TerrAscend Upsizes Previously Announced Offering To $20M, Closes $16M Initial Tranche
Portfolio Pulse from Joana Scopel
TerrAscend Corp. closed the first tranche of its concurrent private placements for total gross proceeds of approximately $16 million, upsizing the offering to $20 million. The proceeds will be used for TSX listing qualification, Maryland dispensary acquisitions, and general corporate purposes.
June 26, 2023 | 9:28 pm
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POSITIVE IMPACT
TerrAscend closed the first tranche of its private placements for $16M, upsizing the offering to $20M. Proceeds will be used for TSX listing qualification, Maryland dispensary acquisitions, and general corporate purposes.
The closing of the first tranche and upsizing of the offering to $20M indicates strong demand for TerrAscend's private placements. The proceeds will be used for growth initiatives, such as TSX listing qualification and Maryland dispensary acquisitions, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TerrAscend closed the first tranche of its private placements for $16M, upsizing the offering to $20M. Proceeds will be used for TSX listing qualification, Maryland dispensary acquisitions, and general corporate purposes.
The closing of the first tranche and upsizing of the offering to $20M indicates strong demand for TerrAscend's private placements. The proceeds will be used for growth initiatives, such as TSX listing qualification and Maryland dispensary acquisitions, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100