Glass House Brands Inc., one of the fastest-growing vertically-integrated cannabis companies in the U.S., has officially closed its acquisition of the Natural Healing Center (NHC) dispensary in Turlock, California. The consolidation of financial results of the Turlock store into Glass House’s financials will begin effective immediately, and the store will start serving customers by the end of April. The grand opening ribbon-cutting ceremony is scheduled for Friday, May 19, 2023, at 10:00 am PT.
Glass House Brands Inc. Completes Acquisition of Natural Healing Center Dispensary
The announcement of Glass House Brands Inc. closing the acquisition of the Natural Healing Center (NHC) dispensary in Turlock, California, marks a major milestone for the company. The move is part of Glass House’s expansion plan, which aims to become one of the largest cannabis retailers in the State of California.
Vertical Integration: A Key Strength of Glass House’s Model
Vertical integration is a core strength of Glass House’s business model, and the company has made significant progress expanding its retail presence in a short period of time. At the start of 2022, Glass House had only three locations. But the company quickly purchased the remaining 50% interest in The Pottery dispensary in July and closed on the four NHC locations, including Turlock, starting in mid-August. The company opened the Farmacy Isla Vista in December and the Farmacy Santa Ynez in January. With the acquisition of Turlock, Glass House now operates ten retail locations, providing significant headroom for growing its CPG sales and further improving profitability as it leverages the power of its vertical model.
Turlock: A Strategic Geographic Advantage for Glass House
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. Glass House’s newest retail store in Turlock is the third opening in the space of four months. The company now fully operates four NHC-branded dispensaries in Central and Northern California, providing Glass House with a strategic geographic advantage. Glass House‘s expanding footprint allows the company to offer its customers a world-class shopping experience and the highest quality cannabis at an affordable price.
Valnette Garcia and the NHC Team
Glass House Co-Founder, Chairman, and CEO, Kyle Kazan, spoke highly of Valnette Garcia and the NHC team, who have done an outstanding job building a retail brand consistently recognized for its world-class customer experience. In 2021, the other stores Glass House acquired from NHC – Grover Beach, Morro Bay, and Lemoore – were all named “Best Cannabis Dispensary” in their respective areas by Weedmaps.
Convenient Location, Carefully Curated Selection
The new Natural Healing Center dispensary is located at 3401 W Monte Vista Avenue in Turlock, California, 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.
Conclusion
The acquisition of the Natural Healing Center dispensary in Turlock, California, is a significant milestone for Glass House Brands Inc. The move is part of the company’s expansion plan, which aims to become one of the largest cannabis retailers in the State of California. With ten retail locations and a strategic geographic advantage, Glass House can provide customers with a world-class shopping experience and the highest quality cannabis products.
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