California’s Largest Greenhouse Cannabis Grower Finalizes Latest Expansion
September 16, 2021 
Glass House Group, one of the fastest-growing vertically integrated cannabis and hemp companies in the U.S., has completed its previously announced acquisition of an approximately 5.5 million square-foot greenhouse facility located in Southern California.
The facility features approximately 160 acres of agricultural property located in Ventura County, CA, with 125 acres of ultra-high-tech and efficient KUBO Ultra-Clima greenhouses, on-site well, water treatment facilities, automated roof washing system, supplemental lights, and natural gas cogeneration facilities producing power, heat, and CO2.
Phase 1 of the SoCal Facility retrofit will include the conversion of two greenhouses and two packhouses totaling approximately 1.7 million square feet and is expected to be completed in the first quarter of 2022, with initial planting expected to follow shortly thereafter, contingent on regulatory approval.
Planned upgrades include:
- Installation of black-out curtains, ebb and flood floors, high-density gutter system, dry rooms, and processing facilities
- Upgraded HVAC system to further optimize climate conditions
- Automated nutrient delivery and irrigation systems
The initial Phase 1 capacity is expected to conservatively produce more than 180,000 dry pounds of sellable cannabis, representing a more than 300% increase from its current capacity.
“We are thrilled to officially close escrow after significantly reducing the price which will keep an additional $25 million of cash on our balance sheet which is essentially debt-free today,” says Kyle Kazan, Glass House Group Chairman and CEO. “We can now commence the first phase of the facility’s conversion and licensing, which will dramatically increase our cultivation capacity. This milestone, together with our market-leading brand portfolio, which includes our Glass House Farms flower brand which was recently ranked the #1 in flower brand in the state of California in July, an improvement from the #2 position that we finished 2020 at (per BDS Analytics), and our extensive planned retail footprint has positioned us to lead the world’s largest cannabis market.”
The massive Southern California facility has the scale and the tools necessary to combine the highest quality with the lowest cost of production along with sustainable, environmentally friendly, and responsibly grown craft cannabis, Kazan says.
“The Southern California facility is an absolute unicorn and will give us the ability to produce the highest quality cannabis at the lowest possible cost. This should allow us to thrive no matter what the competitive environment looks like” said Chief Cannabis Officer Graham Farrar, “The market is already responding to Glass House quality, as evidenced by our #1 market position. This new greenhouse will allow us to take that to another level and scale. We look forward to leveraging our supply chain and retail to replicate this success across more brands and categories. The entire team has been chomping at the bit to get started. An amazing greenhouse facility, in an ideal climate, with a fantastic team, we couldn’t ask for anything more.”
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