TALLAHASSEE, Fla. — Trulieve Cannabis Corp. will be seeking shareholder approval of a proposed domestication from British Columbia, Canada, to the State of Delaware in the United States.
The company believes the favorable corporate environment afforded by Delaware will further the company’s strategic objectives, align the company’s organizational structure with operations in the United States, and help the company conduct its business more effectively. The domestication is not expected to cause any material change in the company’s business or operations.
Completion of the domestication is subject to a number of conditions, including, among others, approval of the Supreme Court of British Columbia, approval of the shareholders of Trulieve, receipt of authorization from the British Columbia registrar, and other customary consents and approvals. The board of directors may, at any time including after receiving shareholder approval, in its discretion, decide not to proceed with the domestication.
