Glass House debuts on the NEO Exchange


TORONTO – (COMMERCIAL THREAD) – NEO is delighted to welcome California-based Glass House Brands Inc. (“Glass House”), after its public market debut yesterday on the NEO Exchange, with a market cap of over $ 275,000,000. Glass House is available for trading under the symbol GLAS.AU

A fully integrated cannabis branding company, Glass House is the qualifying transaction of Mercer Park Brand Acquisition Corp. (“Mercer Park”), a Special Purpose Acquisition Company (“SPAC”) focused on the cannabis industry. Backed by veteran finance and banking industry Jonathan Sandelman, Mercer Park completed its IPO and began trading on the NEO Exchange on May 13, 2019.

“When we formed Mercer Park Brand Acquisition Corp, we wanted to create a platform that could launch the first national cannabis brands in the United States,” said Mercer Park president Jonathan Sandelman. “This took us to California, with its ideal growth climate and community of talented and experienced producers, where we ultimately chose to partner with Glass House Group and this incredible portfolio of assets and talent. It also brought us to the NEO Exchange as the perfect platform to fund our vision. NEO’s flexibility, support and experience with PSPCs have played an important role in funding the emerging cannabis sector.

With a strong retail and wholesale network in California – the world’s largest cannabis market – Glass House strives to provide exceptional, sustainably produced, artisanal cannabis products for the benefit of all. “Today marks an important turning point for our company ”, said Kyle Kazan, President and CEO of Glass House. “With one of California’s most enviable retail and cultural footprints, we are well positioned to seize the important opportunities ahead while delivering strong value to our shareholders. “

“The Glass House list is another testament to the power of after-sales service as a springboard for lighthouse mergers and acquisitions”, noted Jos Schmitt, President and CEO of NEO. “With the right exchange to support the launch, a qualifying trade is in a good position to start. As the premier Canadian exchange for SPACs and a long-time advocate for the cannabis industry, NEO is honored to play a pivotal role in the journey of financial markets for Glass House. We look forward to providing all the benefits of a Tier 1 exchange, including access to institutional investors, enhanced trading quality, and our white-glove service and support. “

Yesterday’s launch marks the second qualifying transaction by NEO-listed SPACs in 2021, after the parent company, which resulted from a successful qualifying transaction by Subversive Capital Acquisition Corp., in January. Three other cannabis SPACs were also listed on the NEO Exchange this year, including Silver Spike III Acquisition Corp., BGP Acquisition Corp. and Choice Consolidation Corp.

Investors can trade shares of Glass House Group (NEO: GLAS.AU) through their usual investment channels, including discount brokerage platforms and full-service brokers.

The NEO exchange is home to over 140 company and ETF listings and consistently facilitates nearly 15% of all trading volume in Canada. Click here for a full view of all NEO listed securities.

About the NEO scholarship

The NEO Exchange is Canada’s Tier 1 exchange for the innovation economy, bringing together investors and fundraisers in a fair, liquid, efficient and service-oriented environment. Fully operational since June 2015, NEO gives priority to investors and provides access to trading of all securities listed in Canada on an equal footing. NEO lists companies and investment products looking for an internationally renowned exchange that provides investors with confidence, quality liquidity and broad awareness, including unlimited access to data of the market.

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About Glass House Brands Inc.

Glass House Brands Inc. is one of the fastest growing vertically integrated cannabis and hemp companies in the United States, with a decisive focus on the California market and building leading, sustainable brands to serve consumers in all segments. From its greenhouse cultivation operations to its manufacturing practices, from branding to retail, the company’s efforts are rooted in respect for the people, the environment and the community that co- Founders Kyle Kazan and Graham Farrar instilled it from the start. Through its portfolio of brands, which includes Glass House Farms, Forbidden Flowers and Mama Sue Wellness, Glass House is committed to achieving its vision of excellence: exceptional cannabis products, produced in a sustainable manner, for the good of all. .

Connect with Glass House: Website | LinkedIn | Twitter | Instagram

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