Ms. Christine Hersey reports

TRULIEVE ANNOUNCES SHARE REPURCHASE PROGRAM

Trulieve Cannabis Corp.'s board of directors has authorized a share repurchase program pursuant to which the company may repurchase up to the lesser of (i) $50-million in aggregate value, and (ii) 8,495,038 subordinate voting shares of the company (being 5 per cent of the company's issued and outstanding subordinate voting shares as at June 8, 2026) over a 12-month period.

"This program reflects our confidence in the long-term value of the business and our disciplined approach to capital allocation," said Kim Rivers, Trulieve founder and chief executive officer. "We view share repurchases as an important tool to deliver value to shareholders when market conditions present a compelling opportunity, while maintaining the flexibility to invest in growth and strengthen our balance sheet."

Repurchases under the program will be executed in accordance with applicable securities laws and regulations. While the company intends to proceed with the repurchase program, the repurchase program does not obligate the company to acquire any specific number of subordinated voting shares, and may be suspended, modified or discontinued at any time at the company's discretion. The repurchase program will expire on June 16, 2027, and any subordinate voting shares purchased pursuant to the repurchase program will be cancelled.

About Trulieve Cannabis Corp.

Trulieve is an industry-leading, vertically integrated cannabis company and multistate operator in the United States, with established medical marijuana operations in Florida, Georgia, Pennsylvania and West Virginia. Driven by a core mission to expand access to cannabis, Trulieve serves customers with innovative, high-quality branded products and exceptional experiences. With scaled operations in attractive markets and targeted expansion through its hub strategy, Trulieve is poised for accelerated growth. Trulieve is currently listed on the Canadian Securities Exchange under the symbol TRUL and currently trades on the OTCQX market under the symbol TCNNF.

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