All about Glass House Farms - The New Smoker
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The 2-Minute Rule for Glass House Farms: Potent Cannabis for the Intellectual
If I'm Anheuser Busch or Phillip Morris, I'm searching for management quality and size and scale. Solution Can Be Seen Here need to believe that Glass House is my first call. The first agenda for Glass House will be to dominate the biggest market in the U.S., which is California. The state's cannabis market is two times the size the 2nd largest, Colorado.
Nothing in their existing plan needs or rely on it, but if it does occur, the advantage will end up being truly amazing. The optionality behind Glass Home is what is so appealing. At $10 per share, Glass House has an approximate business worth of less than $700 million. Which enterprise value is with Glass House owning all of its real estate outright.
My single best investment last year was not only purchasing AYR Health (Canada: AYR, OTC: AYRWF) at $4. 50, but also purchasing AYR warrants for $1. Every SPAC (Unique Function Acquisition Corporation) typically has actually both publicly traded common units and warrants that transform at a rate of $11. 50 per share (in some cases the numbers modification).
As a tip the same SPAC team behind AYR is behind the Mercer Park/Glass House mix. Not only are the Mercer Park typical systems compelling however owning a warrant (Canada: BRND.wt, OTC: MRCWF) that doesn't end for five years for this management group with an irreplaceable greenhouse property is like having a nearly free call choice on the future of cannabis.
Excitement About Glass House Brands to Acquire PLUS, a Leading California
I've been skeptical about a few cannabis business and SPACs in general, but a scenario like Glass Home is how a SPAC can really develop value. They are taking a superior management group and supercharging it with an irreplaceable property that can be scaled. The Glass Home Group are rolling in their entire business and just accepting stock, and each and every single staff member in the company has actually been given stock choices.
As investors are familiar with this management group and this amazing greenhouse, I expect this SPAC to do the reverse of most SPACs, which speculatively pop and after that fade. I like residing in Santa Barbara, but never expected living here would be a competitive advantage. Sophisticated investors in Santa Barbara are loading up.
