Trulieve Cannabis Corp. (“Trulieve”) a leading and top-performing cannabis company in the United States, announced today it has entered into an agreement with Canaccord Genuity Corp. (the “Underwriter”), pursuant to which the Underwriter has agreed to purchase, on an underwritten basis, 4,100,000 subordinate voting shares of the Compay (the “Offered Securities”) at a price of C$24.50 per Offered Security, for aggregate gross proceeds to Trulieve of C$100,450,000. Officials report the Offered Securities will be offered in each of the Provinces of Canada, other than Québec (the “Public Offering”) pursuant to a prospectus supplement to the Company’s base shelf prospectus dated May 14, 2019 (the “Prospectus”) Also, The Offered Securities may also be offered elsewhere on a private placement basis. In addition, Trulieve has granted the Underwriter an over-allotment option (the “Over-Allotment Option”) to purchase up to an additional 615,000 Offered Securities on the same terms as the Offering. In addition, Trulieve has granted the Underwriter an over-allotment option (the “Over-Allotment Option”) to purchase up to an additional 615,000 Offered Securities on the same terms as the offering.
Published Ncv Newswire, New Cannabis Ventures, 09/16/2020 16:43:07