Mar 10, 2021 at 7:34AM
Special purchase acquisition companies (SPACs) are some of the hottest buys of 2021. However, they also make for some ultra-risky investments, as investors don t have financial statements to look at to do the kind of analysis that they might normally do when picking a stock. Investors are essentially banking on the potential that a SPAC hits it big with an acquisition or merger.
One of the most popular SPACs this year has been
Churchill Capital Corp IV, which has soared 133% year-to-date (the
S&P 500 is up just 5%). It also recently announced a merger with electric vehicle maker Lucid Motors. Churchill has been around for a bit, though. If you re looking for what could be the next big SPAC, there s one in the cannabis industry that should be on your radar today: