Trulieve Prices Public Offering At C$198.1 Million

Trulieve Cannabis (CSE: TRUL) this evening released the pricing of their previously announced public offering of subordinate voting shares. The company also increased the amount of shares to be offered, resulting in an increase to the size of the offering as a whole.

The offering will now see 5.0 million subordinate voting shares of the company sold, up from the initial 4.4 million, with each share priced at C$50.00 each. Gross proceeds are expected to amount to $198.1 million from the offering. An over allotment option has also been granted, which would see an additional 750,000 subordinate voting shares sold under the offering.

Notably, the offering is the first available to investors in the US under a recently filed registration statement. Net proceeds from the offering are to be used to fund business development and general working capital purposes.

Trulieve Cannabis last traded at $54.25 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

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Trulieve Records $120.8 Million In Revenue In Q2, Net Income of $6.6 Million, Raises Guidance

Trulieve Cannabis Corp (CSE: TRUL) reported its second quarter 2020 earnings this morning, reporting record...

Wednesday, August 12, 2020, 07:53:43 AM

Trulieve: Analysts Expect Beat On Company Full Year Guidance

Trulieve Cannabis (CSE: TRUL) announced that they will be reporting their fourth quarter and year-end...

Friday, March 5, 2021, 10:37:00 AM

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 Appoints Acquired Harvest Health Executives To Leadership Team

Trulieve Cannabis (CSE: TRUL) announced on Tuesday major changes to its executive leadership team. This follows...

Wednesday, December 29, 2021, 01:06:00 PM

Trulieve Cannabis Posts Q1 Revenues Of $318.3 Million, Net Loss

Trulieve Cannabis (CSE: TRUL) this morning reported its first quarter 2022 financial results. Results were...

Thursday, May 12, 2022, 08:00:06 AM