Green Thumb Industries (CSE: GTII) this morning announced that it has raised further funds in connection with the filing of its Form S-1 with the SEC. The company has managed to raise an additional $56.0 million.
A total of 1.6 million additional subordinate voting shares have been sold by the company at a price of US$35.50 per share, resulting in further funds of $56.0 million coming in the door. This is in addition to the previously announced $100.0 million raised by the company under the S-1 earlier this month.
The offering, which is said to be “self-underwritten,” will see proceeds used for the firms capitalization and financial flexibility.
Green Thumb Industries last traded at $44.58 on the CSE.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization unless otherwise mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.