Trulieve Cannabis repurchases $47.6M of debt at a discount

Trulieve Cannabis Corp. (CSE:TRUL) said it has purchased 57,000 of its $1,000 face value senior secured notes due October 6, 2026, for a purchase price of US$46.7 million, representing a 16.5% discount to par, plus accrued interest.

The notes represent 8% of its Senior Secured Notes due in 2026, Trulieve said Thursday.

The notes trade on the Canadian Securities Exchange Under the ticker symbol ‘TRUL.NT.U.’

The multi-state operator also announced on Friday the grand opening of a new medical cannabis dispensary located in Evans, Georgia, its fifth dispensary in the state.

However, investors weren’t impressed by either piece of news, with shares of Trulieve trading down 7% at US$6.12 at the market open on Friday.

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