Trulieve Looks To Raise Funds In The United States Following Filing Of S-1

Trulieve Cannabis (CSE: TRUL) last night announced that it is conducting a marketed public offering of subordinate voting shares in both Canada and the United States. While a price tag was not placed on the financing, what is known is that the firm is looking to sell 4.4 million shares of its equity.

The offering, despite having few details, is significant for the company in that it marks the first such offering being conducted within the United States. The firm is able to do so following the filing of a Form S-1 with the SEC, also known as a registration statement, which follows the footsteps of industry peer Green Thumb Industries, whom took similar steps earlier this year.

The financing, while not yet priced, is to be lead by Canaccord Genuity, with a total of 4.4 million subordinate voting shares to be sold with no warrant attached. An over-allotment option has also been granted for a further 660,066 shares as well, to bring the total financing to roughly 5.1 million shares. No timeline has been provided for the closing of the offering.

Proceeds from the offering are to be used to fund business development and for general working capital.

Trulieve Cannabis last traded at $56.35 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

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Trulieve: Analysts Expect US$221 Million In Q3 Revenues

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

Sunday, November 14, 2021, 04:17:00 PM

Trulieve Posts Q1 Revenues Of $215.1 Million, Net Income

Trulieve Cannabis (CSE: TRUL) this morning reported its second quarter financial results, healthily beating analyst...

Thursday, August 12, 2021, 07:38:54 AM

Trulieve Posts $224.1 Million In Q3 Revenues, Positive Net Income

Trulieve Cannabis (CSE: TRUL) this morning reported its third quarter financial results for 2021. The...

Monday, November 15, 2021, 07:30:59 AM

Trulieve Q4 2023 Financials: 4% Revenue Drop, Narrowed Losses

Trulieve Cannabis (CSE: TRUL) has released its financial results for the fourth quarter and full...

Thursday, February 29, 2024, 02:05:05 PM

Planet 13 Acquires Florida License From Harvest Health

Planet 13 Holdings (CSE: PLTH) is officially headed to Florida. The firm this morning indicated...

Friday, October 1, 2021, 08:28:16 AM