Jay-Z joins cannabis SPAC deal
November 25, 2020- Share:
Rapper Jay-Z will serve as chief visionary officer of TPCO Holding, a new organization that will be formed after blank-check company Subversive Capital acquires cannabis companies Caliva and Left Coast Ventures. The deal includes a $36.5 million private placement from investors including Fireman Capital Partners and Tuatara Capital, as well as artists Rihanna, Yo Gotti and Meek Mill. Caliva and Left Coast Ventures anticipate $185 million in combined pro forma revenue this year.
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