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2 Min Read (Reuters) - Glass House Group, California’s largest pot producer, said on Thursday it would go public by merging with a blank-check firm backed by industry veteran Jonathan Sandelman, in a deal worth more than $1 billion. Undated handout image of Glass House marijuana products. Glass House/Handout via REUTERS The company’s merger with Sandelman’s Mercer Park Brand Acquisition Corp makes it the latest pot producer to list on Canada’s NEO exchange, a favorite destination for companies looking to raise funds for meeting untapped demand for marijuana from potential U.S. federal legalization. Under the deal, Glass House would acquire licenses of pot retailer Element 7 in California and buy a 5.5 million-square- foot greenhouse that would be converted to grow cannabis, helping it cement its position as the state’s biggest producer and retailer.

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