Mercer Park Brand Acquisition said today it will ask shareholders on May 5 to approve a deadline extension to July 30 from May 13 to complete its $567 million acquisition of Glass House Group, a cannabis business.
Glass House shareholders have agreed to roll over 100 percent of their combined equity into the merged enterprise.
Shares of the combined company will list on the NEO Exchange under GLAS.U. If approved by Mercer shareholders, the transaction is expected to close in the second quarter.
Glass House cannabis operations include cultivation and wholesale, and retail licenses. Read more.
