Cannabis company Green Thumb Industries Inc.
said Tuesday it has raised about $56 million in capital belling 1.6 million subordinate voting shares priced at $35.50 a share. The stock closed Monday at $35.35. The deal comes after a previous share sale that closed on Feb. 9 and raised $100 million."The strength of investor demand suggests growing confidence within the U.S. capital markets for cannabis," said Green Thumb Founder and Chief Executive Officer Ben Kovler. Cannabis stocks have been rallying on hopes for reforms of U.S.
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