The Parent Company explains decision to terminate $50M investment in cannabis grower Glass House
TPCO Holding Co – known as The Parent Company – (NEO:GRAM) (OTCQX:GRAMF) CEO Steve Allan explains to Proactive why its $50 million strategic investment in GH Group, Inc (Glass House), through a private placement offering by Mercer Park Brand Acquisition Corp, has been terminated.
Allan says the agreement was predicated on coming to terms on commercial agreements concurrent with GH Group completing its qualifying transaction. He says he doesn’t see it as a ‘make or break’ scenario, rather he sees it as a ‘delayed opportunity.’
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/954752/the-parent-company-explains-decision-to-terminate-50m-investment-in-cannabis-grower-glass-house-954752.html
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