Glass House Group To Go Public Via $567M SPAC Deal, Become Largest California Cannabis Company

Special purpose acquisition company Mercer Park Brand Acquisition Corp. (NEO:BRND.A.U) (OTCQX:MRCQF) announced Thursday afternoon it will acquire vertically integrated California cannabis operator Glass House Group for $567 million. The deal implies a $1.024-billion equity valuation and an approximate enterprise valuation of $691 million. Following the transaction, Glass House Group will...