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GrowthStalk Holdings Corp. Acquires 40% of Hash RX, Securing a Category-Leading Solventless Platform and Proven Operating Leadership
Globenewswire· 2025-12-22 13:45
Core Insights - GrowthStalk Holdings Corp. has acquired a 40% equity stake in Hash, a solventless cannabis producer in Oklahoma, which aligns with the company's strategy to build a scalable, vertically integrated cannabis platform [1][2] Group 1: Strategic Importance of the Acquisition - This acquisition marks a strategic inflection point for GrowthStalk, providing direct ownership in a premium processing platform that has shown strong performance in a competitive market [2] - Hash RX has demonstrated resilience in a challenging environment, consistently outperforming competitors despite compressed wholesale prices [3] Group 2: Operational Excellence and Leadership - Hash RX is recognized for its technical innovation and operational efficiency, making it an ideal asset for GrowthStalk [3] - The management team at Hash RX, led by founder and CEO Joseph Neihart, brings extensive experience in cultivation, extraction, and operations, which is viewed as a strategic advantage for GrowthStalk [4][5] Group 3: Future Industry Positioning - The cannabis industry is expected to consolidate, and GrowthStalk believes that long-term success will be driven by cost leadership and execution depth [6] - The integration of GrowthStalk and Hash RX is designed to enhance operational capabilities across various functions, including cultivation and supply chain management, positioning the company for future growth [6][8]
Glass House Brands and LEEF Announce MSA for The Leaf El Paseo Dispensary and Off-Take Agreement
Globenewswire· 2025-05-14 11:45
Core Insights - Glass House Brands Inc. has entered into a Management Services Agreement with LEEF Brands, allowing Glass House to manage LEEF's Palm Desert dispensary, "The LEAF El Paseo" [1][2][3] - The agreement grants Glass House exclusive rights to manage all dispensary operations for an initial period of one year, with potential for extension [2] - This partnership enables Glass House to expand its retail operations in California while allowing LEEF to focus on its core business as a concentrate provider [3] Company Overview - Glass House Brands is recognized as one of the fastest-growing, vertically integrated cannabis companies in the U.S., with a strong focus on the California market [5] - The company operates a range of brands, including Glass House Farms and PLUS Products, and has a network of retail dispensaries throughout California [5] - LEEF Brands is a leading extraction and manufacturing cannabis company in California, known for its large-scale vertical integration and sophisticated operations [6]