| Item 7.01. | Regulation FD Disclosure. |
On May 10, 2021, Trulieve Cannabis Corp. Inc., a British Columbia corporation (“Trulieve”), and Harvest Health & Recreation Inc., a British Columbia corporation (“Harvest”), announced the execution of an Arrangement Agreement (the “Arrangement Agreement”), by and between Trulieve and Harvest. Furnished as Exhibit 99.1 hereto and incorporated into this Item 7.01 by reference is an investor presentation that Trulieve and Harvest issued in connection with the transaction.
The information in this Item 7.01, including Exhibit 99.1, is being furnished pursuant to Item 7.01 and will not be deemed to be filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise be subject to the liabilities of that section, nor will it be deemed to be incorporated by reference in any filing under the Securities Act or the Exchange Act.
On May 10, 2021, Trulieve and Harvest issued a joint press release announcing the execution of an Arrangement Agreement, by and between Trulieve and Harvest.
A copy of the press release is furnished as Exhibit 99.2 hereto and is incorporated herein by reference.
Additional Information and Where to Find It
In connection with the proposed transaction, Harvest will file a management information circular and proxy statement on Schedule 14A containing important information about the proposed transaction and related matters. Additionally, Trulieve and Harvest will file other relevant materials in connection with the proposed transaction with applicable securities regulatory authorities. Investors and security holders of Harvest are urged to carefully read the entire management information circular and proxy statement (including any amendments or supplements to such documents) when such document becomes available before making any voting decision with respect to the proposed transaction because they will contain important information about the proposed transaction and the parties to the transaction. The Harvest management information circular and proxy statement will be mailed to Harvest shareholders, as well as be accessible on the EDGAR and SEDAR profile of Harvest.
Investors and security holders of Trulieve will be able to obtain a free copy of relevant filings containing information about Trulieve and the proposed transaction at the SEC’s website (www.sec.gov) or from Trulieve by going to Trulieve’s Investor Relations page on its website at https://investors.trulieve.com/financial-information/sec-filings.
Notice Regarding Forward-Looking Statements
The news release includes forward-looking information and statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to each party’s expectations or forecasts of business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs and include statements regarding Trulieve and Harvest’s expected financial performance for fiscal 2021, the combined operations and prospects of Trulieve and Harvest, the current and projected market and growth opportunities for the combined company, and the timing and completion of the Transaction, including all the required conditions thereto. Words such as “expects”, “continue”, “will”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on Trulieve and Harvest’s current projections and expectations about future events and financial trends that they believe might affect their financial condition, results of operations, prospects, business strategy and financial needs, and on certain assumptions and analysis made by each party in light of the experience and perception of historical trends, current conditions and expected future developments and other factors each party believes are appropriate. Forward looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements to be materially different from future events, results, performance, and achievements expressed or implied by forward looking information and statements herein, including, without limitation, the risks discussed under the heading “Risk Factors” in Trulieve and Harvest’s Annual Reports on Form 10-K for the year ended December 31, 2020 filed with
2
