Ms. Christine Hersey reports
TRULIEVE ANNOUNCES FILING OF AMENDED FEDERAL TAX RETURNS CLAIMING $143 MILLION REFUND
Trulieve Cannabis Corp. has filed amended federal tax returns with refund claims for several of the company's business entities for the years 2019, 2020 and 2021. In total, the company is claiming a refund of $143-million from taxes paid which the company believes it does not owe, although there is no guarantee of receipt. This determination is supported by legal interpretations that challenge the company's tax liability under Section 280E of the Internal Revenue Code.
About Trulieve Cannabis Corp.
Trulieve is an industry-leading, vertically integrated cannabis company and multistate operator in the United States, with leading market positions in Arizona, Florida and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits.
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