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Cannabis-focused SPAC Greenrose to delist from Nasdaq

Cannabis-focused blank-check company Greenrose Acquisition Corp. has announced it plans on delisting its shares from the Nasdaq later this month, in anticipation of closing deals that would qualify it as a plant-touching business in violation of the exchange’s rules.

The New York-based special purpose acquisition company, or SPAC, said in Thursday’s announcement that it has filed notice of its planned delisting with the Nasdaq and the U. S. Securities and Exchange Commission.

The company said its delisting will be effective prior to market opening on June 21. “As previously announced, Greenrose expects to simultaneously list on the OTCQX Best Market, with its…

To Read The Rest Of This Article By Staff on Law360

Published: June 14, 2021

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