Venable Represents Glass House Brands Inc. in Its Acquisition of Plus Products, a Leading California Edibles Brand

1 min

Venable LLP represented Glass House Brands Inc., one of the fastest-growing vertically integrated cannabis and hemp companies in the United States, in its acquisition of Plus Products Holdings, Inc., a leading cannabis edibles company based in California.

Glass House acquired Plus for approximately $25.6 million through a combination of unsecured convertible debt and equity, plus additional performance-based consideration. The closing of this transaction establishes Glass House as the only company with a top 5 market position in both the flower and edibles segments in California’s adult-use and medical cannabis market.

The Venable team was led by Matthew Portnoff and included Harry AtlasCarol CalhounCameron ColeAudrey CubizollesJordan FergusonDaria IvanovaJeffrey Ostrager, and Liz Barket Kremser.