Jay-Z SPACs It Up with New Cannabis Stock: The Parent Company

The bull market in special purpose acquisition corporations (SPACs) is on. So is a new bull market in cannabis, especially with a democratic President and Senate.

The Parent Company will be the largest vertically integrated cannabis company in California, which is the largest market in the US. Its assets will include:

  • Caliva: 

    • 17 owned and licensed brands offering over 20 form-factors 

    • MONOGRAM was the most publicized cannabis brand launch with 1.1B impressions 

    • Caliva “Z Cube” 2019 High Times best Hybrid flower 

    • Licensed IP from Carlos Santana, Mickey Hart (Grateful Dead), and Marley Family

    • 20+ delivery locations and 15+ retail locations by 2022

  • Left Coast Ventures: Leading california operator focused on low-cost procurement, extraction, manufacturing and brands

  • OG Enterprises: Shawn Carter’s branding firm

  • Special access and rights with respect to Roc Nation’s roster of artists and athletes

And if you haven't figured it out yet, you also get Jay-Z, who will join The Parent Company as Chief Visionary Officer.

Caliva and Left Coast did US$185 million in 2020 and expects to do US$334 million this year.

The assets will all go into Subversive Capital Acquisition Corp. (OTC: SBVCF), and will become The Parent Company (TPCO Holdings) when the deal closes this month. Then it will trade on a major exchange.

Right now Subversive Capital has US$575 million cash-in-trust, which would make The Parent Company one of the most well-capitalized cannabis companies in the United States.

It is trading with a market cap of US$581 million. 

As it changes names and gets a major US listing, shares of the The Parent Company stock could have you big pimpin' in no time. 

Call it like you see it, 

Nick Hodge
Editor, Daily Profit Cycle

Nick Hodge is the co-owner and publisher of Daily Profit Cycle and Resource Stock Digest. He's also the founder of Hodge Family Office, the umbrella organization for his three premium services: Hodge Family Office, Family Office Advantage, and Foundational Profits. He specializes in private placements and speculations in early stage ventures, and has raised tens of millions of dollars of investment capital for resource, energy, cannabis, and medical technology companies. Co-author of two best-selling investment books, including Energy Investing for Dummies, his insights have been shared on news programs and in magazines and newspapers around the world.

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