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)
Location
California, United States
Transaction Type
Buyout

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