Trulieve Cannabis (TRLV) Chair and Chief Executive Kim Rivers has informed the broker dealer administering her automatic securities disposition plan of her plan to terminate the plan during the company's next open trading window on Aug. 11, the company said late Friday.
The plan provided for the orderly sale of 2.5 million shares in two tranches, the company said.
The first tranche of share sales, totaling 1.7 million subordinate voting shares, began on June 17 and was completed as of Friday, while the second tranche was originally planned to start Sept. 15, the company said.
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