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Trulieve Announces Closing of $25 Million Financing

Newswire.ca - Wed Dec 27, 2023

TALLAHASSEE, Fla., Dec. 27, 2023 /CNW/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the closing of a commercial loan secured by a cultivation site in Florida for aggregate gross proceeds of $25 million. Trulieve will pay interest at a fixed rate of 8.31% for the duration of the five-year loan. Lenders were comprised of two banks, with First Federal Bank serving as lead agent.  The Company intends to use the net loan proceeds for general corporate purposes.

Read more at newswire.ca

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