Wednesday, August 27, 2025

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

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

Related News

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...

Wednesday, January 13, 2021, 07:40:56 AM

Trulieve Sees Consensus Price Target Tumble After Cutting Guidance

Trulieve Cannabis (CSE: TRUL) reported its second quarter financial results on Wednesday. The company announced...

Thursday, August 11, 2022, 04:39:00 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 Reports Third Quarter Revenues of US$70.7 Million

Trulieve Cannabis Corp (CSE: TRUL) announced its third quarter financial results after the bell today,...

Monday, November 18, 2019, 05:46:58 PM

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