Cannabis SPAC Greenrose Acquisition exercised its option to extend the time available to complete business combinations to Nov. 13 and deposited $569,250 into the trust account as a condition of the extension.
The SPAC is engaged in four pending acquisitions of cannabis companies. A shareholder vote is set for Oct. 27 on whether to merge with Connecticut-based Theraplant, and certain assets of Arizona-based True Harvest.
Greenrose said last week it expects to proceed with the acquisitions of Shango Holdings and Futureworks at a later date due to the time required to obtain state regulatory approvals. Read more.
