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Announced

Completed

Glass House Brands completed the acquisition of PLUS from Gotham Green Partners for $40m.

Financials

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Transaction Value£33m
Consideration TypeContingent Deferred Consideration, Cash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Friendly

Completed

hemp food products

Majority

United States

Private

cannabis products

Food Products

Single Bidder

Private Equity

Synopsis

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Glass House Brands, a vertically integrated cannabis and hemp company, completed the acquisition of PLUS, a cannabis and hemp food company, from Gotham Green Partners, a private equity firm, for $40m. "We developed PLUS with the vision of being part of the strongest brand platform in cannabis, and we are realizing that vision by joining Glass House. Our mission to make cannabis safe and approachable, with high-quality products that deliver consistent consumer experiences, is perfectly aligned with Glass House's reputation for providing outstanding cannabis products, produced sustainably, for the benefit of all. We are looking forward to working with Glass House to continue to pursue this shared goal," Jake Heimark, PLUS Co-Founder and CEO.

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