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Jay-Z's company set to produce 900K pounds of pot lfpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lfpress.com Daily Mail and Mail on Sunday newspapers.
Glass House Group. The Toronto-based special purpose acquisition company revealed its plans last month to purchase Glass House for $567 million, which will then be listed on the NEO Exchange under the GLAS.U ticker. The merger, scheduled to close in the first half of 2021, is expected to result in the largest California cannabis company to date. Mercer Park said Friday that the number of multiple voting shares in relation to the previously announced transaction would remain unchanged. However, they are to be re-allocated, increasing the proposed holdings of GH Group CEO Kyle D. Kazan from 1,704,586 to 2,025,244 multiple voting shares. Following the merger until the expiry of the three-year sunset period, Glass House Group founders – or holders of multiple voting shares – will be entitled to roughly 82% of the voting power of the outstanding voting shares of the company, with Kazan holding approximately 35% of the voting power. ....
Jay-Z s Marijuana Business to Produce 900,000 Lbs of Cannabis in New Deal VladTV 7,753 views • comments Jay-Z is gearing up to become an owner of California s largest cannabis producer after a series of multi-million-dollar transactions. Hov s The Parent Company which owns his Monogram cannabis brand made $67 million worth of transactions, including $50 million to acquire Mercer Park Brand Acquisition Corp., which is about to merge with Glass House Group in a deal worth $567 million. After the merger, The Parent Company will finalize a 10-year deal with Glass House, which will produce nearly 500,000 pounds of cannabis biomass. In addition, the two companies are finalizing a six-year, $25 million retail partnership agreement that will allow The Parent Company s products to be sold at all Glass House locations. ....
Vertically-integrated cannabis and hemp company Glass House Group confirmed Friday it has started a project to advance its 350,000 sq. ft. Padaro greenhouse. The Los Angeles-based company began the installation of a new glass roof system leveraging DYNAGLAS panels. The new roof will let in. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: ....
Glass House Group Commences Installation of State-of-the-Art, Sustainable Glass Roof Panel System at Padaro Cultivation Facility streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.