About company
They are a newly organized blank check company. While they may pursue a business combination target in any business, industry or geographic region, they intend to focus their search on businesses in the cannabis industry that are compliant with all applicable laws and regulations within the jurisdictions in which they are located or operate and, in particular, they will not invest in, or consummate a business combination with, a target business that they determine has been operating, or whose business plan is to operate, in violation of U.S. federal laws, including the U.S. Controlled Substances Act. Moreover, they expressly disclaim any intent to and will not consummate a business combination with a target business located in China or Hong Kong. They intend to identify and acquire a business that could benefit from a hands-on owner with extensive operational experience in the cannabis sector that presents potential for an attractive risk-adjusted return profile under their stewardship. Even fundamentally sound companies can often under-perform their potential due to underinvestment, over-levered capital structures, excessive cost structures, incomplete management teams and/or inappropriate business strategies. Their management team has extensive experience in identifying and executing acquisitions across any asset sectors.