M&A Deal Summary

Glass House Group Acquires Plus

On December 20, 2021, Glass House Group acquired consumer products company Plus for 26M USD

Acquisition Highlights
  • This is Glass House Group’s 2nd transaction in the Consumer Products sector.
  • This is Glass House Group’s largest (disclosed) transaction.
  • This is Glass House Group’s 2nd transaction in the United States.
  • This is Glass House Group’s 2nd transaction in California.

M&A Deal Summary
Date 2021-12-20
Target Plus
Sector Consumer Products
Buyer(s) Glass House Group
Deal Type Add-on Acquisition
Deal Value 26M USD

Target

Plus

Walnut, California, United States
website
Plus is a cannabis and hemp food company focused on using nature to bring balance to consumers’ lives. Its mission is to make cannabis safe and approachable that begins with high-quality products that deliver consistent consumer experiences. Plus is headquartered in San Mateo, California.

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Buyer(S) 1

Buyer

Glass House Group

Long Beach, California, United States

website

Category Company
Sector Agriculture
DESCRIPTION

California Cannabis Enterprises, Inc. is a vertically-integrated supplier and branding company for cannabis products. Glass House Group family of eco-friendly, community-conscious cultivation, manufacturing, brands and retail locations bring to market the finest strains of cannabis and hemp using cutting-edge technologies and environmental sensibility to deliver uncompromising craft-quality strains, flower, extracts, pre-rolls, vaporizers, cartridges, and future products. California Cannabis Enterprises, Inc. is based in Long Beach, California.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 F/ELD

Los Angeles, California, United States

F/ELD is a cannabis company that manufactures premium cannabis products.

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