GH GROUP, INC. AND MERCER PARK BRAND ACQUISITION CORP. COMPLETE DE-SPAC TRANSACTION, CREATING THE LARGEST CANNABIS BRAND-BUILDING PLATFORM IN CALIFORNIA
Creates a Highly Expansive, Fully Integrated Cannabis Business in California, the World's Largest Cannabis Market
Long-term Cultivation Expansion to 6 Million ft2 of State-of-the-Art Greenhouse Represents by Far the Largest Capacity of Any Cannabis Operator in the U.S.
Retail Footprint Expected to Reach 23 Operational Dispensaries by H1 2022, More Than Double the Next Largest Retail Operator
Current Brand Portfolio Includes Glass House Farms – the #2 Ranked Flower Brand in California (YE2020 per BDS Analytics), as well as Forbidden Flowers and Mama Sue
Glass House is one of the fastest-growing cannabis brands in California, the world’s largest market for legal marijuana. The vertically integrated company operates approximately 500,000 square feet of cultivation greenhouses in Santa Barbara County, making it the largest producer of cannabis in California and the second-highest selling flower brand in the state, according to data from BDS Analytics. Glass House’s portfolio also includes manufacturing and distribution capacity as well as Forbidden Flowers, Bella Thorne’s brand targeted at Millennial and Gen-Z women, and Mama Sue from activist Sue Taylor, a company focusing on cannabis tinctures for a more mature segment of the market.
Pre-rolls from Bella Thorne's cannabis brand Forbidden Flowers.
PHOTO COURTESY OF GLASS HOUSE BRANDS
“With one of the strongest retail and wholesale networks in our industry combined with best-in-class cultivation processes and our scaled and highly efficient cost structure, we are exceptionally well-positioned to capitalize on the growing statewide and national consumer packaged goods opportunity,” Glass House chairman and CEO Kyle Kazan said in a statement from the company last month. “We look forward to leveraging our leadership position in California to introduce high-quality, sustainably grown, craft cannabis to the market to support the health and enjoyment of our consumers, as well as our environment and our community.”