Greenrose Acquisition Corp. Announces Extension of Time to Consummate Small business Combos

AMITYVILLE, N.Y., Aug. 12, 2021 (World NEWSWIRE) — Greenrose Acquisition Corp. (OTC: GNRSU, GNRS, GNRSW) (“Greenrose” or the “Company”), a exclusive purpose acquisition firm targeting companies in the cannabis business, presented notification to Continental Inventory Transfer & Trust Organization that the Firm is extending the time offered in get to consummate a Enterprise Mix with the Target Companies for an additional one (1) thirty day period, from August 13, 2021 to September 13, 2021.

To workout the extension of the deadline, the Company’s sponsor deposited $569,250 into the Believe in Account held by Continental Stock Transfer and Believe in Organization. Greenrose has the ideal to physical exercise to prolong the time obtainable to consummate its small business mixtures for up to two additional months.

No Give or Solicitation

This conversation shall not constitute an provide to market or the solicitation of an present to get any securities, nor shall it constitute a solicitation of votes or proxies in relationship with any assembly of the stockholders of Greenrose.

Advisors

Imperial Cash, LLC is acting as cash marketplaces advisors to Greenrose. Gateway Group is serving as communications advisor to Greenrose. Mackenzie Associates and Broadridge Monetary Solutions are acting as proxy advisors to Greenrose in link with its proxy solicitation efforts.

About Greenrose

Greenrose Acquisition Corp. is a distinctive goal acquisition business organized for the function of effecting a merger, share exchange, asset acquisition, inventory acquire, recapitalization, reorganization, or other comparable small business combination with one or more companies or entities. Adhering to the transactions forming the Platform (as outlined in our general public filings obtainable at greenrosecorp.com), Greenrose is anticipated be a vertically built-in, multistate operator cannabis organization. For more information, visit greenrosecorp.com.

Ahead-Seeking Statements

Specified statements created in this release are “forward on the lookout statements” in the this means of the “risk-free harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. When made use of in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “strategies,” “intends,” “believes,” “seeks,” “may,” “will,” “need to,” “long run,” “suggest” and versions of these words and phrases or comparable expressions (or the damaging versions of these kinds of text or expressions) are supposed to recognize ahead-looking statements. These forward-on the lookout statements are not guarantees of foreseeable future performance, conditions or results, and entail a number of recognized and not known risks, uncertainties, assumptions and other important things, many of which are outside the house Greenrose’s or its concentrate on companies’ management, that could cause real final results or results to vary materially from all those discussed in the forward-hunting statements. Significant elements, amid other folks, that may well have an effect on real outcomes or outcomes include things like: any inability to get hold of Greenrose stockholder approval of the enterprise combinations, any inability to finish the transaction contemplated by each of the respective merger or acquisition agreements due to the fact of failure of closing conditions or other explanations any inability to recognize the anticipated positive aspects of the proposed business combinations, which may well be influenced by, between other items, the amount of money of funds available adhering to any redemptions by Greenrose stockholders liquidity of Greenrose’s stock fees associated to the proposed enterprise mixtures Greenrose’s means to handle progress Greenrose’s means to determine and combine other potential acquisitions rising expenditures adversely impacting Greenrose’s profitability opposition in the legal hashish market adverse variations to the lawful ecosystem for the hashish market and normal economic and industry ailments impacting demand for Greenrose’s products and companies. See the threat variables disclosed in the preliminary proxy assertion for the company mixtures for further risks affiliated with the company combos. None of Greenrose, Shango Holdings Inc., Futureworks LLC (d/b/a The Health Middle), Theraplant, LLC, or Correct Harvest, LLC undertakes any obligation to update or revise any forward-hunting statements, irrespective of whether as a final result of new facts, long run situations or if not, other than as needed by legislation. Readers must not unduly rely on any projections or other ahead-on the lookout statements or data contained herein.

Supplemental Data About the Proposed Organization Mixture and Wherever to Find It

For further details about the proposed small business combinations, see Greenrose’s Present-day Report on Sort 8-K (such as the investor presentation integrated as an exhibit thereto) submitted with the SEC on July 28, 2021, obtainable at www.sec.gov.

The proposed transactions will be submitted to shareholders of Greenrose for their approval. In relationship with the proposed small business combinations, Greenrose will file with the SEC a preliminary and definitive proxy statements in connection with a specific conference of the stockholders of Greenrose to consider and vote on the company combination and related issues. Greenrose will mail the definitive proxy assertion and other related paperwork to its stockholders in link with the meeting. Investors and stability holders of Greenrose are recommended to read, when obtainable, the draft of the preliminary proxy statement, and amendments thereto, and the definitive proxy statement, which will have essential info about the proposed enterprise combos and the parties to it. The definitive proxy statement will be mailed to stockholders of Greenrose as of a file day to be established for voting on the proposed company mixtures. Stockholders will also be in a position to receive copies of the proxy assertion, without demand, after accessible, at the SEC’s internet site at www.sec.gov or by directing a request to: Greenrose Acquisition Corp., 111 Broadway, Amityville, NY 11701, Notice: Chief Govt Officer.

Members in the Solicitation

Greenrose, Legitimate Harvest and Theraplant, and their respective administrators, executive officers and other members of their management and staff, underneath SEC procedures, may perhaps be considered to be participants in the solicitation of proxies of Greenrose stockholders in connection with the proposed company combos. Buyers and security holders might obtain additional detailed info pertaining to the names, affiliations and interests of Greenrose’s administrators in the remaining prospectus for Greenrose’s original community supplying dated as of February 11, 2020, and that was filed with the SEC on February 11, 2020, as perfectly as in its once-a-year report on Sort 10-K filed with the SEC on March 11, 2021. Added information pertaining to the individuals in the proxy solicitation and a description of their immediate and indirect passions will be contained in the preliminary and definitive proxy statements linked to the proposed business combinations when it turns into readily available, and which can be acquired free of cost from the resources indicated previously mentioned.

Trader Relations Get hold of:
Gateway Trader Relations
Cody Slach or Jackie Keshner
(949) 574-3860
GNRS@gatewayir.com

Greenrose Make contact with:
Daniel Harley
Govt Vice President, Small business Progress
(516) 307-0383
ir@greenrosecorp.com