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TerrAscend Announces Closing on $69 Million Non-Brokered Private Placement
TerrAscend Announces Closing on $69 Million Non-Brokered Private Placement Canada ...
About this update from Terrascend Corp.
[{"type":"text","content":"\n\n\n\nTerrAscend Announces Closing on $69 Million Non-Brokered Private Placement\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\nTORONTO, May 28, 2019\n\n\n\nTORONTO, May 28, 2019 /CNW/ - TerrAscend Corp. (CSE:TER;OTCQX:TRSSF) (\"TerrAscend\" or the \"Company\") has completed its previously announced upsized non-brokered private placement (the \"Private Placement\") with orders totaling approximately $69 million. The Company issued 9,026,034 common shares in the Private Placement at the previously announced price of $7.64.  All members of the Company's leadership team participated in the Offering, including a US$18.4 million lead order from funds advised by JW Asset Management, LLC and affiliated entities.  For further details concerning the Private Placement, please refer to the Company's news release dated May 7, 2019.\n\n \n \n\n \nAs noted previously, the Company intends to use the proceeds from the Private Placement to fund its United States acquisition strategy, working capital and general corporate purposes.  \nThe Company has agreed to pay a cash finder's fee based on subscriptions for the Private Placement arranged by certain finders, led by Clarus Securities Inc.\nThe securities to be issued pursuant to the private placement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the \"1933 Act\"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.\nAbout TerrAscend\nTerrAscend provides quality products, brands, and services to the global cannabinoid market. As the first North American Operator (NAO), with scale operations in both Canada and the US, the Company participates in the medical and legal adult use market across Canada and in several US states where cannabis has been legalized...