THE GREENROSE HOLDING CO - GNRS STOCK NEWS

Greenrose Acquisition Corp. (OTC: GNRSU, GNRS, GNRSW) announced its decision to extend the deadline for completing its business combinations to November 13, 2021. The Company has deposited $569,250 into its Trust Account as part of this extension. Greenrose is in the process of acquiring four cannabis companies, collectively termed 'The Platform,' which aims for vertical and horizontal integration in high-growth markets. This extension is critical for obtaining shareholder approval for the proposed transactions and ensuring the successful completion of the business combinations.

Greenrose Acquisition Corp. (OTC: GNRSU, GNRS, GNRSW) has filed a definitive proxy statement for its proposed business combination with Theraplant, LLC and True Harvest, LLC. A special shareholder meeting is scheduled for 9:00 a.m. on October 27, 2021, to vote on this merger. If approved, the business combination is expected to close around November 1, 2021. The merged entity will be renamed The Greenrose Holding Company and will continue trading on the OTC while pursuing listing on the NEO exchange.

Greenrose Acquisition Corp. (OTC:GNRSU, GNRS, GNRSW) announced its participation in two virtual investor conferences set for September 2021. The 10th Annual Gateway Conference will feature Greenrose on September 8 at 1:30 p.m. ET, while the KCSA Cannabis Virtual Investor Conference will take place on September 9 at 4:00 p.m. ET. Greenrose aims to finalize acquisitions of four cannabis companies, collectively known as 'The Platform,' which will facilitate its expansion in high-growth markets.

Greenrose Acquisition Corp. (OTC: GNRSU, GNRS, GNRSW) announced an increase in its 2022 financial projections for revenue and adjusted EBITDA due to the earlier-than-expected approval of recreational marijuana sales in Connecticut, set to start mid-2022. Revenue forecasts have risen from $230 million to a range of $260-$295 million, while adjusted EBITDA is now projected between $110 million and $135 million, up from $90 million. Additionally, an amended merger agreement with Theraplant will pay $150 million in total consideration. The transaction deadline has been extended to November 30, 2021.

Greenrose Acquisition Corp. (OTC: GNRSU, GNRS, GNRSW) has announced an extension of one month for its Business Combination deadline, moving from August 13, 2021, to September 13, 2021. The company deposited $569,250 into the Trust Account to facilitate this extension, and it retains the right to extend for two additional months if needed. This strategic move aims to ensure completion of its target acquisitions in the cannabis sector, positioning Greenrose for growth as a vertically integrated multistate operator. No solicitation of offers is being made at this time.

Greenrose Acquisition Corp. (OTC: GNRSU, GNRS, GNRSW) announced a capital raise of up to $103 million from SunStream Bancorp, comprising $78 million in senior secured loans and $25 million in unsecured convertible notes. This funding aims to enhance Greenrose's strategy as it approaches its de-SPAC business combination. With these funds, Greenrose expects to have a total of up to $276 million for growth initiatives. The closing is set to align with the business combination's anticipated completion, pending customary conditions.

OTC Markets Group Inc. announced that Greenrose Acquisition Corp. has qualified to trade on the OTCQX Best Market under the symbol GNRS. Previously listed on NASDAQ, Greenrose aims to be a multistate operator in the cannabis industry. OTCQX provides companies with efficient access to U.S. capital markets, emphasizing financial standards and corporate governance. This milestone allows Greenrose to continue its growth strategy in the cannabis sector while offering enhanced transparency for investors.

Greenrose Acquisition Corp. (NASDAQ: GNRSU, GNRS, GNRSW) announced its plan to delist from Nasdaq, effective June 21, 2021, due to its transformation into a U.S. cannabis company post-business combination. This change is necessitated by non-compliance with Nasdaq's regulations for plant-touching operations. Greenrose will instead list on the OTCQX Best Market, allowing for more efficient access to capital markets. The company aims to become a vertically integrated cannabis operator following the closure of its business combinations.

Greenrose Acquisition Corp. (NASDAQ: GNRSU, GNRS, GNRSW) is set to participate in the virtual Lytham Partners Summer 2021 Investor Conference from June 14-16, 2021. The management will present on June 14 at 8:45 a.m. Eastern time, with one-on-one meetings scheduled throughout the conference. Additionally, they will engage in a cannabis multi-state operator panel on the same day at 2:00 p.m. Eastern time. Greenrose aims to become a vertically integrated, multi-state operator in the cannabis industry, enhancing its market position and investor outreach.