MJ Biz Report: Trulieve Cannabis alleges ex-CFO wrongly expensed more than $350,000


Florida-based marijuana multistate operator Trulieve Cannabis is evaluating its options after discovering the company’s former chief financial officer allegedly sought reimbursements for personal expenses and used the MSO’s corporate credit cards inappropriately, racking up as much as $400,000 in personal expenses.

The company’s audit committee investigated former CFO Alex D’Amico’s expense reimbursement submissions after he resigned from the role in June, according to regulatory filings.

“The Audit Committee and the Company determined that Mr. D’Amico engaged in conduct that was inconsistent with the Company’s policies and procedures by both submitting expense reimbursements for personal expenses as well as utilizing corporate credit cards for personal expenses,” the company alleged in its latest quarterly earnings report.

“The investigation has concluded, and the Company estimates that the total amount in question is between $350,000 to $400,000.”

The money has not been paid back, the report noted.




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