Curaleaf Holdings, Inc, announced today the closing of the private placement offering previously announced on July 2nd, 2020. Under the new agreement, subscribers purchased an aggregate of 3,541,429 subordinate voting shares of the Company. Furthermore, the Company secured a second tranche investment, which is part of the Offering closing today. The latest offering was conducted in connection with the anticipated closing of the proposed and pending acquisition of GR Companies, Inc. d/b/a Grassroots. CuraLeaf reports that the Net proceeds of the offering are intended to be used to fund Grassroots’ high-return expansion projects.
– Carol Felix, Florida’s Source for Cannabis Medical and Business Developments, 07/21/2020 9:36:53 PM