National cannabis company Trulieve Cannabis Corp. (“Trulieve” ‎or the “Company“) (CSE: TRUL) announced that it has filed a (final) short form base ‎shelf prospectus with the securities regulatory authorities in each of the provinces of ‎Canada, other than the Province of Quebec.‎

The shelf prospectus is valid for a 25-month period, during which time Trulieve and certain of its security holders may qualify the distribution by way ‎of prospectus in Canada of up to $250 million of subordinate voting shares, debt securities, ‎warrants, subscription receipts, units, or any combination thereof of the Company from time to time, separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the offering.  The specific terms of any future offering will be established in a prospectus supplement to the shelf prospectus, which supplement will be filed with the applicable Canadian securities regulatory authorities. Unless otherwise specified in the prospectus supplement relating to a particular offering of securities, the net proceeds from any sale of any securities may be used by Trulieve for general corporate purposes, including funding ongoing operations and/or working capital requirements, to repay ‎indebtedness outstanding from time to time, for capital projects and potential future acquisitions. The Company will ‎not receive any proceeds from any sale of any Securities by the selling securityholders.

SOURCE Trulieve Cannabis Corp.