Diligence memo · auto-generated · as of July 2, 2026
Trulieve Cannabis Corp.
Trulieve Cannabis Corp. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Trulieve Cannabis Corp. operates in Other, based in QUINCY.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Trulieve Cannabis Corp. has raised $620M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $488M on 2018-09-21.
Most recent recorded round closed around 2026-01-29.
Valuation (modeled)modeled
Provath models Trulieve Cannabis Corp. at approximately $127M (range $105M–$142M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.03× the median modeled value of Growth/Late Other companies in 2025–2027 (16 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 22 months.
Last raise 5 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 3.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 100% of Other peers (25015 compared).
Modeled value ranks above 85% of those peers.
Closest niche peers: Einstein Topco, L.P., Einstein Aggregator, L.P., AE EventsCo Holdings LLC, United Sacrament Mobile Int. Inc., Apostolic Church of God-Childersburg.
Peoplefiled
21 named people on file across officers, directors and signatories.
Risks & flagsmixed
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.