AdvisorShares Trust has disclosed a 6.26% ownership stake in Trulieve Cannabis Corp., according to a Schedule 13G filing submitted today with the U.S. Securities and Exchange Commission. The filing shows that AdvisorShares beneficially owns 10,641,152 subordinate voting shares of Trulieve. The disclosure is tied to a June 30 event date and lists AdvisorShares as having …
Category: Cannabis Business
Cannabis business news covering company earnings, acquisitions, store openings, market trends, investments and major industry developments.
High Tide Adopts Shareholder Rights Plans to Maintain Cannabis License Compliance and Protect Investors
High Tide Inc. announced today that its board of directors has approved the adoption of two shareholder rights plans designed to help the company remain compliant with cannabis laws in Canada while also protecting shareholders in the event of an unsolicited takeover attempt. The Calgary-based cannabis retailer, which trades as HITI on the Nasdaq and …
Curaleaf Resumes Trading Under CURLF Following Completion of Reverse Split Transition Period
Curaleaf Holdings announced today that its subordinate voting shares have resumed trading under the OTC trading symbol CURLF, following the completion of a temporary transition period tied to the company’s recent reverse stock split. Curaleaf, which trades on the Toronto Stock Exchange under the symbol CURA and on the OTCQX Best Market, said the return …
AdvisorShares Says MSOS Custodian Approved Direct Ownership of Glass House Brands Shares
AdvisorShares says its fund custodian has approved direct ownership of Glass House Brands stock, a move the firm says could lower derivative-related costs for shareholders following the company’s NYSE uplisting. In a post Monday, AdvisorShares said it has approval from the fund custodian to hold Glass House Brands directly under its new ticker symbol, GLAS. …
TerrAscend Signs Deal to Acquire Fifth New Jersey Dispensary, Files Proxy Statement for Potential U.S. Uplisting
TerrAscend Corp. announced today that it has signed an agreement that would give the company the option to acquire a fifth dispensary in New Jersey, while also moving forward with a shareholder vote intended to help position the company for a potential listing on a major U.S. stock exchange. The company said its consolidated entities …
Tilray to Acquire Medical Cannabis Telehealth Platform HelloMD
Tilray Brands announced today that it has reached a deal to acquire HelloMD Corporation’s Canadian medical cannabis assets, adding a digital healthcare and patient engagement platform to its medical marijuana operations. The acquisition remains subject to formal court approval, which Tilray said is expected June 29. Financial terms were not disclosed. HelloMD operates as a …
Trulieve CEO Plans to Terminate Automatic Share Sale Plan Before Second Tranche Begins
Trulieve Cannabis Corp. announced today that Chairman and CEO Kim Rivers plans to terminate an automatic securities disposition plan during the company’s next open trading window on August 11. The plan, adopted on March 16, was created under Rule 10b5-1 of the Securities Exchange Act of 1934 and provided for the orderly sale of 2.5 …
Trulieve Schedules Shareholder Vote on Plan to Move Incorporation From British Columbia to Delaware
Trulieve Cannabis Corp. has filed a definitive proxy statement asking shareholders to approve a corporate move that would shift its jurisdiction of incorporation from British Columbia to Delaware. The special shareholder meeting is scheduled for August 5 at 11 a.m. ET and will be held virtually. Shareholders of record as of June 8 will be …
SEC Dismisses Case Against Marijuana Company Grown Rogue
The U.S. Securities and Exchange Commission has dismissed an enforcement proceeding against Grown Rogue International, allowing the marijuana company to avoid the potential revocation of its securities registration after catching up on years of missed reports. In an opinion issued June 22, the SEC found that Grown Rogue violated federal reporting requirements by failing to …
Glass House Brands Approved to List Shares on NYSE Next Week
Glass House Brands announced today that its subordinate voting shares have been approved for listing on the New York Stock Exchange, with trading expected to begin next week under the ticker symbol GLAS. The company said the shares are expected to begin trading on the NYSE at the opening of trading on June 30. Glass …
