Canna-Global Acquisition priced its IPO of 20 million units at $10 each. Units list on the Nasdaq and begin trading today under CNGLU. Each consists of one share and one warrant. Once the securities begin separate trading, shares and warrants are expected to list under CNGL and CNGLW.
The SPAC intends to focus its search for a target business addressing a large market opportunity with a company that is driving its growth in the medicinal cannabis or cannabinoid industry, which is compliant with all applicable laws and regulations within the jurisdictions in which it is located or operates.
EF Hutton is sole book-running manager for the offering. Read more.
