Trulieve became eligible to file the S-3 registration statement following one year of reporting under the previously filed registration statement and associated amendments on Form S-1. The S-3 filing provides a shelf registration which may provide the company with additional flexibility in its future financing opportunities.
Editor’s note: Trulieve CEO Kim Rivers said publicly that the filing of the S-3 is to provide optionality in the event the company wants to do any type of raise in the future, but there are no plans to use it currently.
The specific terms of any securities to be offered pursuant to the base prospectus will be specified in a prospectus supplement. The resale prospectus covers the resale registration by selling shareholders of up to 72,288,199 subordinate voting shares. Selling shareholders may offer, sell or distribute all or a portion of their subordinate voting shares publicly or through private transactions at prevailing market prices or at negotiated prices. However, the registration of the securities covered by the registration statement does not necessarily indicate that the company and/or selling shareholders will offer or sell any subordinate voting shares in connection with such registration or within any specific timeframe.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities.
Trulieve has filed a registration statement (including a prospectus) with the
Alternatively, Trulieve and any participant in any applicable offering will arrange to send the prospectus to those who request it by calling toll-free 1-844-878-5438.