[PRESS RELEASE] – TALLAHASSEE, Fla., March 17, 2026 – Trulieve Cannabis Corp., a leading and top-performing cannabis company in the U.S., announced that effective as of March 17, 2026, Kim Rivers, the company's chairperson and CEO, has established an automatic securities disposition plan (ASDP) in accordance with applicable U.S. and Canadian securities legislation and the company's trading policies.
The ASDP will allow for the sale of subordinate voting shares at prevailing market prices with specific daily volume limits designed to mitigate potential impacts on the share price. Sales are authorized to begin on June 17, 2026, and will continue until the aggregate number of shares sold reaches 2.5 million shares.
Under U.S. and Canadian securities laws and the company's trading policies, insiders of Trulieve are subject to limits on their ability to sell shares in the company. ASDPs address this issue by permitting trades to be made in accordance with pre-arranged instructions given when executives are not in possession of any material undisclosed information.
Canadian securities laws permit insiders to adopt ASDPs to sell, donate or otherwise transfer shares in the future in accordance with the pre-arranged terms of their ASDP, on an automatic basis, regardless of any subsequent material nonpublic information they receive. Once an ASDP is established, the insider is not permitted to exercise any further discretion or influence over how dispositions will occur under the ASDP.
Sales of subordinate voting shares under the ASDP will be executed by an independent securities broker in accordance with the trading parameters, price and volume limits, and other instructions set out in the ASDP. The ASDP prohibits the broker administering such ASDP from consulting with Rivers regarding any sales under the ASDP and prohibits Rivers from disclosing to the broker any information concerning the company that might influence the execution of the ASDP.
The ASDP has been authorized and established in the form approved by the compensation committee of the company and contains meaningful restrictions on the ability of Rivers to amend, suspend or terminate the applicable ASDP.
Dispositions by Rivers under the ASDP will be reported in accordance with applicable securities laws. Each such filing will bear a notation to advise readers that the disposition is related to an ASDP. Information regarding each ASDP and transactions thereunder, as the case may be, may be accessed on SEDI at www.sedi.ca and www.sec.gov.
This announcement is made pursuant to the recommended practices set forth in Staff Notice 55-317 –Automatic Securities Disposition Plans of the Canadian Securities Administrators and will be available under the company's SEDAR profile at www.SEDAR.ca.
