Greenrose Acquisition Corp is renamed The Greenrose Holding Company Inc following the closing of the business combination with Theraplant

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Greenrose currently plans to continue working on acquiring Shango Holdings, Inc. and Futureworks LLC and certain assets of Arizona-based True Harvest, LLC.

Greenrose Acquisition Corp said it has completed the business combination with Connecticut-based Theraplant, LLC.

The company has been renamed The Greenrose Holding Company Inc and will continue to trade on the OTC under the symbols “GNRS” and “GNRSW”.

The Amityville, New York-based company said it also plans to co-list on the NEO exchange after the business combination closes.

READ: Greenrose Acquisition Says Shareholders Approve Business Combination

“Becoming a public company provides us with the opportunity to accelerate our organic expansion and M&A plans as we work to build a platform of cannabis assets around award-winning, high-quality flowers,” said Mickey Harley, CEO of Greenrose.

The acquisition of Theraplant was financed, in part, by a $105 million senior secured credit facility from DXR Finance, LLC, the statement said.

With the closing of the business combination, Greenrose currently expects to continue working on the acquisition of Shango Holdings, Inc. and Futureworks LLC and certain assets of Arizona-based True Harvest, LLC.

Greenrose intends to become a multi-state cultivator and producer of cannabis brands and products. The company is driven by cultivation, knowing that being a leader in the cannabis industry requires starting with exceptional flowers derived from unique genetics and evolutionary growing methods.

Contact Ritika at ritikaa@proactiveinvestors.com

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