Glass House Brands to Acquire PLUS, a Leading California Edibles Brand

LONG BEACH, Calif and TORONTO, Dec. 20, 2021 (GLOBE NEWSWIRE) — 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., today announced that it has executed a definitive agreement to acquire the business of Plus Products Inc. (“PLUS”), a leading cannabis edibles company in California. Glass House is acquiring PLUS for approximately US$25.6 million1 through a combination of unsecured convertible debt2 and equity, plus additional performance-based consideration (the “Acquisition”). Read More