tct_424b3
Filed pursuant to
Rule 424(b)(3)
File No.
333-248546
File No.
333-248545
File No.
333-241569
File No.
333-230623
File No.
333-223943
TEUCRIUM
CORN FUND
TEUCRIUM
SUGAR FUND
Supplement dated
December 11, 2020
to
Prospectus dated
October 2, 2020
TEUCRIUM
SOYBEAN FUND
Supplement dated
December 11, 2020
to
Prospectus dated
August 24, 2020
TEUCRIUM
WHEAT FUND
TEUCRIUM
AGRICULTURAL FUND
Supplement dated
December 11, 2020
to
Prospectus dated
May 1, 2020
This supplement
updates the prospectuses of the Teucrium Corn Fund and the Teucrium
Sugar Fund, each dated October 2, 2020, the prospectus for the
Teucrium Soybean Fund dated August 24, 2020, and the prospectuses
of the Teucrium Wheat Fund and Teucrium Agricultural Fund, each
dated May 1, 2020, with the following information. It should be
read in its entirety and kept together with your prospectuses for
future reference. Capitalized terms and certain other terms used in
this supplement have the meanings assigned to them in the
applicable prospectus.
1.
Legal Matters. Each Fund has added the
following to its prospectus under the “Litigation and
Claims” sub-heading under the heading “Legal
Matters.”
On
November 24, 2020, the Sponsor was notified by Dale Riker, the
Sponsor’s former Chief Executive Officer, of his intent to
file several claims individually and derivatively on behalf of the
Sponsor.
On November 30, 2020, the Sponsor and certain of
its officers and members filed suit in the Court of Chancery of the
State of Delaware, in which, among other things, they bring several
claims including a request that the Delaware Court enforce its
pre-existing judgment. The case is
captioned Gilbertie v.
Riker, C.A. No. 2020-1018-AGB
(Del. Ch.).
On December 7, 2020, Dale Riker, individually and
derivatively on behalf of the Sponsor, filed suit in the Supreme
Court for the State of New York, New York County against the
Sponsor, the Sponsor’s officers and the Sponsor’s Class
A Members. The case is captioned Riker v.
Gilbertie, No. 656794-2020
(N.Y. Sup. Ct.).
The
Sponsor intends to pursue its claims in Delaware and defend
vigorously against Mr. Riker’s claims in New
York.