Glass House Brands Acquires PLUS, a California Edibles Brand
December 20, 2021
Glass House Brands Inc. executed a definitive agreement to acquire PLUS (Plus Products Inc.), a leading California cannabis edibles brand, for approximately US$25.6 million via a mix of unsecured convertible debt and equity plus performance-based consideration. The deal, to be completed under a plan in the context of PLUS' CCAA proceedings, is expected to close in Q1 2022 and expands Glass House's product portfolio and distribution in the high-growth edibles category.
- Buyers
- Glass House Brands Inc.
- Targets
- Plus Products Inc. (PLUS)
- Industry
- Consumer Products
- Location
- California, United States
- Transaction Type
- Buyout
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