By: John Schroyer and Jeff Smith | mjbizdaily.com
Weedmaps to Go Public Via SPAC in $1.5 Billion Deal despite U.S. Department of Justice investigation.
“There’s uncertainty. This transaction, we don’t know what the DOJ is going to conclude, or what other issues are out there,” Karnes said. “If I was a shareholder in Silver Spike, I’d think really hard about approving this transaction.” Karnes pointed out that the special purpose acquisition company (SPAC) through which Weedmaps plans to go public – Silver Spike Acquisition Corp. – can still unravel if the investors aren’t satisfied with the amount of detail disclosed by Weedmaps.
