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Benzinga
Benzinga
Business
Natan Ponieman

Lockup Period For 35% Of The Parent Company Shares Extended Until 2023 By Company Insiders

TPCO Holding Corp. (NEO: GRAM.U) (OTCQX:GRAMF), also known as The Parent Company, announced that company insiders have voluntarily extended their lockup agreements for approximately 35% of the company's common shares, which would have ended on Friday.

Lockup agreements are set after an IPO and prohibit company insiders, like employees, their friends and family and large shareholders from selling their shares for a set period of time after the company goes public.

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