Business Combination Limitations. The Company shall not enter into a Business Combination with a target business in the cannabis industry unless the Company shall have determined that such target business is compliant with all applicable laws and regulations within the jurisdictions in which it is located or operates. The Company shall not invest in, or consummate a Business Combination with, a target business that the Company determines has been operating, or whose business plan is to operate, in violation of U.S. federal laws, including the U.S. Controlled Substances Act.
Appears in 14 contracts
Samples: Underwriting Agreement (Lifesci Acquisition II Corp.), Underwriting Agreement (Lifesci Acquisition II Corp.), Underwriting Agreement (Collective Growth Corp)
