Glass House: Glass Problems
Glass House has collapsed following the close of a SPAC transaction with Mercer Park Acquisition. The company plans to cultivate up to 6.0 million sq. ft of greenhouse space in the highly competitive California market. The stock has a limited market cap now, but the company has an unappealing business model focused on large scale cannabis cultivation. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street. Learn More » Glass House Brands ( OTC:GLASF ) has fallen victim to a couple of negative trends: SPACs and cannabis in general. While these trends are hurting the stock, the biggest problem is a focus on consolidating the highly competitive California cannabis market. My investment thesis is Neutral on the stock due to this focus of repeating the issues of the Canadian cannabis market. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details. U...