Choice Consolidation Corp. Makes Public Markets Debut on NEO
Ryan Allway
February 19th, 2021
News
Toronto | February 19, 2021 – NEO is pleased to announce that Choice Consolidation Corp. (“Choice Consolidation” or the “Company”), a newly-organized Special Purpose Acquisition Company (“SPAC”), made its public markets debut on the NEO Exchange today. Having closed a US$150,000,000 initial public offering, the Company is now trading its Class A Restricted Voting Units under the symbol NEO:CDXX.UN.U.
The Choice Consolidation acquisition strategy will target the US cannabis industry including, among others, existing single-state operators in U.S. markets with high barriers to entry, distressed assets that require minimal to moderate incremental capital to turn around, and sellers that need help bringing their own assets to the finish line. The Company’s management team believes that it can capitalize on the “second mover advantage” – lessons learned from legacy entrants – and enable efficiencies across all aspects of the supply chain.
“We are thrilled to make our public market debut on the NEO Exchange as we begin the next phase of effecting our qualifying transaction with a focus on US cannabis acquisitions,” commented Joe Caltabiano, CEO of Choice Consolidation Corporation. “As a senior listing exchange, NEO has established itself to be a leading platform for SPACs. We chose to partner with the NEO Exchange due to their stringent listing requirements, which we believe provide increased transparency to both retail and institutional investors, and their relentless focus on providing issuers with an optimal experience.”
Mr. Caltabiano continued: “Over the coming months, we look forward to effecting a transaction that will create a best-in-class cannabis multi-state operator (“MSO”), with assets across key limited license markets in the US. Our management team and board of directors have a proven track record with more than 25 cannabis acquisitions that have led to value creation for shareholders. We look forward to building another scaled and profitable MSO, this time with an even deeper understanding of what it takes to generate excellent cultivation yields, streamlined manufacturing, and a differentiated retail experience for patients and customers.”
With today’s launch, Choice Consolidation has become the 10th SPAC to join the growing class of SPACs to list on the NEO Exchange. Home to over 100 corporate and ETF listings, the NEO Exchange consistently facilitates close to 15 percent of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.
“With a well-defined acquisition strategy backed by a proven leadership team, Choice Consolidation is ready to enable the next prominent MSO in the US cannabis industry,” remarked Jos Schmitt, President and CEO of the NEO Exchange. “We share their commitment to excellence in pursuit of success and are proud they selected us as their listing partner, further confirming that NEO is the Canadian stock of exchange of choice for SPACs.”
Investors can trade shares of NEO:CDXX.UN.U through their usual investment channels, including discount brokerage platforms and full-service dealers.
To watch the Digital Market Open event replay, click here.
About NEO Exchange
NEO Exchange is a progressive stock exchange that brings together investors and capital raisers within a fair, efficient, and service-oriented environment. Fully operational since June 2015, the NEO Exchange puts investors first and provides access to trading all Canadian-listed securities on a level playing field. The NEO Exchange lists non-venture companies and investment products seeking a stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
Connect with the NEO Exchange: Website | Twitter | LinkedIn | Instagram
About Choice Consolidation Corp.
Choice Consolidation Corp. is a Special Purpose Acquisition Company (SPAC) created to identify existing opportunities toward the development of a new multi-state operator in the rapidly growing cannabis space. Co-founded by leading business pioneers in the industry, Choice Consolidation Corp. will leverage years of experience, in-depth industry knowledge and nationwide relationships to acquire businesses in key targeted markets in order to create next-generation multi-state operators. For more information, visit www.choiceconsol.com or contact investors@jscfund.com by email.
Media:
NEO Exchange
Adam Bornstein
E: adam.bornstein@NEOstockexchange.com
P: 905.505.2540
Choice Consolidation Corp.
Shawna Seldon McGregor
E: shawna@themaverickpr.com
P: 917.971.7852
Investors:
Choice Consolidation Corp.
Sean Mansouri, CFA or Cody Slach
E: CDXX@gatewayir.com
P: 949.574.3860
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
Search CannabisFN
Press Coverage
Psychedelics Index
Top Videos
Rob is the co-founding President of Pelorus Equity Group and has more than 18 years of experience in the real estate finance industry. Since the formation of Pelorus in 2010, he has raised more than $175,000,000 in secured real estate transactions. Rob’s primary role at Pelorus Equity Group is the development of strategic alliances with […]
Alan Brochstein’s 420 Investor is the go-to community for investors to learn, explore, and profit from the marijuana companies. The main goal of 420 Investor is to provide real-time, objective information about the top marijuana companies in the market in order to help investors capitalize on cannabis.
Revive Therapeutics’ cannabinoid pharmaceutical portfolio focuses on rare inflammatory areas such as liver disease.
Quadron Cannatech Corporation is a Vancouver based automated extraction and processing solutions company.
Network Partners
About CFN Media Group
CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer
