Cannabis multistate operator Green Thumb Industries said it accepted an offer to sell $100 million of stock to a single institutional investor as part of a previously announced securities offering in the United States – a first for the company. Chicago-based Green Thumb said the proceeds from the sale of 3.1 million subordinate voting shares at $32.03 per share will be used to increase the company’s financial flexibility. The company said the sale would close Tuesday. Green Thumb shares, traded on the over-the-counter market under the ticker symbol GTBIF, rose on the news. The shares closed at $35.75, up 5.5%, after reaching as high as $37.96 during the day.
Marijuana Business Daily, 02/09/2021 17:09:00