Ms. Kim Rivers reports

TRULIEVE ANNOUNCES UPLIST TO NYSE

Trulieve Cannabis Corp.'s subordinate voting shares have been approved for listing on the New York Stock Exchange (NYSE). The subordinate voting shares are expected to begin trading on the NYSE under the symbol TRLV at the opening of trading on June 10, 2026.

"As the first U.S. cannabis company to list on a major U.S. exchange, we are excited for the opportunity to expand our shareholder base, increase liquidity and raise awareness for the benefits of medical marijuana. Common sense action by President Trump to reclassify medical marijuana to Schedule III paved the way for this historic milestone," said Kim Rivers, founder and chief executive officer of Trulieve. "Uplisting to the NYSE is a major advancement for Trulieve and the industry."

Acting Attorney-General Todd Blanche reclassified medical marijuana to Schedule III in April, 2026, following an executive order by President Trump in December, 2025. The final order issued in April rescheduled state-licensed medical marijuana products and created a pathway for Drug Enforcement Administration (DEA) registration for state-licensed medical marijuana businesses under the treaty authority pursuant to the United Nations Single Convention on Narcotic Drugs.

Following medical marijuana rescheduling, Trulieve completed a corporate restructuring and investment by a third party resulting in the deconsolidation of operations in markets serving both medical and adult-use customers. Trulieve's remaining consolidated operations consist only of state-licensed medical marijuana facilities and include 206 medical marijuana dispensaries supported by 3.5 million square feet of production capacity registered with the DEA.

"Since inception, Trulieve has focused on serving medical patients with compassion, care and high-quality products," said Ms. Rivers. "With robust cash generation and meaningful catalysts ahead, including expansion in Georgia and Texas, Trulieve is well positioned to deliver on our promise to increase access to medical cannabis for U.S. patients."

The company anticipates the subordinate voting shares will continue trading on the Canadian Securities Exchange under the symbol TRUL and the OTCQX under the symbol TCNNF until the close of market on June 9, 2026. Current shareholders of the company do not need to take any action prior to the company's expected listing on the NYSE.

About Trulieve Cannabis Corp.

Trulieve is an industry-leading, vertically integrated cannabis company and multistate operator in the United States, with established medical marijuana operations in Florida, Georgia, Pennsylvania and West Virginia. Driven by a core mission to expand access to cannabis, Trulieve serves customers with innovative, high-quality branded products and exceptional experiences. With scaled operations in attractive markets and targeted expansion through its hub strategy, Trulieve is poised for accelerated growth. Trulieve is currently listed on the CSE under the symbol TRUL and currently trades on the OTCQX market under the symbol TCNNF.

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