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SEC Qualifies True Leaf Offering for Equity Crowdfunding

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VERNON, British Columbia, Nov. 30, 2017 /PRNewswire/ — True Leaf Medicine International Ltd. (“True Leaf” or the “Company“) (CSE: MJ) (FSE: TLA) (OTCQB: TRLFF), announced today that it has received a notice of qualification from the Securities and Exchange Commission (“SEC“) of its Regulation A+ Tier 2 Offering Statement under Title IV of the JOBS Act to raise up to $10 million CAD in an offering that launches today. 

True Leaf’s Regulation A+ offering enables underwriters to solicit orders from the general public in addition to traditional accredited investors and institutional investors. The SEC qualified the Offering Statement on November 21, 2017. The Company is offering a maximum of 14,285,715 common shares at a price of $0.70 CAD per share, with a minimum subscription amount of $350 (or 500 shares) per investor.

In addition to traditional marketing methods used in public offerings, this offering is being marketed to online investors via invest.trueleaf.com.

Founded in 2013, True Leaf has applied to become a licensed producer of medicinal marijuana and has received Health Canada’s approval to build a production facility on a 40-acre site in Lumby, British Columbia, Canada. The facility is expected to have a production capacity of more than 2,500 kilograms of dried cannabis per year when phase one of the project is completed and approved by Health Canada.

Launched in 2015, True Leaf Pet, a subsidiary of True Leaf, developed the True Hemp™ brand and became one of the first hemp-based pet product lines to be marketed worldwide. True Hemp™ formulations combine the properties of hemp seed with other active ingredients that support multiple functions in a soft chew, stick, and oil supplement format. The Company has tripled its product line over the past nine months and has seen rapid growth in the United States, Canada, and Europe, with a seven-fold increase in sales for the first quarter of 2017 compared to the same quarter last fiscal year.

“We are excited about gaining SEC qualification for our Regulation A+ offering,” said True Leaf founder and Chief Executive Officer Darcy Bomford. “It has been a remarkable nine-month journey and now we’re able to extend a unique opportunity to own a piece of True Leaf to customers, supporters, and investors who share our values and enthusiasm for the potential of our products.”

For more information on investing in True Leaf, please visit invest.trueleaf.com.

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