The cannabis company will repurchase up to 8.50M shares, or 5% of outstanding stock, over the next 12 months.
Trulieve Cannabis (TCNNF) has authorized a share repurchase program allowing the company to buy back up to $50M in stock or 8.50M subordinate voting shares over the next year. The plan caps repurchases at the lesser of the two limits.
The 8.50M shares represent 5% of the company’s issued and outstanding subordinate voting shares as of June 8, 2026. The program runs through June 2027, providing flexibility for market conditions.
No immediate market reaction was disclosed in the announcement.