Leading cannabis industry investor and analyst Viridian attributes the 65% fall in cannabis M&A deals over the past year to "the weakened state of public companies as stock prices plummeted and companies could no longer write blank checks or use common shares as currency". A well-capitalized and motivated alternative - indeed "the only game in town" according to cannabis industry media heavy Deb Borchardt - are Special Purpose Acquisition Corporations (SPACs). Ruth Epstein serves as CEO of a $240 Million SPAC called Tuscan Holdings Corporation (THCBU/Nasdaq Capital Markets), part of the $2.5 Billion raised by SPACs in the industry. Another high-profile entrant into this financing vehicle is
Viridian Capital Advisors and Information Management Network are teaming up to host "The Rise of SPACs in Cannabis and Hemp", a free webinar on June 2 at 2:00 pm EST. This high-level discussion will feature some of the leading experts on innovative financing strategies in the cannabis and hemp industries. [Register for the webinar HERE] WEBINAR SUMMARY: "Special Purpose Acquisition Companies (SPACs) have been gaining popularity as an investment vehicle in the cannabis sector but have still been flying somewhat under the radar. Last year saw several deals close on the NASDAQ and the NEO exchange in Canada, with others currently pending. Viridian Capital Advisors and IC3 are delighted to welc
