Trulieve Cannabis Corp.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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.
FY2025 · Filed Feb 26, 2026
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 Equity
| MultipleVotingShares | SubordinateVotingShares | TotalCommonShares | AdditionalPaid-in-Capital | AccumulatedDeficit | Non- ControllingInterest | Total Equity | |
|---|---|---|---|---|---|---|---|
| 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 |
| Share-based compensation | — | — | — | 20,466 | — | — | 20,466 |
| Subordinate Voting Shares issued under share compensation plans | — | 2,175,969 | 2,175,969 | — | — | — | — |
| Tax withholding related to net share settlements of equity awards | — | (874,764) | (874,764) | (4,845) | — | — | (4,845) |
| Distributions to subsidiary non-controlling interest | — | — | — | — | — | (100) | (100) |
| Consolidated VIE settlement transaction | — | — | — | 705 | — | — | 705 |
| Net loss | — | — | — | — | (116,381) | (5,867) | (122,248) |
| Balance, December 31, 2025 | 23,226,386 | 169,080,759 | 192,307,145 | $2,073,358 | $(912,125) | $(18,224) | $1,143,009 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.