
Respect My Region
Cannabis tech platform Springbig is merging with Tuatara Capital Corp in a blank check SPAC deal

Respect My Region
•11-9-2021
DESCRIPTION
Cannabis tech platform Springbig is merging with Tuatara Capital Corp in a blank check SPAC deal. If the deal closes they'll list on the NASDAQ under the ticker "SBIG".
Springbig is a cannabis industry loyalty and marketing platform. They have carved out a niche in the loyalty and text message marketing segment. The merger is projected to leave $200 million in cash in the company with a final valuation of $500 million. Spring is currently on track to do $24 million in revenue in 2021 with over 1000 current customers. They service cannabis dispensaries, delivery services, and brands.
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