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Glass House Brands Raises $14.7 Million With Sale of High-Yielding Preferred Stock and Warrants


Glass House Brands Inc., one of the fastest-growing, vertically integrated cannabis companies in the U.S., today announced the closing of the first tranche of the previously announced non-brokered private placement (the "Offering") of Series B Preferred Stock, face value US$1,000 per share of GH Group, Inc. ("GH Group"), a subsidiary of the Company.


The initial closing of the Offering included approximately US$14.7 million of new money invested and approximately US$22.6 million face value of existing Series A Preferred Stock exchanged for new Series B Preferred Stock. The Company expects to complete the Offering in the next 30 days.


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Seth Yakatan

Seth Yakatan


Known for solutions that yield results, Seth Yakatan has completed or advised on acquisitions and corporate finance transactions totaling over $3 billion. He is CEO of Katan Associates International—a financial strategy and merchant banking firm specializing in commercialization and asset monetization—especially those within life-science and e-commerce sectors.


 

katanassociates.com



Source:

https://www.newcannabisventures.com/eaze-gets-florida-and-colorado-expansion-capital-from-xs-financial/


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