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Curaleaf Announces Closing of Offering of Subordinate Voting Shares
Curaleaf Announces Closing of Offering of Subordinate Voting Shares Canada News...
About this update from Curaleaf Holdings, Inc.
[{"type":"text","content":"\n \n \n \n Curaleaf Announces Closing of 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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n WAKEFIELD, Mass.\n \n ,\n \n Jan. 12, 2021\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 overnight marketed offering (the \"Offering\") of subordinate voting shares of the Company.\n \n \n The underwriters have exercised their over-allotment option in full, and as a result 18,975,000 subordinate voting shares of the Company were issued at a price of\n \n C$16.70\n \n per share for total gross proceeds of\n \n C$316,882,500\n \n , before deducting the underwriters' fees and estimated offering expenses.\n \n \n Canaccord Genuity Corp. acted as lead underwriter for the Offering on behalf of a syndicate of underwriters including Beacon Securities Limited, Cantor Fitzgerald Canada Corp., Cormark Securities Inc., Eight Capital and Haywood Securities Inc.\n \n \n The Offering was conducted in each of the Provinces of Canada, other than Québec, pursuant to a prospectus supplement to the Company's base shelf prospectus dated November 2, 2020 (the \"Prospectus\") and elsewhere on a private placement basis.\n \n \n \n Boris Jordan\n \n , Curaleaf Executive Chairman of the Board, commented, \"Curaleaf's successful closing of this\n \n C$316,882,500\n \n capital raise represents the largest post-RTO offering by a multi-state operator in the industry and a major milestone in supporting the future growth of our business. Strong support from many of our existing shareholders as well as significant demand from new institutional investors led to the underwriters fully exercising their additional 15% over-allotment option. The closing of the offering follows Curaleaf's recently completed agreement for a new\n \n $50 million\n \n revolving credit facility announced on\n \n January 11, 2021\n \n . These infusions of c...