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Trulieve Announces Closing Of $25 Million Financing

PUBLIC · TRLVDec 27, 2023

Amount Raised

$25 Million

Round Type

Funding Round

TallahasseeOtherAgriculture and FarmingHealth CareMedicalCannabis

Investors

First Federal Bank

Description

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

Quick answer

Trulieve raised $25 Million in a Funding Round round, dated December 27, 2023. Investors: First Federal Bank. Trulieve is based in Tallahassee, Florida, United States.

How much did Trulieve raise?
Trulieve raised $25 Million in a Funding Round round on December 27, 2023.
Who invested in Trulieve?
First Federal Bank is named as investors in this round.
What does Trulieve do?
Trulieve is an industry-leading, vertically integrated U.S. cannabis company and multi-state operator with strong market positions in Arizona, Florida, and Pennsylvania, focused on disciplined growth through its hub..
Where is Trulieve based and how big is it?
Trulieve is based in Tallahassee, Florida, United States. Fundz records about 6,000 employees.
Who are the decision-makers at Trulieve?
Fundz holds 3 contacts at Trulieve, including the Executive Director of Digital Marketing. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming and Medical around the same time

Companies in the same sectors as Trulieve that raised within 45 days of this round, from Fundz verified event records.

  • EndoSound raised $50K (Seed) on February 9, 2024.
  • Adverum Biotechnologies raised $128M on February 7, 2024.
  • Greenbrook TMS raised $1.5M (Seed) on February 6, 2024.
  • Elemind raised $12M (Funding Round) on February 6, 2024.
  • Procyrion raised $58M (Series E) on February 5, 2024.
  • Vektor Medical raised $16M (Series A) on February 5, 2024.

Who to call at Trulieve, and when

A new round usually means Trulieve is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Trulieve

Location

3494 Martin Hurst Road

Tallahassee, Florida, United States

About

Trulieve is an industry-leading, vertically integrated U.S. cannabis company and multi-state operator with strong market positions in Arizona, Florida, and Pennsylvania, focused on disciplined growth through its hub strategy across retail, cultivation, and distribution. By delivering innovative, high-quality products and consistent customer experiences across its brand portfolio, Trulieve expands access to cannabis while operating the largest retail, cultivation, and production footprint in the country.

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Related People

3 contacts
Verified contactsIram C., Executive Director of Digital Marketing hiddenSee plans and pricing
Predictive Intelligence
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Trulieve raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.