Glass House Closes On Another Natural Healing Center Dispensary – Green Market Report

Glass House Brands (OTCQX: GLASF) is a step closer to shoring up its M&A grabs.

The company closed on its acquisition of the Natural Healing Center (NHC) dispensary located in Morro Bay, California, after being granted local regulatory approvals. Consolidation of the financial results of the Morro Bay store into Glass House’s financials will be effective immediately, so Glass House will end the third quarter with seven retail dispensaries.

Glass House said in May that it had reached definitive agreements to acquire 100% of the equity interests in three Natural Healing Center retail assets in California: two operating dispensaries in Lemoore and Morro Bay, as well as one retail dispensary in Turlock scheduled to open in the fourth quarter.

The company closed on the NHC Grover Beach and Lemoore dispensaries last week.

Glass House’s CEO previously said this year that it would embark on an aggressive acquisition spree this year.

“As we stated when announcing the execution of definitive agreements for the NHC transaction, this acquisition will advance us further in our goal of becoming one of the largest retailers in the state of California, adds further support to our recently acquired PLUS edibles business and provides incremental outlets for CPG sales as the SoCal farm

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