Greenrose SPAC Announces Delisting on NASDAQ

NEW YORK–Cannabis-focused blank-check company Greenrose Acquisition Corp. has announced it plans on delisting its shares from the Nasdaq later this month, in anticipation of closing deals that would qualify it as a ”plant-touching” business in violation of the exchange’s rules.

The New York-based special purpose acquisition company, or SPAC, said in Thursday’s announcement that it has filed notice of its planned delisting with the Nasdaq and the U. S. Securities and Exchange Commission.