Announced
Completed
Financials
Tags
Acquisition
Domestic
Friendly
Completed
hemp food products
Majority
United States
Private
cannabis products
Food Products
Single Bidder
Private Equity
Synopsis
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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