The letter released today follows the SPAC’s November entry into definitive transaction agreements with global icon, entrepreneur and MONOGRAM founder, Shawn “JAY-Z” Carter, entertainment company Roc Nation; CMG Partners (“Caliva”), a direct-to-consumer platform; and Left Coast Ventures, a cannabis and hemp company with low-cost manufacturing and a diversified portfolio of brands, to form TPCO Holding.
Subversive said it has received private placement commitments of $36.5 million conditional on completion of the transaction.
The SPAC anticipates that the transactions constituting the parent company will close Jan. 15. Read more.
