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