SOL Global invests US$20 million in Common C Holdings LP

On August 24, 2021, SOL Global Investments Corp. ("SOL Global") (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) announced that it had completed an investment in Common C Holdings LP, a Michigan-based, Delaware limited partnership that provides support services to state-compliant licensed cannabis operators. SOL Global invested US$20 million, acquiring 1.4 million Class B Common Units of Common C Holdings.

SOL Global is a diversified investment and private equity holding company engaged in the small and mid-cap sectors. The Company's investment partnerships range from minority positions to large strategic holdings with active advisory mandates. Its six primary business segments include Retail (QSR & Hospitality), Agriculture (including Cannabis), Technology (with a focus on Clean-Tech and Electric Vehicles), Esports and Gaming, Cryptocurrency, and New Age Wellness.

Gowling WLG was Canadian counsel to SOL Global with respect to this investment with a team led by Peter Simeon.