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Curaleaf Closes Upsized C$317 Million Equity Offering

Curaleaf Announces Closing of Offering of Subordinate Voting Shares WAKEFIELD, Mass., Jan. 12, 2021 /PRNewswire/ — Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading U.S. provider of consumer products in cannabis, announced today the closing of its previously announced overnight marketed offering (the “Offering”) of subordinate voting shares of the […]

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Curaleaf Announces Closing of Offering of Subordinate Voting Shares

WAKEFIELD, Mass., Jan. 12, 2021 /PRNewswire/ — Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading U.S. provider of consumer products in cannabis, announced today the closing of its previously announced overnight marketed offering (the “Offering”) of subordinate voting shares of the Company.

The underwriters have exercised their over-allotment option in full, and as a result 18,975,000 subordinate voting shares of the Company were issued at a price of C$16.70 per share for total gross proceeds of C$316,882,500, before deducting the underwriters’ fees and estimated offering expenses.

Canaccord Genuity Corp. acted as lead underwriter for the Offering on behalf of a syndicate of underwriters including Beacon Securities Limited, Cantor Fitzgerald Canada Corp., Cormark Securities Inc., Eight Capital and Haywood Securities Inc.

The Offering was conducted in each of the Provinces of Canada, other than Québec, pursuant to a prospectus supplement to the Company’s base shelf prospectus dated November 2, 2020 (the “Prospectus”) and elsewhere on a private placement basis.

Boris Jordan, Curaleaf Executive Chairman of the Board, commented, “Curaleaf’s successful closing of this C$316,882,500 capital raise represents the largest post-RTO offering by a multi-state operator in the industry and a major milestone in supporting the future growth of our business. Strong support from many of our existing shareholders as well as significant demand from new institutional investors led to the underwriters fully exercising their additional 15% over-allotment option.”

The closing of the offering follows Curaleaf’s recently completed agreement for a new $50 million revolving credit facility announced on January 11, 2021.

Boris Jordan, Curaleaf Executive Chairman of the Board

These infusions of capital further strengthen Curaleaf’s balance sheet at a crucial inflection point in the sector and significantly lower our average cost of capital, all while providing the Company enhanced flexibility to extend our leadership position in the exciting U.S. cannabis market.

The Company intends to use the net proceeds of the Offering for working capital and general corporate purposes.

A.G.P./Alliance Global Partners acted as Financial Advisor in connection with the Offering.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The subordinate voting shares have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the Offered Securities may not be offered or sold within the United States or to or for the account or benefit of “U.S. persons” unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf”) is a leading U.S. provider of consumer products in cannabis, with a mission to improve lives by providing clarity around cannabis and confidence around consumption. As a vertically integrated, high-growth cannabis operator known for quality, expertise and reliability, the company and its brands, including Curaleaf and Select, provide industry-leading service, product selection and accessibility across the medical and adult-use markets. Curaleaf currently operates in 23 states with 96 dispensaries, 23 cultivation sites and over 30 processing sites, and employs over 3,000 team members across the United States. Curaleaf is listed on the Canadian Securities Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF. For more information please visit www.curaleaf.com.

INVESTOR CONTACT
Curaleaf Holdings, Inc.
Dan Foley, VP, Finance and Investor Relations
IR@curaleaf.com
781-451-0145

MEDIA CONTACT
Curaleaf Holdings, Inc.
Tracy Brady, VP Corporate Communications
media@curaleaf.com
781-486-1037

Original press release

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Published by NCV Newswire
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Source: https://www.newcannabisventures.com/curaleaf-closes-upsized-c317-million-equity-offering/

Heartland

Topical CBD feels amazing

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I’ve gotten some coconut oil from LN that I’ve been using topically. Really amazed with how well it works. Only way I can describe it is – it’s as if my skin is “on CBD”. It just feels like a soft warm glow that seems to radiate everywhere.

I’m not sure if it’s just me.. but I seem to feel it in more areas of my body than just the area of application- has anyone felt the same?

Like if I put it on my face, head (I’m bald), and lower back I seem to feel it’s affects radiate through my whole body. Especially the whole upper body area.

I’m actually using CBD way more topically than internally

Source: https://www.reddit.com/r/CBD/comments/l2hun0/topical_cbd_feels_amazing/

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Heartland

What’s the best/strongest CBD vape?

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I’m needing a strong CBD vape. The vapes I have now don’t really do much for me even if I take multiple hits. I’m looking to ease my anxiety when I start to dwell or worry over something, and also for night time use. The vapes I use are well known brands who others love. I won’t name those brands because I don’t want to make them look bad, cause it’s not them it’s me (LOL). Flower isn’t an option because of the smell unfortunately. So what’s everyone’s recommendations?

Source: https://www.reddit.com/r/CBD/comments/l2h3d4/whats_the_beststrongest_cbd_vape/

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General oil question

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When taking oils orally, le general rule of thumb is to leave it under your tongue for 30 sec minimum.
My question is, will i get a better mellow if i let le oil marinate longer than 30sec?
And if so is there a certain amount of time that passes le point of no return?

Source: https://www.reddit.com/r/CBD/comments/l2h0ja/general_oil_question/

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