Business
Boris Jordan Converts Shares of Curaleaf Holdings, Inc.
Boris Jordan Converts Shares of Curaleaf Holdings, Inc. Canada NewsWire NEW YORK...
About this update from Curaleaf Holdings, Inc.
[{"type":"text","content":"\n\n\n\nBoris Jordan Converts Shares of Curaleaf Holdings, Inc.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nNEW YORK, May 11, 2020\n\n\n\nNEW YORK, May 11, 2020 /CNW Telbec/ - On April 20, 2020, Gociter Holdings Ltd (\"Gociter\"), a company controlled by Boris Jordan, converted 2,373,091 multiple voting shares (the \"Multiple Voting Shares\") of Curaleaf Holdings Inc. (the \"Company\") into an equivalent number of subordinate voting Shares of the Company (\"Subordinate Voting Shares\") (the \"First Conversion\"). On May 6, 2020, Gociter converted 7,626,909 Multiple Voting Shares into an equivalent number of Subordinate Voting Shares (the \"Second Conversion\", and collectively with the First Conversion, the \"Conversions\"). Notwithstanding the Conversions, Mr. Boris Jordan has not sold or otherwise disposed of any Subordinate Voting Shares.\nImmediately prior to the First Conversion, Mr. Jordan owned or controlled (i) 44,581,971 Subordinate Voting Shares, representing approximately 10.38% of the issued and outstanding Subordinate Voting Shares prior to the First Conversion; and (ii) 103,970,705 Multiple Voting Shares representing 100% of the issued and outstanding Multiple Voting Shares prior to the First Conversion, approximately 19.48% of the total issued and outstanding shares of the Company prior to the First Conversion and approximately 78.40% of the voting power attached to such outstanding shares of the Company. Immediately prior to the First Conversion, and assuming conversion of the Multiple Voting Shares owned or controlled by Mr. Jordan into Subordinate Voting Shares, Mr. Jordan owned or controlled approximately 27.84% of the issued and outstanding Subordinate Voting Shares prior to the First Conversion.\nThe Multiple Voting Shares are convertible at any time at the option of the holder thereof into Subordinate Voting Shares of the Company on a share-for-share basis and will convert automatically into Subordinate Voting Shares of the Company on a share-for-share basis under certain other circumstances descr...