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