Chicago-based marijuana multi-state operator Green Thumb Industries wants to raise about $150 million through the sale of 10 million shares of stock, according to a regulatory filing made with the U.S. Securities and Exchange Commission on Friday. Green Thumb Officials said it would use the proceeds to increase its capitalization, financial flexibility, and fund future possible acquisitions and investments. The offering takes four to six months for such a process to be completed. The sale involves subordinate voting shares, that are closed at $14.01 on Friday, down 2%. Green Thumb set the maximum price for its offering at $15.065 a share. The company’s subordinate voting shares also sell on the Canadian Securities Exchange under the symbol GTII.

SpeedWeed, 08/22/2020 02:00:02

Open article: