Trulieve Cannabis Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
TRLV$11.01-4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders’ Equity
(in thousands, except for share data)
| MultipleVotingShares | SubordinateVotingShares | TotalCommonShares | AdditionalPaid-in-Capital | AccumulatedEarnings (Deficit) | Non- ControllingInterest | Total Shareholders' Equity | |
|---|---|---|---|---|---|---|---|
| Balance, December 31, 2021 | 51,916,999 | 128,587,173 | 180,504,172 | $2,008,100 | $137,721 | $1,552 | $2,147,373 |
| Share-based compensation | — | — | — | 18,124 | — | — | 18,124 |
| Shares issued for cash - warrant exercises | — | 1,428,262 | 1,428,262 | 19,238 | — | — | 19,238 |
| Subordinate Voting Shares issued under share compensation plans | — | 239,828 | 239,828 | 156 | — | — | 156 |
| Tax withholding related to net share settlements of equity awards | — | (47,801) | (47,801) | (615) | — | — | (615) |
| Conversion of Multiple Voting Shares to Subordinate Voting Shares | (25,690,613) | 25,690,613 | — | — | — | — | — |
| Shares issued for PurePenn, LLC, Pioneer Leasing & Consulting LLC, and Solevo Wellness West Virginia, LLC earnout | — | 3,626,295 | 3,626,295 | — | — | — | — |
| Release of escrow shares | — | 236,756 | 236,756 | — | — | — | — |
| Distribution payable for acquisition of variable interest entity | — | — | — | — | (5,500) | — | (5,500) |
| Distribution | — | — | — | — | — | (50) | (50) |
| Divestment of variable interest entity | — | — | — | — | — | 110 | 110 |
| Measurement period adjustment - Harvest Health & Recreation, Inc. | — | — | — | — | — | 1,595 | 1,595 |
| Net loss | — | — | — | — | (246,064) | (6,663) | (252,727) |
| Balance, December 31, 2022 | 26,226,386 | 159,761,126 | 185,987,512 | $2,045,003 | $(113,843) | $(3,456) | $1,927,704 |
| Share-based compensation | — | — | — | 10,575 | — | — | 10,575 |
| Subordinate Voting Shares issued under share compensation plans | — | 334,611 | 334,611 | — | — | — | — |
| Tax withholding related to net share settlements of equity awards | — | (86,305) | (86,305) | (466) | — | — | (466) |
| Distributions to subsidiary non-controlling interest | — | — | — | — | — | (50) | (50) |
| Consideration for purchase of variable interest entity | — | — | — | 1,643 | — | — | 1,643 |
| Deconsolidation of variable interest entity | — | — | — | (1,643) | — | 3,862 | 2,219 |
| Divestment of variable interest entity | — | — | — | — | — | 124 | 124 |
| Net loss | — | — | — | — | (526,796) | (6,340) | (533,136) |
| Balance, December 31, 2023 | 26,226,386 | 160,009,432 | 186,235,818 | $2,055,112 | $(640,639) | $(5,860) | $1,408,613 |
| Share-based compensation | — | — | — | 20,202 | — | — | 20,202 |
| Subordinate Voting Shares issued under share compensation plans | — | 4,471,472 | 4,471,472 | 210 | — | — | 210 |
| Tax withholding related to net share settlements of equity awards | — | (1,488,722) | (1,488,722) | (14,751) | — | — | (14,751) |
| Distributions to subsidiary non-controlling interest | — | — | — | — | — | (1,081) | (1,081) |
| Conversion of Multiple Voting to Subordinate Voting Shares | (3,000,000) | 3,000,000 | — | — | — | — | — |
| Redeemed non-controlling interest, former mezzanine equity | — | — | — | (1,504) | — | 2,600 | 1,096 |
| Subordinate Voting Shares issued pursuant to full redemption of non-controlling interests | — | 1,787,372 | 1,787,372 | 1,904 | — | — | 1,904 |
| Consolidated VIE settlement transaction | — | — | — | (4,141) | — | (2,444) | (6,585) |
| Net loss | — | — | — | — | (155,105) | (5,472) | (160,577) |
| Balance, December 31, 2024 | 23,226,386 | 167,779,554 | 191,005,940 | $2,057,032 | $(795,744) | $(12,257) | $1,249,031 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.