Shawn “Jay-Z” Carter’s cannabis brand is now public.
The Parent Company (OTCQX:GRAMF, NEO: GRAM.U)) a vertically integrated cannabis operator focused on the California market, completed its merger with Subversive Capital Acquisition Corp. (formerly traded on OTCQX under the symbol of SBVCF) in mid-January. The $1.2 billion deal is the largest cannabis deal ever involving a Special Purpose Acquisition Company, and makes The Parent Company the largest vertically integrated operator in the state.
The Parent Company is the product of the combination between cannabis brand Caliva (which launched the hip hop mogul’s high-end cannabis line MONOGRAM in December), extraction and manufacturer Left Coast Ventures, and Shawn Carter Enterprises.