Is a REIT or SPAC right for your cannabis business?

Main Street needs to understand what Wall Street is actually talking about.

So today, I’ll explain two terms often in the cannabis news: REIT and SPAC.

British Columbia considering recreational cannabis consumption spaces

The government of British Columbia is considering allowing recreational cannabis consumption spaces and has launched a public consultation on the topic.

Cannabis platform Leafly closes merger with SPAC, goes public on Nasdaq

Cannabis commerce platform Leafly Holdings started trading Monday on the public stock markets after completing its previously announced merger with special purpose acquisition company Merida Merger Corp. I.

Despite loss of SPAC sparkle, cannabis investors still looking at investment targets

During the pandemic, interest in special purpose acquisition companies (SPAC) soared, as private cannabis-related businesses looked to these blank-check companies for quicker, easier access to public markets and the funding that comes with it.

But two years later, the sparkle seems to be dimming.

Marijuana website Leafly, SPAC partner raise $30M; merger vote delayed

Online marijuana platform Leafly Holdings said it secured $30 million in new funding in relation to its pending merger with special purpose acquisition company (SPAC) Merida Capital Holdings.

SPAC raises $200 million to target cannabis-related companies

A California-based special purpose acquisition company (SPAC) raised $200 million in an initial public offering to target companies involved in the growing medical cannabis or cannabinoid industry.

Springbig to go public on Nasdaq via marijuana SPAC transaction

Marijuana industry marketing and loyalty company Springbig plans to go public by way of a merger with Tuatara Capital Acquisition, a special purpose acquisition corporation (SPAC).

Marijuana SPAC Achari Ventures goes public in $100 million IPO

Achari Ventures Holdings Corp. I, a special purpose acquisition company (SPAC) formed to acquire non-plant-touching marijuana companies, went public on the Nasdaq Global Market.

SPAC, Beau Wrigley’s Parallel scrap $1.9 billion marijuana deal to take firm public

Chewing gum heir William “Beau” Wrigley Jr.’s marijuana multistate company Parallel and music mogul “Scooter” Braun’s Ceres Acquisition Corp. mutually called off their $1.9 billion blockbuster merger, gumming up Wrigley’s plans to take his MSO public.

SPAC strategy includes vertical integration and high-end indoor flower cultivation

Greenrose Acquisition Corp.’s investment strategy hinges on cultivation.

As a special purpose acquisition company, or SPAC, Greenrose completed an initial public offering of 15 million shares in February 2020 with plans to use the $150 million in gross proceeds to acquire cannabis companies.