This Hot New Cannabis SPAC Gives Investors Exposure to Some of the Hottest Markets
Are you looking for the next big cannabis investment? Valuations are high right now, as over the past year the Horizons Marijuana Life Sciences ETF (OTC: HMLSF) has soared more than 140%. That's well above the S&P 500 and its remarkable gains of 70%. That means you will be paying a hefty premium for many pot stocks right now.
However, there's one popular way to get in early (and secure a cheap valuation) on what might be the next big thing. That's by investing in a special purpose acquisition company (SPAC). Investing in a SPAC is a riskier move, since you don't have years of financial records to sift through and analyze, but if you are willing to take a chance, a SPAC could set you up for some strong gains. And there's one that is particularly attractive that you should keep a close eye on today: Greenrose Acquisition Corp (NASDAQ: GNRS).
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Source Fool.com
