Glass House Debuts on the NEO Exchange


Mercer Park Completes Qualifying Transaction TORONTO–(BUSINESS WIRE)–$GLASAU #GlassHouseBrands—NEO is excited to welcome California-based Glass House Brands Inc. (“Glass House”), following its public markets debut yesterday on the NEO Exchange, with a market capitalization in excess of US$275,000,000. Glass House is available for trading under the symbol GLAS.A.U. A fully integrated cannabis brand-building business, Glass House is the qualifying transaction of Mercer Park Brand Acquisition Corp. (“Mercer Park”), a Special Purpose Acquisition Company (“SPAC”) focused on the cannabis sector. Backed by finance and banking industry veteran Jonathan Sandelman, Mercer Park completed its initial public offering and began trading on the NEO Exchange on May 13, 2019. “When we formed Mercer Park Brand Acquisition Corp, we aimed to create a platform that could launch the first national cannabis brands in the United States,” said Mercer Park Chairman Jonathan Sandelman. “This took us to California, with its ideal growing climate and community of talented and experienced growers, where we ultimately chose to partner with Glass House Group and this incredible portfolio of assets and talent. It also took us to the NEO Exchange as the ideal platform to fund our vision. NEO’s flexibility, support, and experience with SPACs has played an important role in financing the emerging cannabis sector.” With a strong retail and wholesale network in California – the world’s largest cannabis market – Glass House strives to deliver outstanding craft cannabis products, produced sustainably, for the benefit of all. “Today marks a significant turning point for our business,” said Kyle Kazan, Glass House Chairman and CEO. “With one of the most enviable retail and cultivation footprints in California, we are well positioned to execute on the significant opportunities ahead while delivering strong value for our shareholders.” “The Glass House listing is yet another testament to the power of SPACs as a…

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Source : Glass House Debuts on the NEO Exchange

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