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Tuesday, 10/16/2018 2:15:20 PM

Tuesday, October 16, 2018 2:15:20 PM

Post# of 18226
As part of the RTO, the company also raised C$65 million by selling around 11 million shares at C$6.0 per share. The proceeds will be used to fund additional store openings in Florida and potential entry into other markets where cannabis has been legalized. Post the transaction, Trulieve has 110 million fully diluted shares which imply a market capitalization of around C$2 billion. The stock rose 66% on the first trading day to close at C$9.98, and the momentum continued in the following days to fresh all-time highs.