Glass House Brands is a SPAC that has traded down to $5.00 on funding and pricing concerns, but they recently closed on the acquisition of the 5.5 million square foot Camarillo greenhouse in Ventura California.
We think this is a very interesting opportunity for a pricing, vertical integration, and scale story in California.
Premium Members (sign up here) can read about this opportunity, with both bull and bear cases, valuation, and download a working model driven by capacity pricing and cost assumptions.
As of September 17, 2021, the authors have long positions in Glass House Brands shares. They make no commitment to update holdings in these positions. Please see our About Us page for policies on long positions.
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