Management ChangeJun 12, 2026, 08:16 AM
Trulieve President Jason Pernell Resigns
AI Summary
Trulieve Cannabis Corp. announced that Jason Pernell mutually agreed to terminate his employment as President, effective June 11, 2026. In connection with his departure, Mr. Pernell and the company entered into a Separation Agreement and General Release. The agreement includes a mutual release of claims, a one-year restriction on transferring company equity, and provisions for severance, bonuses, COBRA continuation, and the vesting of unvested equity awards.
Key Highlights
- Jason Pernell resigned as President of Trulieve Cannabis Corp., effective June 11, 2026.
- Company and Mr. Pernell entered into a Separation Agreement and General Release.
- Mr. Pernell agreed not to transfer company equity for one year from the separation date.
- Entitled to the Q2 2026 performance bonus and a prorated 2026 target performance bonus.
- Received a severance payment of $15,000.
- Company will pay COBRA premiums for up to 18 months.
- All issued and unvested annual equity awards vested upon the termination date.
Price Impact
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