Trulieve Announces Proposed Public Supplying of Debenture Units
TORONTO, Oct. 29, 2019 /CNW/ – Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) now announced that it is proposing an providing (the “Offering”) below its base shelf prospectus of debenture units (the “Units”). Every Unit will be comprised of 1 9.75% senior secured note maturing in 2024 (the “Notes”) and a quantity of subordinate voting share obtain warrants (the “Warrants”) of the Firm.
Canaccord Genuity Corp. will act as the exclusive agent on a “best-efforts” basis in connection with the Supplying. The Supplying, if effectively completed, will be priced in the context of the market place with the quantity of Units, problem price tag of the Units, quantity of Warrants and total size of the Supplying to be determined at the time of getting into into an agency agreement for the Supplying.
If the Supplying is effectively completed, the Firm intends to use the net proceeds of the Supplying for capital expenditures, acquisitions and for basic corporate purposes. The Firm will deliver additional information and facts as events warrant.
The outstanding subordinate voting shares of the Firm, the Notes and the Warrants are listed and posted for trading on the Canadian Securities Exchange (the “CSE”). The Firm will apply to list the Notes and Warrants to be issued pursuant to the Supplying, as effectively as the subordinate voting shares of the Firm to be issued upon the exercise of the Warrants, on the CSE. Listing will be topic to the approval of the CSE.
A prospectus supplement to the Company’s base shelf prospectus dated May well 14, 2019 (collectively, the “Prospectus”) will be filed with the securities regulatory authorities in every of the provinces of Canada, other than Quebec. The Prospectus consists of significant detailed information and facts about the Supplying. Copies of the base shelf prospectus and, any supplement thereto filed in connection with the Supplying, can be identified on SEDAR at www.sedar.com. Copies of the Prospectus may well also be obtained in Canada from Canaccord Genuity Corp., 161 Bay Street, Suite 3000, Toronto, Ontario, M5J 2S1, by e-mail at [email protected]
Trulieve is a vertically integrated “seed-to-sale” enterprise and is the very first and biggest totally licensed health-related cannabis enterprise in the State of Florida. Trulieve cultivates and produces all of its goods in-residence and distributes these goods to Trulieve-branded shops (dispensaries) all through the State of Florida, as effectively as straight to sufferers by way of dwelling delivery. Trulieve also operates in California, Massachusetts and Connecticut. Trulieve is listed on the Canadian Securities Exchange below the symbol TRUL.
This press release does not constitute an supply to sell or a solicitation of an supply to obtain nor shall there be any sale of any of the securities in any jurisdiction in which such supply, solicitation or sale would be unlawful. The securities have not been and will not be registered below the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may well not be presented or sold inside the “United States” or to “U.S. Persons” (as such terms are defined in Regulation S below the U.S. Securities Act) unless registered below the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration needs.
To discover a lot more about Trulieve, pay a visit to www.Trulieve.com.
Original Press Release
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