Greenrose Acquisition, a blank check company targeting the cannabis industry, raised $150 million by offering 15 million units at $10 to command a market value of $191 million. Each unit consists of one share of common stock and one warrant to purchase a share of common stock at $11.50 per share.
Greenrose Acquisition plans to list on the Nasdaq under the symbol GNRSU. Imperial Capital acted as a lead manager on the deal.
