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George Atallah, Marcia Dyson, Jeff Gray, Faith Leach, Carmen Perez, Mary Pryor and Angela Rye to work directly with The Parent Company’s management team to ensure maximum impact for all investments
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Caliva set the pace for cannabis innovation in 2020 by launching Shawn “JAY-Z” Carter’s MONOGRAM line, expanding its delivery and retail footprint in key California markets, and entering into definitive transaction agreements with Subversive Capital Acquisition Corp. (NEO: SVC.A.U, SVC.WT.U; OTCQX: SBVCF) ("SCAC"), a special purpose acquisition company (“SPAC”), to form TPCO Holding Corp. (“The Parent Company”), the largest vertically integrated cannabis platform in California
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Newly formed vertically integrated cannabis company to be named TPCO Holding Corp. (The Parent Company), will be the largest in CaliforniaShawn “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 conditionsTransaction expected to close in January 2021Class 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