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  "docSlug": "880ddcedf153",
  "documentTitle": "Trulieve Cannabis Corp (TRUL)",
  "authorId": "62_Grizzly_Research",
  "authorName": "Grizzly Reports",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-12-01 00:00:00",
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  "pageNumber": 13,
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  "notes": "The slide links specific construction payments ($8.7M in 2018, $28M in 2019) to a company owned by a spouse of a Trulieve officer, connecting it to FBI subpoenas.",
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      "text": "This exact company was also mentioned in the FBI subpoena and deeply involved in the projects where we speculate money was siphoned off.",
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      "text": "Burnette is obviously in trouble for serious charges, and we expect further investigations into his and Kim River's activities when it comes to raising money from the CRA and how these funds are used. Trulieve discloses that a spouse of an officer and director is a minority owner of a company that provides construction services to Trulieve. In 2018 that construction company received payments of $8.7million and in the first three quarters of 2019 the construction company was already paid almost $28 million. We are talking about meaningful amounts.",
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      "text": "Our research identified three notices of commencement, one dated April 2018 between Trulieve and Burnette Contracting for storm water drain improvements at 816 Commerce Blvd, one dated September 2018 with Burnette Construction for the improvements to 130 North Virgina Street, and one between Trulieve Capps Highway LLC and Burnette Construction.",
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      "text": "Florida county records show that the unnamed construction company is no other than Burnette Construction and Development, Inc. This exact company was also mentioned in the FBI subpoena and deeply involved in the projects where we speculate money was siphoned off.",
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      "kind": "paragraph",
      "text": "There seems to be a pattern where Big Wish LLC purchases properties at distressed prices, sells them to One More Wish, which then sells them on. This pattern reminds us of the property short sale scheme that Maddox and Carter Paige orchestrated.",
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      "kind": "title",
      "text": "6.2 Extensive Dealings with Burnette's Real Estate Company",
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