Ms. Christine Hersey reports

TRULIEVE ANNOUNCES NOTICE OF REDEMPTION FOR ALL US$130 MILLION OF ITS 9.75% SENIOR SECURED NOTES DUE 2024

Trulieve Cannabis Corp. has issued a notice of redemption for all of its outstanding 9.75 per cent senior secured notes due 2024 (CUSIP: 89788CAB0/ISIN: CA89788CAB06). The aggregate principal amount of the notes currently outstanding is $130-million (U.S.). As set forth in the notice of redemption, the redemption date will be Dec. 1, 2023, and the redemption price is 100 per cent of the principal redeemed, plus accrued and unpaid interest up to, but excluding, the redemption date. The notes trade on the Canadian Securities Exchange under the symbol TRUL.DB.U. In conjunction with the redemption, the notes will be delisted from the Canadian Securities Exchange.

On Nov. 8, 2023, a copy of the notice of redemption was issued to record holders. Payment of the redemption price and surrender of the notes for redemption will be as of Dec. 1, 2023, and will be made through the facilities of Odyssey Trust Co., in accordance with the applicable procedures of the trust indenture governing the notes and Odyssey Trust.

This press release does not constitute a notice of redemption of the notes. The redemption of the notes will be made solely pursuant to the redemption notice. Holders should refer to the notice redemption delivered to the holders, and this press release is qualified in its entirety by such notice. This press release is for information purposes only, and is not an offer to purchase, a solicitation of an offer to sell the notes or any other securities of the company.

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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