TerrAscend To Secure $15M Via Private Placements
Portfolio Pulse from Vuk Zdinjak
TerrAscend Corp. plans to raise $15 million through two concurrent private placements, consisting of an equity offering of approximately $7.5 million and a debenture offering of approximately $7.5 million. The funds will be used for the company's proposed TSX listing, Maryland dispensary acquisitions, and general corporate purposes.
June 21, 2023 | 2:34 pm
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TerrAscend Corp. plans to raise $15 million through private placements, which may impact the company's stock price in the short term.
The announcement of TerrAscend's intention to raise $15 million through private placements may have a neutral impact on the company's stock price in the short term. The funds will be used for the company's proposed TSX listing, Maryland dispensary acquisitions, and general corporate purposes, which may be seen as positive developments for the company. However, the issuance of new shares and debentures may dilute existing shareholders' ownership, which could have a negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100