Greenrose Acquisition Corp. Sets Special Shareholder Meeting to Vote on Proposed Business Combination for October 27, 2021 at 9:00 A.M. Eastern Time
06 October 2021 - 11:00PM
Greenrose Acquisition Corp. (OTC: GNRSU, GNRS, GNRSW) (“Greenrose”
or the “Company”), a special purpose acquisition company targeting
companies in the cannabis industry, announced that it has filed its
definitive proxy statement (the "Proxy Statement") relating to its
previously announced proposed business combination (the “Business
Combination”) and set the time and date of 9:00 a.m. (Eastern Time)
on October 27, 2021 for its special shareholder meeting to vote on
the Business Combination (“Special Meeting”). The Proxy Statement
is being mailed on or about October 5, 2021 to Greenrose’s
shareholders of record as of the close of business on September 23,
2021.
Greenrose’s Business Combination will comprise
its proposed merger with Connecticut-based Theraplant, LLC and the
acquisition of certain assets of Arizona-based True Harvest, LLC
(each a “Business Combination Transaction”). It is expected that
the Company will proceed with its planned mergers with each of
Shango Holdings, Inc. (Shango) and Futureworks LLC (d/b/a The
Health Center) at a later date due to the time required to obtain
state regulatory approvals.
If each Business Combination Transaction
proposal is approved at the Special Meeting, the parties anticipate
that the Business Combination will close on or about November 1,
2021, subject to the satisfaction or waiver (as applicable) of all
other closing conditions.
Upon closing the Business Combination, the
combined company will be named The Greenrose Holding Company and
will continue to be listed on the OTC under the symbols “GNRSU,”
“GNRS,” and “GNRSW.” Greenrose also intends to list on the NEO
exchange as soon as practicable after the close of the Business
Combination.
About Greenrose Greenrose
Acquisition Corp. is a blank check company organized for the
purpose of effecting a merger, share exchange, asset acquisition,
stock purchase, recapitalization, reorganization, or other similar
business combination with one or more businesses or entities.
Greenrose has entered into definitive agreements to acquire four
cannabis companies, known collectively as “The Platform.” The
companies are Shango Holdings Inc. (Shango), Futureworks LLC (d/b/a
The Health Center), Theraplant, LLC and True Harvest, LLC. The new
Greenrose Platform will be a multistate operator that will look to
further vertically and horizontally integrate in the markets that
it is in and to enter new high growth and limited license
markets.
Investor Relations
Contact:Gateway Investor RelationsCody Slach or Jackie
Keshner(949) 574-3860GNRS@gatewayir.com
Greenrose Contact:Daniel
HarleyExecutive Vice President, Business Development(516)
307-0383ir@greenrosecorp.com
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