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Santa Barbara-based cannabis company going public, says its creating 1,000 more local jobs SANTA BARBARA, Calif. The Farmacy was the first cannabis store in Santa Barbara when it opened August 24, 2019. The parent company for The Farmacy is Glass House Group. Last week, Glass House Group merged with the special acquisition company (SPAC) Mercer Park Brand Acquisition Corp. The deal will allow Glass House Group to be traded on the Canadian stock market, the NEO Exchange. Companies often merge with SPACs in what’s referred to as a reverse acquisition. The SPAC acquires the company, then the company takes over the business. These deals happen to allow a company to forego initial public offerings and go public more easily. ....
Santa Barbara-based cannabis company going public, says its creating 1,000 more local jobs SANTA BARBARA, Calif. The Farmacy was the first cannabis store in Santa Barbara when it opened August 24, 2019. The parent company for The Farmacy is Glass House Group. Last week, Glass House Group merged with the special acquisition company (SPAC) Mercer Park Brand Acquisition Corp. The deal will allow Glass House Group to be traded on the Canadian stock market, the NEO Exchange. Companies often merge with SPACs in what’s referred to as a reverse acquisition. The SPAC acquires the company, then the company takes over the business. These deals happen to allow a company to forego initial public offerings and go public more easily. ....
Jay-Z’s Handrolled Joints Shawn “JAY-Z” Carter’s MONOGRAM launched THE OG HANDROLL, a product that takes inspiration from the smoke experience of a premium cigar while implementing a proprietary rolling technique that allows the flower to burn slowly and evenly for multiple sessions. Highly trained artisan rollers break the flower down by hand and roll the joints using a time-honored process that was specially architected by MONOGRAM culture and cultivation ambassador DeAndre Watson. A true work of art and craftsmanship that cannot be automated, the roll itself burns clean and clear every time. No.01 Heavy is a cerebral strain to help chill, focus and confidently tackle obstacles in your path. ....
Special purpose acquisition company Glass House Group for $567 million. The deal implies a $1.024-billion equity valuation and an approximate enterprise valuation of $691 million. Curaleaf Holdings, Inc. (CSE:CURA) (OTCQX:CURLF) purchased European operator EMMAC Life Sciences. The U.S.-based company agreed to pay $50 million in cash and 17.5 million in stock worth roughly $260 million. In addition, Curaleaf teamed up with an institutional investor to secure $130 million in financing for further expansion of Curaleaf International. Meanwhile, Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced it will buy The Supreme Cannabis Company, Inc. (TSX:FIRE) (OTCQX:SPRWF) for about CA$435 million ($345.7 million). ....