US (CA): Cannabis grower paid $93M for former Houweling's greenhouses. Here's what's next

One of the largest cannabis growers in Santa Barbara County has begun renovating the former Houweling Nurseries Oxnard greenhouse facility near Camarillo to prepare for its next cash crop.  

Glass House Brands closed on the property last month and paid $93 million for the 5.5 million-square-foot greenhouse facility, according to Tori Rusko, a spokesperson for the cannabis grower.

Glass House Brands is already growing vegetables in four of the six greenhouses on the property, said company President Graham Farrar. The remaining greenhouses are currently being outfitted to grow cannabis. Farrar said he expects to plant the first crop of cannabis early next year. 

Houweling Nurseries Oxnard Inc. had been leasing the facility from Equilibrium Capital since 2019, but the investment firm decided to sell the facility instead of renewing the lease, said David Bell, chief marketing officer of Houweling's Group, in August.


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