WeedWeek talked to Michael Auerbach of Subversive Capital, which has emerged as a major investor.
- The company’s real estate investment trust (REIT) aims to close on $183M in transactions by the end of this month.
- Separately, a special purpose acquisition company, or SPAC, arranged by the company, raised about $575M in its IPO, the largest SPAC IPO in Canadian history.
- “I actually predict that I’ll be only one of two or maybe three of the 10 SPACs [currently] out there for cannabis that will do cannabis,” Auerbach said. “I think most of my competitors will end up doing non-cannabis targets.”
“The time to buy is now,” he says.
Quick Hits
- Meadow is launching a CRM service which aims to be the “Salesforce of cannabis.”
TechCrunch - CBD company SC Botanicals is suing an estranged partner, which it accuses of stealing its trade secrets for THC remediation.
WeedWeek - Canna-tech workers are in demand, and probably will be for years to come.
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