Curaleaf Holdings To Raise C$275.6 Million Via Overnight Marketed Offering

Curaleaf Holdings (CSE: CURA) this morning released the pricing of its previously announced overnight marketed offering. The company through the offering intends to raise C$275.6 million, via the issuance of securities at a price of $16.70 per share.

The offering is to consist only of subordinate voting shares, with no warrant being attached to the financing. As a result, a total of 16.5 million subordinate voting shares are to be sold under the offering, with the underwriters having been granted a 15% over-allotment option that is valid for a period of 30 days from the date of issuance.

The offering is currently anticipated to be closed by January 12, 2021. Net proceeds from the offering are to be used for working capital and general corporate purposes.

Curaleaf Holdings last traded at $17.48 on the CSE.


Information for this briefing was found via Sedar and Curaleaf Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Cronos Confirms That It Has Received Expressions Of Interest, While Curaleaf Refuses To Comment

Cronos Group (TSX: CRON) has confirmed that it has received what amounts to “a number”...

Friday, July 7, 2023, 08:37:08 AM

US Cannabis, Momentum, With Lots of Hurdles

The US Cannabis market has been a confusing ride for investors to comprehend. We have...

Thursday, September 12, 2019, 04:09:33 PM

Curaleaf Still Recorded Annual Loss After Hitting Billion-Mark In Revenue

Curaleaf Holdings, Inc. (CSE: CURA) released on Thursday post the closing bell its Q4 and...

Friday, March 4, 2022, 10:54:55 AM

Curaleaf To Enter European Market With US$286 Million Acquisition

Curaleaf Holdings (CSE: CURA) this evening announced that it is making a move into European...

Tuesday, March 9, 2021, 04:15:39 PM

Curaleaf Acquires Final Portion of Florida Operations For C$31.9 Million

Curaleaf Holdings (CSE: CURA) has finally acquired the final portion of its Florida assets as...

Sunday, August 23, 2020, 01:35:00 PM