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TerrAscend Announces Upsizing of Previously Announced Non-Brokered Private Placement
TerrAscend Announces Upsizing of Previously Announced Non-Brokered Private Placement ...
About this update from Terrascend Corp.
[{"type":"text","content":"\n\n\n\nTerrAscend Announces Upsizing of Previously Announced 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, April 26, 2019\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/\nDeal size is increased from previously announced US$30-$40 million due to strong investor demand \n TORONTO, April 26, 2019 /CNW/ - TerrAscend Corp. (CSE:TER) (\"TerrAscend\" or the \"Company\") is pleased to report that its previously announced private placement (the \"Private Placement\") was met with strong investor interest, and that the Company now intends to increase the offering size to approximately US$40 million - US$50 million.  The Company has received a lead order from funds advised by JW Asset Management, LLC and its affiliates for a minimum investment of US$15 million.  For further details concerning the Private Placement, please refer to the Company's news release dated April 22, 2019.  \n\n \n \n\n \nThe Company intends to use the proceeds from the Private Placement to fund its United States acquisition strategy and for working capital and general corporate purposes.  \nSubject to the satisfaction of customary closing conditions, including the approval of the Canadian Securities Exchange, the Private Placement is expected to close, in one or more tranches, by mid-May, 2019.  \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. The Company participates in the medical and leg...