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Cannabis Pros Sound Off On 420: Enough With The Commercialism!
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This Recent Cannabis SPAC Is Looking to Make Acquisitions in These 5 Key States – New Cannabis Ventures
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It seems like everybody who s anybody is hatching a SPAC these days, and for good reason. They could get very rich very fast.
Veteran CEOs, renowned dealmakers and even celebrities have convinced public investors to give them hundreds of millions of dollars to buy businesses through special-purpose acquisition companies.
Among the Chicago business luminaries announcing or completing SPAC deals in the past several weeks are former Walgreens CEO Greg Wasson, tech CEO and investor Sam Yagan and marijuana mogul Joe Caltabiano. They join billionaire real estate investor Sam Zell, Chicago Cubs Chairman Tom Ricketts and former Boeing CEO Dennis Muilenburg.
Mar 10, 2021 at 7:34AM
Special purchase acquisition companies (SPACs) are some of the hottest buys of 2021. However, they also make for some ultra-risky investments, as investors don t have financial statements to look at to do the kind of analysis that they might normally do when picking a stock. Investors are essentially banking on the potential that a SPAC hits it big with an acquisition or merger.
One of the most popular SPACs this year has been
Churchill Capital Corp IV, which has soared 133% year-to-date (the
S&P 500 is up just 5%). It also recently announced a merger with electric vehicle maker Lucid Motors. Churchill has been around for a bit, though. If you re looking for what could be the next big SPAC, there s one in the cannabis industry that should be on your radar today:
Cannabis-Focused SPAC Choice Consolidation Goes Public On NEO, Raises $150M
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