Pot-Focused Co. Greenrose Closes Theraplant Acquisition

By Sarah Jarvis (November 29, 2021, 8:17 PM EST) -- The cannabis-focused, former blank-check company Greenrose Acquisition Corp. announced Monday that it has closed a business combination with Connecticut-based Theraplant LLC, as part of a previously announced deal to acquire four marijuana businesses in seven states.

The transaction, steered by Tarter Krinsky & Drogin LLP, Feuerstein Kulick LLP and Hinckley Allen & Snyder LLP, was approved at a special meeting of Greenrose's stockholders in late October, the company said. It was partially funded by a $105 million senior secured credit facility from DXR Finance LLC.

Greenrose CEO and Director Mickey Harley said in a statement that Monday marked an important milestone...

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