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Benzinga
Benzinga
Business
Vuk Zdinjak

Glass House Brands To Acquires 3 Natural Healing Center Cannabis Dispensaries

Glass House Glass House Brands

Glass House Brands Inc. (OTCQX:GLASF) (OTCQX:GHBWF) (NEO:GLAS.A.U) (NEO:GLAS.WT.U) has completed definitive agreements to acquire 100% of the equity interests in three retail assets: two operating retail dispensaries and one retail dispensary slated to open in Q3 2022.

The retail dispensaries currently operate under the name Natural Healing Center, a retail dispensary chain in California's Central Coast area. The two operating retail dispensaries had revenue of $15.3 million from April 2021 through March 2022 with EBITDA margins above 20%.

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