May 28 | by
One thing about
Jay-Z, when he gets involved in new projects, he takes them to the next level. We told you about the rapper-turned-Hip Hop mogul’s new cannabis brand a few months ago. Now, we’ve got deets about how he’s expanding his marijuana brand for the elite cannabis connoisseurs. Read up on how he’s making his mark inside….
Jay-Z is not playing any games when it comes to scooping a bag! He has his hand in music, sports management, and streaming – just to name a few. Now, he’s ready to take over the marijuana industry.
Jay-Z s company set to produce 900K pounds of pot lfpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lfpress.com Daily Mail and Mail on Sunday newspapers.
Glass House Group.
The Toronto-based special purpose acquisition company revealed its plans last month to purchase Glass House for $567 million, which will then be listed on the NEO Exchange under the GLAS.U ticker. The merger, scheduled to close in the first half of 2021, is expected to result in the largest California cannabis company to date.
Mercer Park said Friday that the number of multiple voting shares in relation to the previously announced transaction would remain unchanged. However, they are to be re-allocated, increasing the proposed holdings of GH Group CEO Kyle D. Kazan from 1,704,586 to 2,025,244 multiple voting shares.
Following the merger until the expiry of the three-year sunset period, Glass House Group founders – or holders of multiple voting shares – will be entitled to roughly 82% of the voting power of the outstanding voting shares of the company, with Kazan holding approximately 35% of the voting power.