/ olesenwagner's Library/ Notes/ The smart Trick of Glass House Farms' virtual tour shows off today's best in That Nobody is Talking About
The smart Trick of Glass House Farms' virtual tour shows off today's best in That Nobody is Talking About
from web site
Examine This Report on Glass House Farms - Shop The Menu
If I'm Anheuser Busch or Phillip Morris, I'm searching for management quality and size and scale. I have to think that Glass Home is my very first call. Additional Info of business for Glass House will be to control the biggest market in the U.S., which is California. The state's cannabis market is two times the size the second biggest, Colorado.
Absolutely nothing in their existing plan needs or counts on it, however if it does happen, the advantage will become genuinely extraordinary. The optionality behind Glass House is what is so appealing. At $10 per share, Glass Home has an approximate business worth of less than $700 million. And that enterprise value is with Glass Home owning all of its real estate outright.
My single finest financial investment last year was not just purchasing AYR Wellness (Canada: AYR, OTC: AYRWF) at $4. 50, but likewise buying AYR warrants for $1. Every SPAC (Unique Function Acquisition Corporation) generally has both publicly traded typical units and warrants that transform at a price of $11. 50 per share (in some cases the numbers change).
As a suggestion the exact same SPAC team behind AYR is behind the Mercer Park/Glass House mix. Not only are the Mercer Park common units engaging however owning a warrant (Canada: BRND.wt, OTC: MRCWF) that does not expire for five years for this management group with an irreplaceable greenhouse asset resembles having a practically free call choice on the future of cannabis.
4 Simple Techniques For Graham Farrar - The Grow Summit
I have actually been skeptical about a few cannabis business and SPACs in general, but a scenario like Glass Home is how a SPAC can really develop worth. They are taking a remarkable management team and supercharging it with an irreplaceable property that can be scaled. The Glass House Group are rolling in their entire company and only accepting stock, and each and every single worker in the business has actually been granted stock alternatives.
As investors learn more about this management group and this extraordinary greenhouse, I anticipate this SPAC to do the reverse of the majority of SPACs, which speculatively pop and then fade. I like living in Santa Barbara, however never ever expected living here would be a competitive benefit. Sophisticated investors in Santa Barbara are loading up.
