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Investor relations key in budding cannabis sector
When US-based medical cannabis provider Columbia Care went public in April 2019, listing on Canada’s NEO Exchange, it did so in a unique fashion. Rather than use a reverse takeover or an IPO, Columbia Care merged with a special-purpose acquisition corporation (Spac) set up by its investment bank Canaccord Genuity to facilitate a go-public transaction, making Columbia Care the first cannabis company to use a Spac.
In this Q&A with Nicholas Vita, Columbia Care’s CEO and co-founder, and Gary Santo, vice president of investor relations, you will learn:
- When a cannabis company should go public
- Why Columbia Care chose to go public through a Spac
- How the investor base of a US cannabis company is different to other companies
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