Item 1.02. Termination of a Material Definitive Agreement.

On January 6, 2022 (the "Termination Date"), Futureworks LLC ("Futureworks") notified The Greenrose Holding Company Inc. ("Greenrose" or the "Company") that it was terminating the Agreement and Plan of Merger (the "Merger Agreement"), dated March 12, 2021, by and between Futureworks, the Company (formerly known as Greenrose Acquisition Corp.) and Futureworks Holdings, Inc., a Delaware corporation and wholly-owned subsidiary of Greenrose ("FW Merger Sub"). Pursuant to the Merger Agreement, Futureworks was expected to be merged with and into FW Merger Sub (the "Futureworks Merger"), with FW Merger Sub surviving the Merger as a wholly owned subsidiary of Greenrose. All related ancillary agreements entered into on March 12, 2021 in connection with the Futureworks Merger the Purchase Agreement were also terminated on the Termination Date. The material terms and conditions of the Merger Agreement were previously disclosed in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on March 12, 2021 and are incorporated by reference herein.


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