Yesterday, we got news of new pot stock IPO.
Canadian and U.S. companies are rushing to tap the public equity markets . . . creating several new IPOs before 2019.
This latest pot stock IPO is a major player – operating in 13 U.S. states.
Go here to get pre-IPO shares in the next pot stock IPO.
Columbia Care just announced its plans to “go public” in a reverse merger transaction.
The deal values the privately held company at $1.35 billion.
So, what is Columbia Care?
Founded in 2012, Columbia Care is one of the largest medical marijuana companies operating in the U.S.
The company has 33 licenses to produce and sell cannabis. With operations in 13 states, Columbia Care is a major player. The company is fully integrated – growing its own cannabis at 16 facilities.
Every month, the company serves over 50,000 patients through its 60 dispensaries.
In a CNBC interview, Columbia Care CEO Nicholas Vita said, “If we want to make America great again, we have to have policies that foster the growth of an industry.”
The company plans to go public to raise capital and fund future growth. Columbia Care plans to merge with a special purpose acquisition company called Canaccord Genuity Growth Corp.
Through this transaction, Columbia Care plans a quick IPO.
Go here to claim your PRE-IPO shares.
The company plans to raise $35 million from investors in a private placement. Those funds will be used to fuel the Columbia Care’s continued expansion in new U.S. markets.
Columbia Care appears to be similar in size to MedMen (OTC: MMNFF) – following its acquisition of PharmaCann. MedMen operates 66 stores in 12 states, and has a market value of $2.7 billion.
MenMen shares have jumped 104% since the IPO in June . . .
The big difference is that Columbia Care is focused on medical marijuana, whereas MedMen is focused on recreational cannabis.
It’s impossible to get financial details on Columbia Care until the company files IPO paperwork.
With a pre-IPO value of $1.3 billion, Columbia Care looks like an expensive stock.
Yet one little-known “pot stock” is getting ready to go public. This pot stock IPO is an early-stage situation – with tremendous upside potential.
In fact, the company’s pre-IPO is now open . . . and early investors can claim shares for just $0.50.
Just click here now for urgent details.