Trulieve Cannabis Corp.
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(in thousands)
| Six Months EndedJune 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(403,779) | $(49,870) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 55,466 | 58,755 |
| Depreciation included in cost of goods sold | 27,419 | 27,577 |
| Loss on Deconsolidation Transaction | 403,333 | — |
| Equity in net loss of Harvest | 3,289 | — |
| Impairment and disposal of long-lived assets, net of recoveries | 1,707 | (175) |
| Gain from disposal of discontinued operations | (7) | — |
| Share-based compensation | 11,050 | 10,705 |
| Deferred income taxes | (19,059) | (9,919) |
| Other non-cash changes | 6,736 | 12,258 |
| Changes in operating assets and liabilities: | ||
| Inventories | 6,000 | (10,093) |
| Accounts receivable | (2,712) | (3,368) |
| Other assets | (30,735) | (998) |
| Accounts payable and accrued liabilities | (3,394) | (11,813) |
| Income tax receivable / payable | 1,103 | 2,705 |
| Uncertain tax position liabilities | 60,955 | 114,445 |
| Other liabilities | (8,525) | (8,716) |
| Proceeds received from insurance for operating expenses | — | 5,731 |
| Net cash provided by operating activities | 108,847 | 137,224 |
| Cash flows from investing activities | ||
| Capital expenditures | (34,495) | (36,808) |
| Maturities of short-term investments | — | 60,000 |
| Cash disposed in Deconsolidation Transaction | (58,395) | — |
| Other proceeds | 4,841 | 11,399 |
| Other purchases and payments | — | (205) |
| Net cash (used in) provided by investing activities | (88,049) | 34,386 |
| Cash flows from financing activities | ||
| Proceeds from long-term borrowings | 60,742 | — |
| Payments on long-term borrowings | (3,741) | (5,455) |
| Payments for debt issuance costs | (1,287) | — |
| Other payments and distributions | (5,376) | (4,583) |
| Payments for taxes related to net share settlement of equity awards | (1,251) | (295) |
| Net cash provided by (used in) financing activities | 49,087 | (10,333) |
| Net increase in cash and cash equivalents, and restricted cash | 69,885 | 161,277 |
| Cash, cash equivalents, and restricted cash, beginning of period | 255,535 | 239,710 |
| Cash, cash equivalents, and restricted cash, end of period | $325,420 | $400,987 |
| Supplemental disclosure of cash flow information | ||
| Cash paid during the period for | ||
| Interest | $26,928 | $32,729 |
| Income taxes paid, net of refunds | 964 | 394 |
| Noncash investing and financing activities | ||
| ASC 842 lease additions - operating and finance leases | $18,964 | $12,750 |
| Purchases of property and equipment in accounts payable and accrued liabilities | 4,123 | 1,452 |
| Operating license intangible placed into service, transfer from other assets | — | 6,500 |
The condensed consolidated statements of cash flows include continuing operations and discontinued operations for the periods presented.
The following table summarizes the cash, cash equivalent, and restricted cash balances for each of the periods presented:
| Six Months EndedJune 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Beginning of period: | ||
| Cash and cash equivalents (1) | $255,535 | $238,803 |
| Restricted cash | — | 907 |
| Cash, cash equivalents, and restricted cash | $255,535 | $239,710 |
| End of period: | ||
| Cash and cash equivalents (1) | $325,420 | $392,580 |
| Restricted cash | — | 8,407 |
| Cash, cash equivalents, and restricted cash | $325,420 | $400,987 |
(1) Excludes discontinued operations, which did not generate cash flows in any period presented.
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