Investment to help to accelerate and meet increasing demands for high-quality nature-based solutions projects with strong environmental and societal co-benefits
Already carbon neutral since 2018, the company plans to set science-based targets for its operations and supply chain to reach this goal and provide $10 million in new philanthropic funding toward initiatives that address climate change
Newly formed vertically integrated cannabis company to be named TPCO Holding Corp. (The Parent Company), will be the largest in California
Shawn “JAY-Z” Carter will join The Parent Company as Chief Visionary Officer to guide brand strategy and The Parent Company Social Equity Ventures, a corporate venture fund investing in Black-owned and minority-owned cannabis businesses
Entertainment powerhouse Roc Nation signs exclusive cannabis partnership with The Parent Company
$36.5mm in equity commitments from existing and new shareholders provides sufficient cash to satisfy closing conditions
Transaction expected to close in January 2021
Class A Units currently trade on the NEO under the symbol “SVC.A.U” and on the OTCQX under the symbol “SBVCF”
Conference call and webcast available for replay