Trulieve Files Form S-1 As Part Of Transition To U.S. Reporting Company

Trulieve Cannabis Corp (CSE: TRUL) this morning announced the filing of a resale registration statement on Form S-1 with the United States Securities and Exchange Commission. Originally filed last night, the filing brought confusion to many retail investors whom were uncertain on what the filing pertained to.

The company this morning elected to provide clarity to those whom caught the notice, indicating that the filing effectively makes the company a U.S. reporting company upon it becoming effective. Trulieve further confirmed that no subordinate voting shares are being sold under the registration statement.

Effectively, the filing was required by the firm as it transitions from a Canadian-based operator to that of a US-based operator. With the firm having such a large proportion of US shareholders, it was required for the transition to occur, while the firm will also be changing from IFRS reporting standards to that of US GAAP in its oncoming financial results.

Trulieve Cannabis last traded at $53.00 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

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

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

Trulieve: Canaccord Reiterates $97 Price Target After Results

On November 15th, Trulieve Cannabis (CSE: TRUL) reported its third quarter results, announcing record revenues...

Friday, November 19, 2021, 10:31:00 AM

Trulieve Reports Revenue Of $193.8 Million, Net Income Of $30.1 Million For Q1 2021

Trulieve Cannabis Corp (CSE: TRUL) this morning reported its first quarter 2021 financial results this...

Thursday, May 13, 2021, 07:21:23 AM

Trulieve’s Net Losses In Q3 2022 Widened By Five Times

The cannabis firm sees revenue down sequentially while inventories are on an upward trend. Trulieve...

Thursday, November 10, 2022, 03:14:00 PM

Trulieve Closes Oversubscribed $115.5 Million Financing

Trulieve Cannabis (CSE: TRUL) has closed its previously announced private placement, raising gross proceeds of...

Monday, September 21, 2020, 09:14:40 AM

Trulieve Settles With OSHA After Employee’s Death From Inhaling Cannabis Dust

Trulieve Cannabis (CSE: TRUL) has settled with the Department of Labor’s Occupational Safety and Health...

Thursday, December 22, 2022, 08:24:55 AM