.
MergerLinks Header Logo

Announced

Completed

Shango, Futureworks, Theraplant, True Harvest went public via a merger with Greenrose Acquisition in a $210m deal.

Financials

Edit Data
Transaction Value£150m
Consideration TypeCash, Contingent Deferred Consideration, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Reverse Takeover

Diversified Industrials

Private Equity

Private

United States

Majority

cannabis operators

Single Bidder

Friendly

Domestic

De-SPAC

Completed

Merger

Synopsis

Edit

Four cannabis companies Shango, Futureworks, Theraplant and True Harvest, went public via a merger with Greenrose Acquisition, a SPAC, in a $210m deal. In addition, a maximum of $110m in earnouts could be paid out through 2024, consisting of $75m in stock and $35m in debt. “Today marks an important milestone for Greenrose. Becoming a public company provides us with an opportunity to accelerate both our organic and M&A expansion plans as we work to build a platform of cannabis assets around award-winning, high-quality flower. We are grateful to our shareholders and our team for continuing to support us as we reach this exciting moment," Mickey Harley, Greenrose CEO and Director.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US