Green Thumb Industries agreed to a increase in the size of its bought deal offering with GMP Securities.
Green Thumb Industries (CSE:GTII) agreed to a increase in the size of its bought deal offering with GMP Securities.
As quoted in the press release:
Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 4,420,000 subordinate voting shares (the “Offered Securities”) of the Company at a price of $20.00 per Offered Security (the “Offering Price”) for aggregate gross proceeds to GTI of $88,400,000 (the “Offering”).
The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 663,000 Offered Securities at the Offering Price, exercisable in whole or in part, at any time and from time to time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional $13,260,000 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $101,660,000.