Greenrose Acquisition filed a definitive proxy statement relating to its proposed business combination with Connecticut-based Theraplant, and the acquisition of certain assets of Arizona-based True Harvest. A shareholder vote is set for Oct. 27.
Greenrose expects to proceed with its planned mergers with Shango Holdings and Futureworks at a later date due to the time required to obtain state regulatory approvals.
If each business combination transaction is approved, the parties anticipate that the deals will close Nov. 1.
Since the deals were announced in March, Greenrose voluntarily delisted from the Nasdaq to trade on OTCQX, twice extended its merger deadline and borrowed $450,000 from its sponsor. Read more.
