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Cannabis Movers & Shakers: Columbia Care, Affinor Growers, Open Book Extracts, Trait Biosciences, WM Technology, CBD Health Club, MedMen, TGOD, Cann American

Cannabis Movers & Shakers: Columbia Care, Affinor Growers, Open Book Extracts, Trait Biosciences, WM Technology, CBD Health Club, MedMen, TGOD, Cann American
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Investors poured $3 billion into cannabis SPACs, deadlines loom


SPACs have a limited timeframe, typically around 18-24 months, to put investors money to work by closing deals. The clock is ticking on many of these cannabis SPACs, according to data provided to Business Insider by Viridian Capital Advisors, a cannabis-focused advisory firm. 
So far, four out of 17 cannabis-focused SPACs have successfully de-SPACed, or found merger targets. That still leaves over $1.5 billion sitting on the sidelines, waiting to be invested. 
If SPACs are unable to close deals, the money gets returned to investors and
SPAC
sponsors can lose a significant chunk of their investment, said Ari Edelman, a partner at the law firm Reed Smith who focuses on SPACs. ....

United States , Chris Beals , Scott Greiper , Reed Smith , Marc Hauser , Subversive Capital Acquisition Corp , Silver Spike Acquisition Corp , Business Insider , Viridian Capital Advisors , Mari Edelman , President Scott Greiper , Silver Spike Capital , Capital Acquisition Corp , Left Coast Ventures , Subversive Capital , ஒன்றுபட்டது மாநிலங்களில் , கிறிஸ் பீல்ஸ் , நாணல் ஸ்மித் , மார்க் ஹாஸர் , வெள்ளி ஸ்பைக் கையகப்படுத்தல் கார்ப் , வணிக உள் , அரி எடெல்மேன் , வெள்ளி ஸ்பைக் மூலதனம் , மூலதனம் கையகப்படுத்தல் கார்ப் , இடது கடற்கரை முயற்சிகள் ,