Brief: Greenrose Acquisition Corp To Acquire 4 Cannabis Companies

Greenrose Holding

15/03/2021 11:00

March 15 (Reuters) - Greenrose Acquisition Corp  GNRS.O : 
    * GREENROSE ACQUISITION CORP TO ACQUIRE 4 CANNABIS
COMPANIES,
CREATING VERTICALLY INTEGRATED AND CASH FLOW POSITIVE PLATFORM
POSITIONED FOR SIGNIFICANT GROWTH
    * GREENROSE ACQUISITION CORP - TOTAL INITIAL TRANSACTION
VALUE OF
$210 MILLION, MAXIMUM EARNOUT OF $110 MILLION
    * GREENROSE ACQUISITION CORP - INTENDS TO RAISE $150 MILLION
IN
PRIVATE PLACEMENT CONSISTING OF A MIXTURE OF COMMON STOCK AND
DEBT
    * GREENROSE ACQUISITION CORP - PRO FORMA 2021 REVENUE AND
ADJUSTED. EBITDA GUIDANCE OF $158 MILLION AND $56 MILLION,
RESPECTIVELY
    * GREENROSE ACQUISITION CORP - PRIOR TO CLOSING DEAL, CO
WILL BE
RENAMED THE GREENROSE HOLDING COMPANY INC & EXPECTED TO
TRANSITION LISTING TO OTCQX BEST MARKET
    * GREENROSE ACQUISITION CORP - TO ACQUIRE SHANGO HOLDINGS
INC,
FUTUREWORKS LLC, THERAPLANT LLC, TRUE HARVEST LLC

Source text: (https://bit.ly/2OzuqML)
Further company coverage:  GNRS.O 

 ((Reuters.Briefs@thomsonreuters.com;))