trulieve cannabis corp trul tcnnf announced the closing of a commercial loan secured by a cultivation and manufacturing facility located in west virginia for aggregate gross proceeds of 189 million trulieve will pay interest at a fixed rate of 73 for the first five years of the tenyear loan after five years the rate resets at fiveyear treasury plus 35 for the remainder of the loan the company may prepay the loan with cash from operations with no prepayment penalties at any time the company intends to use the net loan proceeds for general corporate purposes we are pleased to announce our second nondilutive financing this month stated trulieve chief executive officer kim rivers this financing at attractive terms further bolsters our cash position as we enter 2023 about trulieve  trulieve is a vertically integrated cannabis company and multistate operator in the us with established hubs in the northeast southeast and southwest anchored by market positions in arizona florida and pennsylvania get your daily dose of cannabis news on benzinga cannabis don’t miss out on any important developments in the industry theraleaf cannabis dispensary fined 50k for pesticide violations as rash of weedrelated lawsuits continue