LOS ANGELES, December 21, 2021 – WhiteHawk Capital Partners, LP (“WhiteHawk”), a private credit investment manager, announced it has entered into an agreement with Glass House Brands, Inc. (“Glass House”) (NEO: GLAS.AU) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF) to provide a $100 million senior term loan facility. The facility will support the construction and retrofit program of Glass House’s newly acquired 5.5 million square foot greenhouse facility located in Southern California.
Glass House Brands is one of the largest, vertically integrated cannabis companies in California. The company cultivates, manufactures, and distributes cannabis wholesale flower and branded consumer packaged goods to resellers and retail dispensaries in California.
We are excited to partner with Glass House and their management team to provide a flexible financing solution in support of their growth trajectory, as they continue to strengthen their market-leading position in California.
“WhiteHawk proposed the most appropriate financing structure to achieve our growth plan, and we appreciated their creativity and ability to move quickly throughout this process. We welcome
their support as we continue to grow our business and execute on our plans going forward.” said Kyle Kazan, Chief Executive Officer of Glass House Brands.
WhiteHawk Capital Partners is a private credit investment manager focused on asset-based financing solutions primarily to middle market public and private companies across a variety of industries. WhiteHawk provides senior secured financings under a variety of structures for purposes of refinancing, recapitalization, growth, acquisition, restructuring, bridge and DIP/emergence.