Glass House Group to go public via a SPAC merger with Mercer Park Brand Acquisition in a $567m deal.

Glass House Group, a vertically integrated cannabis and hemp company, agreed to go public via a SPAC merger with Mercer Park Brand Acquisition in a $567m deal. It is a condition of closing the business combination that the resulting company’s shares will be listed on the NEO Exchange (under the ticker symbol GLAS.U). Subject to the satisfaction of all required conditions, the transaction is expected to close in the first half of 2021. Additionally, TPCO Holding invested $50m in GH Group through a private placement offering. “When we formed Mercer Park BRND, we aimed to create a platform that could launch the first national cannabis brands in the United States. This took us to California with its ideal growing climate and community of talented and experienced growers, and ultimately to Glass House Group and this incredible portfolio of assets and talent. Glass House Group is poised to become the largest, vertically integrated brand-building platform in California, the world’s largest cannabis market," Jonathan Sandelman, BRND Chairman.