Glass House Group To Go Public Via $567M SPAC Deal, Become Largest California Cannabis Company

Special purpose acquisition company Mercer Park Brand Acquisition Corp. (NEO:BRND.A.U) (OTCQX: MRCQF) announced Thursday afternoon it will acquire vertically integrated California operator Glass House Group for $567 million.

The deal implies a $1.024-billion valuation and an approximate enterprise valuation of $691 million. Following the transaction, Glass House Group will be listed on the NEO Exchange under the “GLAS.U” ticker, becoming the largest California cannabis company to date.

The transaction expected to close in first half …

Full story available on Benzinga.com

More Glass House Group To Go Public Via $567M SPAC Deal, Become Largest California Cannabis Company