On June 29, GH Group, Inc., one of the fastest-growing, vertically integrated cannabis and hemp companies in the U.S., completed its business combination with Mercer Park Brand Acquisition Corp., a special purpose acquisition company (SPAC), to create Glass House Brands Inc. The subordinate, restricted and limited voting shares and warrants of Glass House are approved for listing on the NEO Exchange under the symbols GLAS.A.U and GLAS.WT.U, respectively, and have commenced trading on July 5.
Glass House is the largest, vertically integrated brand-building platform in California, the world’s largest cannabis market. The company’s greenhouse has the largest cultivation capacity of any cannabis operator in the U.S. Its retail footprint is expected to reach 23 operational dispensaries by H1 2022, more than double the next largest retail operator.
Venable LLP acted as U.S. counsel to GH Group and Glass House with a deal team comprising
Scott Thompson (tax),
Jeff Ostrager (corporate and M&A),
Alen Aguilar (real estate).
Stikeman Elliott LLP acted as Canadian counsel to Mercer Park.
Hodgson Russ LLP acted as U.S. counsel to Mercer Park with a deal team composed of
George Eydt (securities and M&A).