Financial Services Committee for the NYCCIA & HVCIA. He is an official member of the Rolling Stone Cannabis Culture Council. And, he is on the board of the Asian Cannabis Roundtable, serving as treasurer.