Glass House Brands Inc. (OTCPK:GLAS.F) acquired Turlock Dispensary from Natural Healing Center on April 21, 2023. The consideration will be paid 80% in new equity shares priced at the 25-day volume-weighted average price (VWAP) of Glass House equity shares as of the day before the date that the Turlock earnout payment is finally determined, and 20% in the form of an unsecured promissory note bearing interest of 8% annually and maturing after the four year anniversary of the closing date. The equity shares that may be payable to the NHC sellers as part of the Turlock acquisition are subject to certain escrow holdbacks and generally will be paid out over four years following the closing date if all equity shares are released after the holdback periods expire.

Glass House Brands Inc. (OTCPK:GLAS.F) completed the acquisition of Turlock Dispensary from Natural Healing Center on April 21, 2023.