Glass House Sets Closing Date For SPAC Transaction
Mercer Park Brand Acquisition Corp (NEO: BRND.A.U) is finally set to close on its target. The SPAC this morning announced that the conditions have been met with GH Group, enabling the two firms to proceed with the proposed transaction.
The transaction will see Glass House Group go public via the use of the SPAC, with the firm targeting a future 6.0 million square feet of cultivation within the state of California. The company at the same time is targeting significant retail expansion in the state, with Glass House aiming to have 21 operational dispensaries by the first quarter of 2022, which would make them the largest retailer within California.
The transaction is now pegged to close on June 29, with closing conditions now having been met.
Mercer Park Brand Acquisition Corp last traded at $9.75 on the Neo.
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