Glass House secures loan of up to $100M to retrofit Camarillo greenhouses for cannabis
A few months after purchasing the Houweling’s Tomatoes property in Camarillo, cannabis grower Glass House Group has secured the funding necessary to upgrade the greenhouse facility. Glass House announced Dec. 13 it has acquired a senior secured term loan agreement with a U.S.-based private credit investment fund for up to $100 million, with an initial Read More →
Glass House reports revenue growth but more losses as it converts massive Camarillo greenhouses
Glass House Brands, a cannabis grower in Santa Barbara and Ventura counties and retailer and wholesaler statewide, saw both its revenue and net losses grow in the third quarter. Glass House, which has its headquarters in Long Beach but most of its operations on the Central Coast, delivered revenue of $17.2 million in the third Read More →
Unlicensed Ventura cannabis retailer to pay $75K fine
The Ventura County District Attorney’s Office announced a settlement Oct. 26 that will require Green Bee Collective to pay $75,000 in civil penalties and restitution for operating an unlicensed cannabis delivery business in Ventura from 2014 through 2019. Green Bee Collective was operated by Darius Bryan Behamata and Samantha Paige Harpoff-Alverson, who were also named Read More →
Jay-Z’s cannabis company buys Santa Barbara dispensary operator
Coastal Holdings Company, a Santa Barbara-based cannabis dispensary and delivery operator, was purchased by The Parent Company, a publicly traded cannabis firm backed by the rapper Jay-Z, in a deal worth as much as $56.2 million. According to details of the transaction, which The Parent Company announced Oct. 4, The Parent Company is seeking to Read More →
Carpinteria cannabis growers strike deal over odor control
In a joint effort to address cannabis odor in the Carpinteria Valley, the main industry and community groups working on the issue say they’ve reached an agreement that ensures cannabis growers will cooperate with local residents to control the crop’s smell. The agreement was finalized Aug. 20 between the Cannabis Association for Responsible Growers, or Read More →
Glass House Brands reports Q2 loss, growing revenue as it plans expansion into Ventura County
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Two cannabis growers in Santa Barbara County to pay environmental fines
The Santa Barbara County District Attorney’s Office has settled cases against two cannabis growers for violating environmental laws. Both settlements were announced Aug. 17. The first was with 805 Agricultural Holdings, which will pay $40,000 in civil penalties to a variety of state and county agencies. The fines settle a complaint that the grower “unlawfully Read More →
