Glass House will acquire Calif. Edibles Co. in a $25.6 million deal

By Katryna Perera (December 20, 2021, 7:34 PM EST) – California-based cannabis cultivator Glass House Brands Inc. announced on Monday that it has reached an agreement to acquire Plus Products Inc., a marijuana edibles company in California, for about $25.6 million.

According to a statement from Glass House, the $25.6 million will be made up of unsecured convertible debt and equity. The transaction is expected to close in the first quarter of 2022.

The release says Plus is the #1 ranked gummy edibles company in California, making its acquisition key to Glass House‘s growth strategy.

Plus has a diverse line of edibles, according to the release, including dual-action sleep and…

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