This morning Subversive Capital (NEO: SVC.A.U, OTCQX: SBVCF) provided investors a quick note showcasing their momentum ahead of the close of their upcoming qualifying transaction. With their recently upsized private placement, the company has closed at least $100M to execute on their growth strategy going forward.
They also discussed recently being added to the Pure US Cannabis ETF (NYSEArca: MSOS), and how post transaction they will be the largest vertically integrated cannabis company in California.
Last week the soon to be company saw proposed Chief Visionary Officer, Shawn “JAY-Z” Carter make an appearance on an OTC Markets investor conference. He discussed the brand strategy and marketing playbook which will see the company leverage unparalleled influencers to build the most valuable and scalable brand IP in US cannabis. They will also fund Social Equity Ventures to invest in minority-owned and Black-owned cannabis businesses, with the goal of contributing to the effort to rectify the wrongs of prohibition.
Sponsored · PTX Metals Inc.
The SPAC currently holds approximately $575 million cash-in-trust, which makes the current parent company one of the most well-capitalized cannabis companies in the United States assuming no redemptions. They expect to pursue an aggressive M&A strategy to accelerate growth, market share gains, and profitability.
Proposed Chairman of the company Michael Auerbach joined us on SmallCapSteve LIVE last week.
Subversive Captial shares most recently traded at $10.14 at the time of publishing on the NEO Exchange.
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