NEO welcomes 8th cannabis-focused SPAC

NEO has announced that Ceres Acquisition Corp., a newly formed Special Purpose Acquisition Corporation (“SPAC”), has made its Canadian public markets debut on the NEO Exchange, the company said.

Ceres, which closed a USD 120,000,000 initial public offering, began trading its Class A Restricted Voting Units yesterday under the symbol NEO:CERE.UN. To complete a qualifying transaction, Ceres intends to target businesses with a focus on the cannabis and related health and wellness industries, however it is not limited to a particular industry or geographic region.

Ceres is the eighth SPAC to list on NEO and the second SPAC listing of 2020 following the Subversive Real Estate Acquisition REIT LP (NEO:SVX.U), which began trading in January.

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