Automatic Securities Disposition Plan (ASDP)
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Trulieve Announces Executive Automatic Securities Disposition Plan
Prnewswire· 2026-03-17 21:59
Core Viewpoint - Trulieve Cannabis Corp. has announced the establishment of an Automatic Securities Disposition Plan (ASDP) for its CEO, Kim Rivers, allowing for the sale of up to 2.5 million Subordinate Voting Shares starting June 17, 2026, to mitigate potential impacts on share price [1][2]. Group 1: ASDP Details - The ASDP will enable the sale of shares at prevailing market prices with specific daily volume limits [1]. - The plan is designed to comply with U.S. and Canadian securities laws, allowing trades based on pre-arranged instructions when executives do not possess material undisclosed information [2]. - An independent securities broker will execute the sales under the ASDP, with restrictions preventing the broker from consulting with Ms. Rivers regarding the sales [3]. Group 2: Reporting and Compliance - Dispositions made under the ASDP will be reported in accordance with applicable securities laws, with notations indicating the transactions are related to the ASDP [4]. - The announcement follows recommended practices set forth by Canadian Securities Administrators and will be available on the Company's SEDAR profile [5]. Group 3: Company Overview - Trulieve is a leading vertically integrated cannabis company in the U.S., with significant market positions in Arizona, Florida, and Pennsylvania [8]. - The company is focused on accelerated growth and expansion through a hub strategy, providing innovative, high-quality products to enhance customer experiences [8].
Curaleaf Announces Executive Automatic Securities Disposition Plan
Prnewswire· 2025-10-01 20:30
Core Points - Curaleaf Holdings, Inc. announced the establishment of an automatic securities disposition plan (ASDP) by Executive Vice Chairman Joseph F. Lusardi, effective September 30, 2025, to facilitate the orderly exercise of options expiring in March 2026 and the sale of subordinate voting shares to cover anticipated taxes [1][2][3] Group 1: ASDP Details - The ASDP allows for trades to be made under pre-arranged instructions when executives do not possess material undisclosed information, ensuring compliance with United States and Canadian securities laws [2][3] - Sales of subordinate voting shares will be conducted by an independent broker following the ASDP's trading parameters, and it is possible that not all shares will be sold during the ASDP term [3] - The ASDP prohibits Mr. Lusardi from influencing the sales and requires that all transactions be reported in accordance with applicable securities laws, with notations indicating they are related to the ASDP [4][5] Group 2: Company Overview - Curaleaf is a leading international provider of consumer cannabis products, focusing on enhancing lives through the power of cannabis, with a strong presence across the supply chain [6] - The company operates under various brands, including Curaleaf, Select, Grassroots, Find, Anthem, and The Hemp Company, and is recognized for quality and reliability in the cannabis industry [6]