Curaleaf Ready To Raise CA$16.2M With Securities Offering
Portfolio Pulse from Jelena Martinovic
Curaleaf Holdings Inc has announced the pricing of its marketed offering of subordinate voting shares at CA$6 per security, with Canaccord Genuity acting as the sole underwriter and bookrunner. The total gross proceeds from the sale of 2.7 million securities will be CA$16.2 million. The offering is part of the company's plan to list its subordinate voting shares on the Toronto Stock Exchange and will also fund the working capital requirements of its international business and other corporate purposes.
September 28, 2023 | 5:12 pm
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Curaleaf's securities offering could potentially increase the company's liquidity and fund its international business expansion, which may have a positive impact on its stock price.
The securities offering is a significant move for Curaleaf as it not only aims to raise funds but also satisfies a condition for a potential listing on the Toronto Stock Exchange. This could increase the company's visibility and attract more investors, potentially driving up its stock price.
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