TPCO Holding, formerly Subversive Capital Acquisition, today announced the completion of its acquisition of CMG Partners (Caliva), and Left Coast Ventures with entrepreneur and MONOGRAM founder, Shawn “JAY-Z” Carter and entertainment company Roc Nation.
Common Shares and Warrants now trade on the NEO Exchange under GRAM.U and GRAM.WT.U, respectively, and remain trading on the OTCQX under the symbols SBVCF and SBVQF. Beginning Jan. 19 the OTCQX symbol SBVCF will change to GRAMF.
Shawn “JAY-Z” Carter, the parent company’s chief visionary officer, said, “This is an incredible time for this industry. The end of cannabis prohibition is here, and The Parent Company will lead the charge to a more expansive and inclusive cannabis industry. We are paving a path forward for a legacy rooted in dignity, justice, care, and consistency. The brands we build will redefine growth, social impact, and social equity. This is our time. I’m proud and excited to lead the vision of the parent company.”
The SPAC announced earlier this week that after processing the notices of redemption received prior to the redemption deadline the company will have $381 million to execute on its growth strategy. Read more.
