Trulieve Cannabis Corp. will pay off $368 million in outstanding debt well before the loan’s 2026 due date, the company said Tuesday.
The Tallahassee, Florida-based marijuana multistate operator will pay back the full amount of the 8% loan plus interest by Dec. 25, according to a Nov. 4 news release.
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The announcement means Trulieve may be safe from what some industry observers refer to as a “debt tsunami,” with about $6 billion in debt coming due across the sector in the next year.
Trulieve pays off most of its debt, but some remains
Trulieve was among the top five cannabis sector borrowers accounting for $3.4 billion in debt coming due next year.
Other major marijuana MSOs still hold significant debt.
However, Trulieve still
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