Cannabis News

Trulieve Cannabis (CSE:TRUL,OTCQX:TCNNF) is proposing an offering of debenture units under its base shelf prospectus.

Trulieve Cannabis (CSE:TRUL,OTCQX:TCNNF) is proposing an offering of debenture units under its base shelf prospectus.

As quoted in the press release:

Each Unit will be comprised of one 9.75% senior secured note maturing in 2024 (the “Notes”) and a number of subordinate voting share purchase warrants (the “Warrants”) of the Company.

Canaccord Genuity Corp. will act as the exclusive agent on a “best-efforts” basis in connection with the Offering. The Offering, if successfully completed, will be priced in the context of the market with the number of Units, issue price of the Units, number of Warrants and total size of the Offering to be determined at the time of entering into an agency agreement for the Offering.

Click here to read the full release.

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