This SPAC Is Buying 4 Companies to Build a Vertically Integrated Cannabis Network
Special purpose acquisition company (SPAC) Greenrose Acquisition (NASDAQ: GNRS) is looking to create a vertically integrated marijuana business by buying four different companies and merging them into a cultivation, distribution, and retail network.
It plans to operate in seven states where the businesses currently have a presence as it bets the Biden administration will relax laws that currently criminalize marijuana possession and use at the federal level.
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Source Fool.com
