The Parent Company ). SCAC also entered into agreements with global icon, entrepreneur and MONOGRAM founder,
Shawn
Roc Nation. The Transaction will constitute SCAC s qualifying transaction.
Michael Auerbach, SCAC s Chairman, said, The Private Placement reflects investor confidence in The Parent Company. Current investors in Caliva, LCV, and Subversive LPs doubled down on their support and we are also honored to have artists like Rihanna, Meek Mill, Yo Gotti, and DJ Khaled supporting The Parent Company with their investments. We have the unique opportunity to consolidate the California market, the largest cannabis economy in the world today. The Parent Company s vertical operational platform has been designed to support industry-leading brands and future mergers and acquisitions, making The Parent Company positioned to redefine the cannabis industry globally.
Subversive Capital Acquisition Corp. (OTCQX: SBVCF; NEO: SVC.A.U, SVC.WT.U)
(
SCAC )
, who recently launched the largest cannabis special purpose acquisition company (SPAC) in history and entered into definitive transaction agreements with Shawn JAY-Z Carter, Roc Nation, CMG Partners Inc. ( Caliva ), and Left Coast Ventures to form TPCO Holding Corp (
The Parent Company) (the
Transaction), will present live at VirtualInvestorConferences.com today, January 7
th at 3:00 p.m. ET. Shawn JAY-Z Carter, Chief Visionary Officer of The Parent Company, will present and be joined by Michael Auerbach, Founder and Chairman of SCAC, Leland Hensch, CEO of SCAC, Steve Allan, CEO of The Parent Company, Brett Cummings, CFO of The Parent Company and President of Left Coast Ventures, and Dennis O Malley, COO of The Parent Company and President of Caliva. The management team will also be available for Q&A following the presentation.
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NEW YORK and TORONTO, Jan. 6, 2021 /PRNewswire/ Subversive Capital Acquisition Corp. (NEO: SVC.A.U, SVC.WT.U;OTCQX: SBVCF) ( SCAC ), a special purpose acquisition company, today issued an open letter from its Chairman, Michael Auerbach, highlighting the key strategic attributes that will enable it to assume a clear leadership position in California s cannabis market while driving outperformance for shareholders.
Subversive Capital Acquisition Corp. (PRNewsfoto/Subversive Capital Acquisition Corp.)
The letter follows SCAC s November 2020 entry into definitive transaction agreements with global icon, entrepreneur and MONOGRAM founder, Shawn JAY-Z Carter, entertainment powerhouse Roc Nation; CMG Partners Inc. ( Caliva ), California s most trusted cannabis brand and leading direct-to-consumer platform; and Left Coast Ventures, Inc. ( Left Coast Ventures ), a predominant cannabis and hemp company with low-cost manufacturing and a diversified
[December 31, 2020]
Caliva Ends 2020 in Record-Breaking Fashion with Industry-Changing Announcements
Caliva, the largest vertically integrated, omnichannel cannabis company in California, closes 2020 with a myriad of exciting milestones and the momentum to build on in 2021. Successful new brand and product launches, retail delivery expansion, social justice efforts and strategic growth partnerships ensure that consumers will have even more to look forward to from this cannabis powerhouse in the coming year.
In a year as unprecedented as 2020, Caliva CEO Dennis O Malley concedes,
we were thrilled to build on Caliva s success by growing our consumer reach, expanding our social equity work, and bringing new innovation to the world of cannabis. With all that the Caliva team has accomplished in 2020, we re looking forward to continuing our momentum into 2021.
By Victor Omondi
Shawn Carter, popularly known as “Jay-Z” has joined the budding list of celebs who’ve joined the pot business. On Thursday, the ‘Empire State of Mind’ singer launched his premium cannabis brand christened Monogram, making the move in partnership with the Cannabis company Caliva.
The billionaire singer and business kingpin adds the brand to a bucket of his successful establishments that include the entertainment firm Roc Nation, the streaming service Tidal, and the alcoholic brand D’Usse cognac.
In a statement to the media, the musician said, “Cannabis has been around for thousands of years, yet it is still an industry whose legacy of skilled craftsmanship is often overlooked,” adding, “I created Monogram to give cannabis the respect it deserves by showcasing the tremendous hard work, time and care that go into crafting a superior smoke. Monogram products are next level when it comes to quality and consistency and we’re just getting started.”