Mercer Park Brand Acquisition has entered into a definitive agreement to acquire Glass House Group, a vertically integrated, California-based cannabis company, for approximately $567 million. Pending shareholder approval, the combined company would be the largest branded cannabis platform in California.
Glass House shareholders will roll over 100 percent of their combined equity into the merged enterprise.
Shares of the combined company will list on the NEO Exchange under GLAS.U. The transaction is expected to close in the second quarter.
Glass House cannabis operations include cultivation and wholesale, and retail licenses. Read more.
