Trulieve Cannabis Corp. filed its quarterly report on Form 10-Q with the SEC for the period ended September 30, 2026, disclosing condensed consolidated financial statements and related management discussion.

Key Highlights

  • Total assets of $2,118,239 thousand as of September 30, 2026, down from $2,696,098 thousand at December 31, 2025, according to the filing.
  • Cash and cash equivalents of $326,687 thousand at September 30, 2026, compared to $255,535 thousand at December 31, 2025.
  • Inventories declined to $190,830 thousand from $242,298 thousand at year-end 2025, as reported in the balance sheet.
  • Intangible assets, net, dropped to $335,038 thousand from $798,365 thousand at December 31, 2025.
  • Goodwill decreased to $325,624 thousand from $483,905 thousand at December 31, 2025, the company disclosed.
  • Uncertain tax position liabilities stood at $625,368 thousand as of September 30, 2026, compared to $668,375 thousand at year-end 2025.
  • Shares outstanding as of October 30, 2026 included 170,407,555 Class A subordinate voting common shares and 224,064 Class B multiple voting common shares, the filing stated.

Trulieve Balance Sheet Shows Significant Asset Reductions in Third Quarter 2026

Trulieve Cannabis Corp. (NYSE:TRLV) filed its Form 10-Q for the quarterly period ended September 30, 2026. According to the filing, total assets were $2,118,239 thousand at the end of the third quarter, a decrease from $2,696,098 thousand reported at December 31, 2025. The company's balance sheet reflects notable reductions across several asset categories, including intangible assets, goodwill, and inventories.

The filing disclosed that intangible assets, net, fell to $335,038 thousand from $798,365 thousand at year-end 2025, and goodwill declined to $325,624 thousand from $483,905 thousand over the same period. Property and equipment, net, was reported at $592,933 thousand as of September 30, 2026, compared to $670,441 thousand at December 31, 2025. A new line item, "Investment in Harvest," appeared at $146,071 thousand as of September 30, 2026, with no corresponding balance at December 31, 2025. The company also reported a management services agreement receivable, related party, of $21,263 thousand at September 30, 2026, which carried no balance at year-end 2025.

On the liabilities side, the filing disclosed that deferred tax liabilities decreased to $55,392 thousand from $177,993 thousand at December 31, 2025. Uncertain tax position liabilities were $625,368 thousand at September 30, 2026. Private placement notes, net, rose to $196,008 thousand from $136,741 thousand at year-end 2025. The company noted forward-looking statements in the filing are the company's own and subject to its cautionary language, including risks described in the Annual Report on Form 10-K for the year ended December 31, 2025. The registrant is classified as a large accelerated filer and is incorporated in Delaware.

What Was Disclosed

Trulieve Cannabis Corp. reported its unaudited condensed consolidated balance sheet as of September 30, 2026, showing total assets of $2,118,239 thousand, reduced cash-equivalent current liabilities, and significant changes in intangible assets, goodwill, and deferred tax liabilities relative to December 31, 2025.