BuybackJun 9, 2026, 08:11 AM
Trulieve Authorizes $50M Share Repurchase Program
AI Summary
Trulieve Cannabis Corp. announced that its Board of Directors authorized a share repurchase program. The company is permitted to repurchase up to the lesser of $50 million in aggregate value or 8,495,038 subordinate voting shares, which constitutes 5% of its outstanding shares as of June 8, 2026. This program will extend over a 12-month period and is slated to expire on June 16, 2027. CEO Kim Rivers highlighted that the program underscores confidence in the business's long-term value and a disciplined approach to capital allocation, aiming to deliver value to shareholders.
Key Highlights
- Trulieve's Board of Directors authorized a share repurchase program.
- The company may repurchase up to $50 million in aggregate value.
- Alternatively, up to 8,495,038 subordinate voting shares can be repurchased.
- This represents 5% of the company's issued and outstanding subordinate voting shares as of June 8, 2026.
- The program will be executed over a 12-month period.
- The repurchase program is set to expire on June 16, 2027.
- All subordinate voting shares purchased under the program will be cancelled.
- CEO Kim Rivers stated the program reflects confidence in long-term value and disciplined capital allocation.
Price Impact
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