Saturday, October 25, 2025

Latest

Trulieve Looks To Raise US$350 Million In Senior Secured Notes To Pay Off Harvest Health Debts

Trulieve Cannabis (CSE: TRUL) last night revealed they are looking to raise big dollars as a means of paying for the now-closed acquisition of Harvest Health (CSE: HARV). The firm indicated it is looking to raise gross proceeds of US$350 million to fund the acquisition.

The financing is to take the form of senior secured notes, which bear interest at a rate of 8% per annum, paid semi-annually. The notes are to be for a period of five years, expiring in 2026, and rank pari pasu with the senior secured notes that mature in 2024.

The notes are said to be redeemable at any point after two years from the date of issuance. The financing is said to be conducted on a best efforts basis.

Proceeds from the financing are to be used to pay off certain debts owed by Harvest Health following the firms acquisition of the company, as well as for capital expenditures and general corporate purposes.

The financing is expected to close October 6, 2021.

Harvest Health currently has approximately $278.6 million outstanding notes payable, of which $134.4 million is currently classified as being current.

Trulieve Cannabis last traded at $34.46 on the CSE.


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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Trulieve, Harvest Health Receive Court Approval For Merger, Closing Timeline Remains Vague

Approval from the courts has been granted to Harvest Health (CSE: HARV) in relation to...

Thursday, August 19, 2021, 08:59:38 AM

Trulieve Cannabis Obtains Two Dispensaries In Ohio Following Litigation Settlement

Trulieve Cannabis (CSE: TRUL) has added assets in Ohio to its portfolio following the conclusion...

Thursday, May 30, 2024, 08:45:09 AM

Trulieve: Five Analysts Raise Price Targets Following Stellar Earnings

Trulieve Cannabis (CSE: TRUL) reported their second-quarter financial results this week, boasting a record U$120.8...

Friday, August 14, 2020, 11:43:41 AM

EXCLUSIVE: Harvest Health’s Statement on Agrimed Industries Pennsylvania License

Following The Deep Dive’s coverage on Harvest Health & Recreation (CSE: HARV) yesterday related to...

Tuesday, July 30, 2019, 11:13:56 AM

Trulieve Sees Flat Q2 Results, Lowers Guidance For Full Fiscal Year

Growth appears to be slowing for Trulieve Cannabis (CSE: TRUL), whom this morning reported its...

Wednesday, August 10, 2022, 08:21:12 AM