Cannabis SPACs Offer ‘Free Look’ at Market, Says CEO

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A Special Purpose Acquisition Corporation (SPAC) executive tells INN why SPACs offer investors a free preview into the cannabis world. At the core, SPACs are an investment vehicle in which a company raises capital through an initial public offering (IPO) before any operations are determined. Once the total sum is raised the goal becomes for the company to go out, find and acquire an operating business. .en.

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