Adam JacksonNovember 21, 2024
Arogo also initiated its own claim that the deal had been terminated, demanding the same $250,000 fee.
Tag: SPAC
Adam JacksonNovember 21, 2024
Debra BorchardtJuly 23, 2024
The company is led by former GW Pharmaceutical executives and is valued at $58 million.
Debra BorchardtAugust 15, 2023
Filament Health Corp. (OTCQB: FLHLF) (NEO: FH) released its second-quarter financial results for the period ending June 30, 2023, for the second time. The original first quarter results were filed on May 12, 2023, but this version was revised and refiled. Filament said that there were changes in the accounting treatment for the acquisition of […]
Adam JacksonJuly 19, 2023
Benjamin Lightburn will remain in his role as CEO.
Debra BorchardtJune 22, 2023
Violations extend back to "at least" 2020.
Debra BorchardtSeptember 29, 2022
Safe Harbor Financial, technically known as SHF Holdings, Inc. (Nasdaq: SHFS) has completed its special purpose acquisition corporation (SPAC) deal with Northern Lights Acquisition Corp. (Nasdaq: NLIT). Northern Lights is now officially known as SHF Holdings and the stock will continue to trade on the Nasdaq marketplace. SHFS Shares began trading at $9, down 12% […]
Adam JacksonAugust 22, 2022
The Greenrose Holding Company Inc. (OTC: GNRS, GNRSW) posted increasing losses for the consecutive quarter as its cultivators navigate demand headwinds. The multi-state cannabis SPAC (special purpose acquisition company) reported its second-quarter financials ending June 30, 2022. While Greenrose reported approximately $9.2 million in rising revenue during the period, the company’s second-quarter net losses totaled […]
StaffJuly 25, 2022
Former Cresco Labs co-founder Joseph Caltabiano (OTC: CRLBF) has decided to close his SPAC (special purpose acquisition corp.) Choice Consolidation Corp. (NEO: CDXX.UN.U) (OTCQX: CDXXF) and return the investor’s money. It had raised $172.5 million. The SPAC’s original plan was to target strategically important limited license states, and the company was looking to acquire single-state […]
Debra BorchardtJuly 15, 2022
The SEC has charged cannabis investor Stable Road Capital and its SPAC Stable Road Acquisition Corp. (OTC: SRACU) which became the stock Momentus (NASDAQ: MNTS) for misleading investors. That news caused an investor lawsuit to have the green light to move forward according to a report by Law360. Stable Road is well known in cannabis […]
Debra BorchardtJuly 1, 2022SPACs (Special Purpose Acquisition Corp.) were the hottest thing going on in the cannabis industry for the past couple of years, but the buzz may be wearing off. These SPACs would raise millions and then search for a “qualifying transaction.” In other words, the money was looking for a company to essentially buy and take […]
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