Glass House Brands Completes Acquisition Of Plus, A Leading California Edibles Brand
04/29/22, 6:00 PM
Industry
community and lifestyle
food and beverage
health care
community and lifestyle
Glass House Brands Inc. ("Glass House'' or the "Company") (NEO: GLAS.A.U and GLAS.WT.U)(OTCQX: GLASF and GHBWF), one of the fastest- growing, vertically-integrated cannabis companies in the U.S., and Plus Products Inc. ("PLUS") today announced that Glass House has completed the acquisition of the business of PLUS, a leading cannabis edibles company based in California2. The Company acquired PLUS for approximately US$25.6 million3 through a combination of unsecured convertible debt4 and equity, plus additional performance-based consideration.
Company Info
Company info
Glass House Brands is one of the fastest-growing, vertically integrated cannabis companies in the U.S., with a dedicated focus on the California market and building leading, lasting brands to serve consumers across all segments. From its greenhouse cultivation operations to its manufacturing practices, from brand-building to retailing, the company's efforts are rooted in the respect for people, the environment, and the community that co-founders Kyle Kazan, Chairman and Chief Executive Officer, and Graham Farrar, Board Member and President, instilled at the outset. Through its portfolio of brands, which includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness, Glass House Brands is committed to realizing its vision of excellence: outstanding cannabis products, produced sustainably, for the benefit of all. For more information and company updates, visit www.glasshousebrands.com and https://ir.glasshousebrands.com/contact/email-alerts/.