Glass House Group announced a $100M debt deal. This is huge news for the company. This financing deal takes out the major concern around closing the SoCal greenhouse asset purchase. Also this gives the company access to cash that it can use to acquire assets in California on cheap valuations.
The deal is non dilutive. There are 2M warrants at $11.50 associated with this deal. In a bear market for cannabis producers in California, getting a financing deal done with such terms is really superb job my management.