Glass House Brands Inc Completes Acquisition of Natural Healing Center Dispensary in Turlock, California
LOS ANGELES– Glass House Brands Inc, a fast-growing cannabis company in the US, has officially closed the acquisition of the Natural Healing Center (NHC) dispensary in Turlock, California. With all local regulatory requirements fulfilled, Glass House Brands will consolidate the financial results of the Turlock store into its financials, starting immediately. The store will begin serving customers at the end of April and the grand opening ribbon cutting ceremony is scheduled for May 19, 2023.
Glass House Brands previously announced the acquisition of three NHC retail assets, two operating retail dispensaries in Lemoore and Morro Bay, and one retail dispensary in Turlock. It was followed by the acquisition of NHC’s flagship Grover Beach dispensary. With the closing of the NHC Grover Beach and Lemoore dispensary acquisitions, and the Morro Bay acquisition, the acquisition of the Turlock dispensary is another major milestone for Glass House Brands.
According to Kyle Kazan, Co-Founder, Chairman, and CEO of Glass House Brands, Turlock is the newest location in the NHC portfolio and is well-positioned for success as one of only three dispensary licenses in a city with a large California State University campus. The NHC team has done an outstanding job building a retail brand consistently recognized for its world-class customer experience.
Vertical integration is a core strength of Glass House Brands’ model, and the company has made significant progress expanding its retail presence in a short period of time. With ten retail locations, Glass House Brands is on its way toward its goal of becoming one of the largest cannabis retailers in the State of California. The company’s expanding footprint provides significant headroom for growing its CPG sales and further improving profitability as it leverages the power of its vertical model.
The Turlock dispensary, located at 3401 W Monte Vista Avenue, is in the primary business district just off the Golden State Highway and minutes from Cal State University Stanislaus. The store offers a convenient shopping environment, knowledgeable staff, and a carefully curated selection of high-quality recreational and medicinal cannabis products, including premium flower, vaporizers, beverages, edibles, and concentrates. Glass House Brands looks forward to providing Turlock customers a world-class shopping experience and the highest quality cannabis at an affordable price.
Hilal Tabsh, Chief Revenue Officer of Glass House Brands, added that the new Turlock store is the third opening in the space of four months, providing the company with a strategic geographic advantage. With Glass House Brands now fully operating four NHC-branded dispensaries in Central and Northern California, the company is set to become one of the largest cannabis retailers in the state.
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