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Curaleaf Announces Closing of C$16 Million Underwritten Offering of Subordinate Voting Shares
Curaleaf Announces Closing of C$16 Million Underwritten Offering of Subordinate Voting Shares ...
About this update from Curaleaf Holdings, Inc.
[{"type":"text","content":"\n \n \n \n Curaleaf Announces Closing of C$16 Million Underwritten Offering of Subordinate Voting Shares\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n \n \n \n \n \n NEW YORK\n \n \n ,\n \n \n Oct. 3, 2023\n \n \n /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (\"Curaleaf\" or the \"Company\"), a leading U.S. provider of consumer products in cannabis, announced today the closing of its previously announced marketed offering (the \"Offering\") of subordinate voting shares (the \"Offered Securities\") for total gross proceeds to the Company of\n \n C$16,200,000\n \n .\n \n \n The Offered Securities were offered in each of the Provinces of\n \n Canada\n \n , other than Québec, pursuant to a prospectus supplement dated\n \n September 28, 2023\n \n to the Company's base shelf prospectus dated\n \n December 30, 2022\n \n (the \"Prospectus\") and in\n \n the United States\n \n on a private placement basis to \"qualified institutional buyers\" pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), and applicable state securities laws.\n \n \n Canaccord Genuity acted as the sole underwriter and bookrunner for the Offering.\n \n \n The Company made the Offering: (i) to satisfy a condition required for a potential listing of the subordinate voting shares on the Toronto Stock Exchange (\"TSX\") and plans to use a portion of the proceeds of the Offering to fund working capital requirements of its international business operated by Curaleaf Holdings International; and (ii) for general corporate purposes of the Company.\n \n \n No securities regulatory authority has either approved or disapproved of the contents of this news release. The Offered Securities have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the Offered...