exhibit991
Exhibit 99.1
FOR IMMEDIATE
RELEASE
Teucrium Trading, LLC May
Suspend Creations in WEAT
Burlington,
Vermont – March 7, 2022 -- Teucrium Wheat Fund (the
"Fund"), a series of the Teucrium Commodity Trust, offers it shares on a continuous basis and when
all registered shares have been sold, additional shares are
registered in subsequent registration statements with the
Securities and Exchange Commission ("SEC"). As of the opening of
the market on March 7, 2022, the Fund has only approximately
7,375,000 (the "Current Shares") registered with the SEC that are
available for purchase by its Authorized
Purchasers.
The Fund filed a
registration statement with the SEC on March 4, 2022 to register
additional shares. If the Fund sells all of the Current Shares
before the registration statement is declared effective, the Fund
will be required to temporarily suspend creation of its shares. In
such case, until the Fund's registration statement is declared
effective, the Fund may not meet its investment objective, may
experience increased tracking error and may experience significant
premium/discounts and bid-ask spreads.
During this time, the Fund will continue to
accept redemption requests as described in the Fund’s
prospectus, and investors will
continue to be able to buy and sell Fund shares on the stock
exchange through their broker-dealers. However, if demand for Fund
shares exceeds supply while creations are suspended, Fund shares
may trade at a premium to their net asset value (i.e., at prices
greater than net asset value).
Teucrium Trading LLC, the
Fund’s and Trust's sponsor, will provide notice to market
participants if and when the Fund suspends creation of its shares
and/or when the Fund's registration statement is effective, which
it expects to occur in the near future.
Cautionary
Note Regarding Forward-Looking Statements
This press release includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
about the Sponsor’s expectations regarding the potential
suspension of WEAT creations. Words such as
“anticipate,” “expect,”
“intend,” “plan,” “believe,”
“seek,” “may,” “will,” and
“estimate,” as well as similar words and phrases,
signify forward-looking statements. All forward-looking statements
reflect the Sponsor’s present expectations regarding future
events and are subject to known and unknown risks, uncertainties
and assumptions that could cause actual results to differ
materially from those expressed in or implied by these statements,
including, among others, risks and uncertainties related to the
timing and availability of WEAT shares and timing of effectiveness
of the new registration statement referenced herein, as well as
general economic, market and business conditions. Given these
risks, uncertainties and other important factors, you should not
place undue reliance on any forward-looking statements contained
herein. The forward-looking statements contained herein represent
the Sponsor’s expectations and assumptions only as of the
date made, and except as required by law, the Sponsor undertakes no
obligation to revise or update any forward-looking statements for
any reason.
About
Teucrium Trading LLC
Teucrium Trading is an ETF provider focused solely on U.S.
Agriculture. Our mission is to empower investors with the knowledge
and tools necessary to intelligently design well diversified
portfolios. Teucrium’s suite of Exchange Traded Products has
revolutionized the way commodity ETFs are structured; our products
are widely available to investors and advisors in traditional
brokerage accounts.
Prospectus:
www.teucrium.com
Contact:
Sal Gilbertie
Jake Hanley
802-540-0019
contact@teucrium.com