Will these updates push Curaleaf Holdings, Inc. (CSE: CURA) higher?

Recent highlights

Curaleaf Holdings, Inc. (CSE: CURA) is a leading U.S. provider of consumer products in ‎cannabis. It opened trading at the price of $14.50 Over the counter and closed 8.28% higher ‎than the previous close at $14.35. The stock has a market capitalization of 7,540,641,962. Its ‎volume during the last trading session was 2,878,287 in contrast with the 30-days volume of ‎‎1,094,592.‎

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Key developments

On January 6, 2021, CURAannounced that it is commencing an overnight marketed offering ‎of subordinate voting shares of the Company.‎

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Under the prospectus supplement to the Company’s existing base shelf prospectus dated ‎November 2, 2020, the Offered Securities will be offered in all provinces other than Québec.‎

To qualified institutional buyers on a private placement basis in the United States under an ‎exemption from the registration requirements of the United States Securities Act of 1933, as ‎amended. It is expected that the prospectus supplement will be filed on January 8, 2020.‎

Market conditions will determine the Offering’s final terms, which will be determined when ‎pricing is determined. No assurance can be given as to whether or when the Offering will be ‎completed or as to its actual size or terms. The Canadian Securities Exchange will be ‎required to approve the Offering, in addition to the market and other conditions.‎
the company also intends to grant the underwriters the right to purchase an additional 15% ‎of the Offered Securities under the proposed Offering.‎

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The Offering’s net proceeds are intended to be used for general corporate purposes and to ‎finance working capital. Canaccord Genuity is the sole underwriter of the Offering.‎

Furthermore, it is reported that the results of Georgia’s key Senate runoffs on Tuesday are ‎expected to have significant ramifications on cannabis reform on a federal level.‎

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