Glass House Brands Completes Acquisition Of Plus, A Leading California Edibles Brand
Acquiring Company
Glass House Brands
Acquired Company
PLUS
Long BeachCommunity And LifestyleFood and BeverageCommunity And LifestyleHealth CareDescription
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.
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Frequently asked
Who acquired PLUS?
PLUS was acquired by Glass House Brands, based in Long Beach. The deal was reported on April 29, 2022. Glass House Brands is publicly traded (GLAS) and operates in Community And Lifestyle.
When did Glass House Brands acquire PLUS?
Glass House Brands's acquisition of PLUS was reported on April 29, 2022. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does PLUS do?
PLUS is a cannabis and hemp food company focused on using nature to bring balance to consumers' lives. PLUS's mission is to make cannabis safe and approachable – that begins with high-quality products that deliver consistent consumer experiences. It is privately held, operating in Food and Beverage.
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