Final details; 30,909,091 common priced at $5.50 USD. "Certain Shareholders (the "Selling Shareholders") are selling 5,454,545 common shares..." = Insider selling is not positive. Greenshoe has not been exercised according to the press release. https://www.prnewswire.com/news-release ... 42737.htmlMrMom wrote: ↑ "CannTrust Announces Public Offering of Common Shares"
Apr 22, 2019, 06:56 ET
https://www.prnewswire.com/news-release ... 35521.html
... announced today that it has commenced an underwritten public offering of an aggregate US$200 million common shares, which contemplates approximately 85% of the common shares to be sold in the offering by the Company and approximately 15% of the common shares to be sold in the offering by certain shareholders (the "Selling Shareholders"). In connection with the offering, the Company and the Selling Shareholders expect to grant to the underwriters a 30-day option to purchase up to an additional 15% of the number of common shares sold in the offering.
The offering is expected to be priced in the context of the market, with the final terms of the offering to be determined at the time of pricing. ...
use the net proceeds of the offering for general corporate purposes, including cultivation and facility expansion, expanded outdoor growing, international expansion, enhanced extraction capacity, upgrades for GMP Certification and biosynthesis development.
BofA Merrill Lynch, Citigroup, Credit Suisse Securities (USA) LLC and RBC Capital Markets are acting as lead book-running managers for the offering. Jefferies LLC and Canaccord Genuity LLC are also acting as book-running managers.
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience