Trulieve Cannabis Corp.
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 2026
TRLV$11.01-4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands, except for share data)
| September 30,2026 | December 31,2025 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $326,687 | $255,535 |
| Accounts receivable, net | 3,750 | 10,497 |
| Inventories | 190,830 | 242,298 |
| Income tax receivable | 489 | 8,458 |
| Prepaid expenses | 17,471 | 18,325 |
| Other current assets | 2,290 | 26,743 |
| Management services agreement receivable, related party | 21,263 | — |
| Assets associated with discontinued operations | — | 859 |
| Total current assets | 562,780 | 562,715 |
| Property and equipment, net | 592,933 | 670,441 |
| Right of use assets - operating, net | 90,046 | 108,294 |
| Right of use assets - finance, net | 55,743 | 60,000 |
| Intangible assets, net | 335,038 | 798,365 |
| Goodwill | 325,624 | 483,905 |
| Investment in Harvest | 146,071 | — |
| Other assets | 10,004 | 10,471 |
| Long-term assets associated with discontinued operations | — | 1,907 |
| TOTAL ASSETS | $2,118,239 | $2,696,098 |
| LIABILITIES | ||
| Current Liabilities: | ||
| Accounts payable and accrued liabilities | $68,187 | $82,658 |
| Deferred revenue | 5,914 | 9,593 |
| Notes payable - current portion | 4,239 | 4,077 |
| Operating lease liabilities - current portion | 11,853 | 13,029 |
| Finance lease liabilities - current portion | 10,747 | 10,703 |
| Construction finance liabilities - current portion | 691 | 2,429 |
| Contingencies | 335 | 780 |
| Liabilities associated with discontinued operations | — | 3,676 |
| Total current liabilities | 101,966 | 126,945 |
| Long-Term Liabilities: | ||
| Notes payable, net | 88,654 | 90,839 |
| Private placement notes, net | 196,008 | 136,741 |
| Operating lease liabilities | 89,329 | 107,884 |
| Finance lease liabilities | 60,506 | 64,140 |
| Construction finance liabilities | 120,171 | 133,781 |
| Deferred tax liabilities | 55,392 | 177,993 |
| Uncertain tax position liabilities | 625,368 | 668,375 |
| Other long-term liabilities | 9,307 | 11,449 |
| Long-term liabilities associated with discontinued operations | — | 34,942 |
| TOTAL LIABILITIES | $1,346,701 | $1,553,089 |
| Commitments and contingencies (see Note 4) | ||
| EQUITY | ||
| Common shares, no par value; unlimited shares authorized; None issued and outstanding as of September 30, 2026 and 169,313,023 shares issued and outstanding as of December 31, 2025 | $— | $— |
| Preferred stock, $0.0001 par value per share; 1,000,000,000 shares authorized; none issued and outstanding as of September 30, 2026 and December 31, 2025 | — | — |
| Class A subordinate voting common stock, $0.0001 par value per share; 5,000,000,000 shares authorized; 170,347,610 shares issued and outstanding as of September 30, 2026 and none issued and outstanding as of December 31, 2025 | 17 | — |
| Class B multiple voting common stock, $0.0001 par value per share; 300,000 shares authorized; 224,064 shares issued and outstanding as of September 30, 2026 and none issued and outstanding as of December 31, 2025 | — | — |
| Additional paid-in-capital | 2,087,996 | 2,073,358 |
| Accumulated deficit | (1,314,825) | (912,125) |
| Non-controlling interest | (1,650) | (18,224) |
| TOTAL EQUITY | 771,538 | 1,143,009 |
| TOTAL LIABILITIES AND EQUITY | $2,118,239 | $2,696,098 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.