Jay-Z s Marijuana Business to Produce 900,000 Lbs of Cannabis in New Deal
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Jay-Z is gearing up to become an owner of California s largest cannabis producer after a series of multi-million-dollar transactions. Hov s The Parent Company which owns his Monogram cannabis brand made $67 million worth of transactions, including $50 million to acquire Mercer Park Brand Acquisition Corp., which is about to merge with Glass House Group in a deal worth $567 million.
After the merger, The Parent Company will finalize a 10-year deal with Glass House, which will produce nearly 500,000 pounds of cannabis biomass. In addition, the two companies are finalizing a six-year, $25 million retail partnership agreement that will allow The Parent Company s products to be sold at all Glass House locations.
Glass House Group Commences Installation of State-of-the-Art, Sustainable Glass Roof Panel System at Padaro Cultivation Facility
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Glass House Group Commences Installation of State-of-the-Art, Sustainable Glass Roof Panel System at Padaro Cultivation Facility
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Cannabis Movers & Shakers: The Parent Company, MindMed, Australis, Flourish Software
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