Trulieve Executes Major Asset Reorganization Ahead Of Potential NYSE Debut

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has opted to restructure its business to pursue a NYSE listing, according to the company’s filing with the U.S. Securities and Exchange Commission (SEC).

The company has reorganized its mixed-use cannabis assets under Harvest Enterprises, LLC.

As of June 3, 2026, Trulieve will no longer consolidate Harvest’s financial results in its own financial statements.

An outside investor, Whitley Holding 05192026, LLC, acquired a 10% stake in Harvest for roughly $14.8 million.

Harvest’s board now includes Frank Whitley and Rudy Rowe, appointed by the investor, and Kim Rivers, who Trulieve appointed.

Under a management services agreement between the two companies, Trulieve will provide consulting, administrative support, and advisory services.

Trulieve’s subsidiary now holds non-voting units in Harvest. That means Trulieve doesn’t have voting rights, receives no dividends, and has no rights to direct Harvest’s operations.

Under the agreement, Trulieve can convert non-voting units into voting common units if and when the NYSE approves the consolidation of businesses involved in U.S. recreational cannabis. The move allows Truliece to retain economic exposure to Harvest assets.

TCNNF Price Action

Trulieve’s shares traded 39.07% higher at $11.97 per share at the time of writing on Friday.