Chicago Cannabis Company Green Thumb Proposes Merger With Boston Beer, Eyes Stock Listing
Chicago-based cannabis producer Green Thumb Industries (OTCQX:GTBIF) has raised eyebrows throughout the beverage and weed industries with a recent proposal to merge with Boston Beer Co. (NYSE:SAM), the iconic American brewer behind Sam Adams lager.
Green Thumb Seeks Stock Exchange Listing
Green Thumb’s primary motivation for the move appears to be gaining access to a major U.S. exchange. The Wall Street Journal reports that Green Thumb CEO Ben Kovler outlined this central objective in a letter to Boston Beer founder and chairman Jim Koch, as well as other potential benefits for both companies.
A successful merger would allow Green Thumb, currently listed on a Canadian exchange and over-the-counter in the U.S., to finally gain access to …