Welcome to our dedicated page for MRCQF news (Ticker: MRCQF), a resource for investors and traders seeking the latest updates and insights on MRCQF stock.
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On May 21, 2021, Glass House Group announced the installation of a new glass roof system at its 350,000 sq. ft. Padaro greenhouse. This project aims to enhance natural light exposure, improving yield and product quality while reducing energy consumption by approximately 20% per pound of flower. The company's cultivation practices focus on sustainability, using technologies that minimize the carbon footprint. Additionally, Glass House is set to merge with Mercer Park Brand Acquisition Corp., with the transaction expected to close in H1 2021, resulting in shares listed under the ticker symbol GLAS.U.
Glass House Group, a leading cannabis and hemp company, has secured two additional retail licenses for adult-use dispensaries in Santa Ynez and Isla Vista, California. This expansion boosts its retail presence to six locations statewide. The new stores are strategically placed to attract local residents and tourists, particularly near the University of Santa Barbara. Glass House recently reported significant sales growth with 4/20 sales rising 20% year-over-year across its locations. The company is also set to be acquired by Mercer Park Brand Acquisition Corp, aiming for a seamless transition to the NEO Exchange.
On May 10, 2021, Glass House Group, a leading cannabis company in the U.S., announced that CEO Kyle Kazan and President Graham Farrar will present at the Canaccord Genuity Cannabis Virtual Conference on May 11, 2021, at 1:00 p.m. ET. This presentation will be accessible online. The company is set to be acquired by Mercer Park Brand Acquisition Corp. (OTCQX: MRCQF). The acquisition aims to bolster branded cannabis businesses and is expected to close in the first half of 2021, with shares listed on the NEO Exchange under ticker GLAS.U.
