Tuesday, October 7, 2025

Latest

Trulieve Closes Oversubscribed $115.5 Million Financing

Trulieve Cannabis (CSE: TRUL) has closed its previously announced private placement, raising gross proceeds of C$115,517,500. The offering saw the full over allotment exercised by the underwriters, resulting in a total of 4,715,000 subordinate voting shares of the issuer being sold.

Securities were sold at a price of $24.50 per subordinate voting share under the terms of the placement, with funds to be used primarily for business development and general working capital. The offering was lead by Canaccord Genuity whom acted as lead underwriter alongside a syndicate.

The private placement was announced by Trulieve last week, with the initial value of the raise pegged at C$100.5 million. The financing was announced shortly after the company informed the market that it would be entering the Pennsylvania market with the acquisition of both a cannabis cultivation operation as well as a dispensary operator, for $46 million and US$20 million respectively, before earn-out payments are factored in.

Trulieve Cannabis last traded at $25.40 on the CSE.


Information for this briefing was found via Sedar and Trulieve Cannabis Corp. 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Trulieve Cannabis: Analyst Q1 Consensus Estimates

Trulieve Cannabis (CSE: TRUL) announced that they will be reporting their first quarter financials before...

Wednesday, May 12, 2021, 04:01:00 PM

Paradigm Initiates Coverage On Trulieve With $59 Price Target

Earlier this month, Paradigm Capital initiated coverage on Trulieve Cannabis Corp (CSE: TRUL) with a...

Sunday, December 27, 2020, 01:42:00 PM

US Cannabis: Stifel Expects Growth To Decelerate In Q4 Earnings

On February 2nd, Stifel-GMP put out their fourth quarter 2021 earnings preview, calling it “The...

Wednesday, February 9, 2022, 04:33:00 PM

Florida Marijuana Group Unveils Revamped Legalization Plan for 2026

The proponents of Florida’s failed recreational marijuana measure have unveiled a revised constitutional amendment for...

Friday, January 17, 2025, 03:48:00 PM

Trulieve Closes $287.5 Million Financing With US-Based Investors

Trulieve Cannabis (CSE: TRUL) has closed its previously announced marketed public offering of shares, the...

Monday, April 12, 2021, 09:55:40 AM