NEO Welcomes Fourth Cannabis-focused SPAC
TORONTO–(BUSINESS WIRE)–NEO
is pleased to announce Mercer Park Brand Acquisition Corp. (“Mercer
Park”) Class A Restricted Voting Units will begin trading today on NEO
under the symbol BRND.U.
The newly-organized Special Purpose Acquisition Corporation (“SPAC”),
which raised U.S.$402,000,000 in its initial public offering, will
target businesses that operate in the cannabis and/or cannabis-adjacent
branded product industries, as well as businesses that have additional
strategic capabilities such as distribution, manufacturing, or product
development. Mercer Park intends to focus on acquiring one or more
companies with an estimated aggregate enterprise value of between
U.S.$300 million and U.S.$800 million.
This is the second SPAC from Mercer Park to list on NEO, following
Cannabis Strategies Acquisition Corp. (NEO:CSA.A,
CSA.RT,
CSA.WT),
and the fourth cannabis-focused SPAC to list on NEO. These include
Canaccord Genuity Growth II Corp.(NEO:CGGZ.UN),
and Canaccord Genuity Growth Corp. (“Canaccord Genuity”). Canaccord
Genuity recently
completed its qualifying transaction resulting in the listing of
Columbia Care (NEO:CCHW,
CCHW.WT),
which was NEO’s first corporate listing with an enterprise value of over
one billion dollars.
Investors can trade BRND.U
through their usual investment channels, including discount brokerage
platforms and full-service dealers. The NEO Exchange is now home to over
70 corporate and ETF listings, and consistently facilitates over 10 per
cent of all Canadian trading volume. Click
here for a complete view of all NEO-listed securities.
About NEO Exchange
Neo Exchange Inc. is Canada’s next generation stock exchange, putting
the needs of investors, businesses looking to raise capital and dealers
first. Fully operational since June 2015, the NEO Exchange currently
offers an innovative and investor-driven trading platform for all
Canadian publicly-traded securities. It also has a value-added listing
approach for capital raising companies and investment products, focused
on liquidity, transparency and efficiency. For more information, please
visit: NEOstockexchange.com
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Contacts
Media Contact:
Adam Bornstein
E: [email protected]
P:
905.505.2540
