Replies to post #4339 on Trulieve Cannabis Corp (TCNNF)

[HoldHigh]

Reserved for Issuance: 77,907,641

Trulieve Cannabis Corp. (CSE: TRUL & OTC: TCNNF) ("Trulieve" or the "Company"), a leading and top-performing cannabis company in the United States, today announced that Company founders have entered into a voluntary lock-up agreement with the Company, effective immediately, in respect of 65,253,093 subordinate voting shares of the Company (on an as-converted basis), representing 59.25% of the subordinate voting shares of the Company, assuming the conversion of all issued and outstanding multiple voting and super voting shares of the Company.

The voluntary lock-up agreement stipulates that these shareholders will not offer to sell, contract to sell or otherwise dispose of any of Trulieve securities subject to the lock-up agreement, or enter into any transaction to such effect, directly or indirectly, in addition to other restrictions, on or before July 25, 2020. Effective January 25, 2020, an additional 15%, or 11,205,960, of the subordinate voting shares of the Company subject to the lockup agreement shall be released from the restrictions of the lockup agreement. 54,047,133 of the subordinate voting shares of the Company shall remain subject to the lockup agreement restrictions until July 25, 2020.

Too bad these guys can't do their research correctly. 12,654,548 max then possibly 11,205,960 in Jan 2020. This is a low float company.