RCP23 Sells 1,666,667 Subordinate Voting Shares of Green Thumb Industries Inc.
Rhea-AI Summary
On June 10, 2021, RCP23, LLC, led by Benjamin Kovler, sold 1,666,667 Subordinate Voting Shares of Green Thumb Industries (GTBIF) at $30.00 each to a qualified institutional buyer. This transaction facilitates the introduction of a new institutional shareholder aligned with the company's long-term goals. Kovler noted that this sale follows a historical trend of RCP23 selling shares on behalf of early investors prior to Green Thumb's public listing.
Positive
- Introduction of a new institutional shareholder aligned with management's long-term vision.
Negative
- None.
News Market Reaction – GTBIF
In the trading session that priced this news, GTBIF gained 1.54%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHICAGO, June 11, 2021 (GLOBE NEWSWIRE) -- On June 10, 2021, RCP23, LLC (the “Seller”), a private investment holding company controlled by Benjamin Kovler, CEO and Chairman of Green Thumb Industries Inc. (the “Issuer”) (CSE: GTII) (OTCQX: GTBIF), sold 1,666,667 Subordinate Voting Shares of the Issuer (the “Transferred Shares”) to a third-party qualified institutional buyer at a purchase price of US
“This transaction brings Green Thumb a new institutional shareholder who is aligned with management's long-term vision,” said Manager of RCP23 Benjamin Kovler. “RCP23 has historically sold shares on behalf of our legacy shareholders who invested prior to Green Thumb going public.”
For further information, please contact Investor Relations, Green Thumb Industries Inc., InvestorRelations@GTIgrows.com, Phone: 310-622-8257.