Maine Regulators Postpone Launch of State’s Adult-Use Cannabis Market Due to COVID-19 Pandemic

  • This includes all amounts raised under the existing, and now completed, US$400 million At-the-Market Offering program (ATM), initially announced in May 2019.
  • The company expects the consolidation to restore compliance with the NYSE’s continued listing standards, and to provide access to a broad universe of investors, access to equity capital and trading liquidity.
  • The consolidation will be effective on or about May 11, 2020 and on such date the company expects to begin trading on the New York Stock Exchange (the NYSE) and the Toronto Stock Exchange (the TSX) on a post-consolidation basis.
  • All registered shareholders with physical certificates will be required to send their certificates representing pre-consolidation common shares along with a completed letter of transmittal to the company’s transfer agent, Computershare Trust Company of Canada (Computershare), in accordance with the instructions provided in the letter of transmittal.

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