The Cannabis team advised Mercer Park Brand Acquisition Corp. (NEO: BRND.A.U; OTCQX: MRCQF) on its definitive agreement to acquire Glass House Group and all related assets for total consideration of approximately US$567 million.
Mercer Park Brand Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) with the intent to focus on branded product businesses in cannabis and/or cannabis-adjacent industries.
Glass House is a vertically integrated, California-based cannabis company.
The resulting company’s shares will be listed on the NEO Exchange (under the ticker symbol GLAS.U). Subject to the satisfaction of all required conditions, the transaction is expected to close in the first half of 2021.
For more details, read the press release.