Glass House Brands Inc. (OTCQX:GLASF) (QTCQX:GHBWF) (NEO:GLAS.A.U) (NEO:GLAS.WT.U), has been granted all local regulatory approvals for its acquisition of the Natural Healing Center (NHC) dispensary located in Morro Bay, California, and that the transaction has officially closed. With the closing of the Morro Bay dispensary transaction, Glass House will finish Q3 with 7 retail dispensaries.
On May 12, 2022, Glass House announced that it had executed definitive agreements to acquire 100% of the equity interests in three Natural Healing Center retail assets: two operating retail dispensaries (Lemoore and Morro Bay) and one retail dispensary (Turlock) scheduled to open in Q4 2022. This was followed by the announcement on August 11, 2022 that Glass House had entered into an agreement to buy NHC's flagship Grover Beach dispensary and by an announcement on September 7, 2022 that Glass House had closed the NHC Grover Beach and Lemoore dispensary acquisitions.
