RE:RE:RE:RE:Financing soonBelow is an interesting correlation to the announcement of a forthcoming prospectus by Nextleaf. Mind you the below announcement was for an IP in the US, it is along the same idea for OILS potentially moving forward.
South of the border, U.S. MSO (multistate operator) Green Thumb Industries Inc. (GTII) added $3.33 to $48.71 on 2.2 million shares, on top of the $2.25 it added yesterday after announcing a U.S. financing for a total of $100-million (U.S.) with an unnamed institutional investor. To hear Green Thumb talk, the investor practically raced in waving a giant cheque. This offering was qualified under a Form S-1 registration statement that Green Thumb filed with the SEC last August (and amended twice in the last three weeks), allowing for the potential sale of up to 10 million shares. The SEC declared the statement effective yesterday. Then, according to Green Thumb, "Shortly following [the statement] becoming effective, Green Thumb received and accepted an offer from a single institutional investor" to buy 3.1 million shares for a total of $100-million (U.S.). The rapid, self-underwritten financing is to close today.
The flurry of recent amendments suggests that Green Thumb had at least some idea of the investor's intentions well in advance.