Trulieve Cannabis Corp. (CSE:TRUL) (OTC:TCNNF) announced Wednesday the pricing of the previously-announced marketed public offering of its shares.
The Tallahassee, Florida-based company opted to sell 5 million subordinate voting shares in the United States and Canada in an underwritten public offering, at a price of C$50.00 per share (or $39.63 per share, per the conversion rate found on Bloomberg at 4:30pm ET on April 7, 2021). Total proceeds before deductions, commissions and other expenses, are expected to come in at approximately $198.1 million.
Underwriters will be granted a month to buy up to an additional 750,000 subordinate voting shares at the public offering price.