Earnings ·
Glass House Brands anticipates Q3 revenue of $56.8M and record biomass production
GLASGlass House Brands Inc.
Glass House Brands announced preliminary third-quarter results ending September 30, 2026, anticipating revenue of $56.8 million and record biomass production of approximately 317,000 pounds. The company reported a cost of production of roughly $110 per pound and an average selling price of $150 per pound, resulting in gross profit of $14.9 million. Additionally, the firm raised $28 million through its at-the-market offering program and warrant exercises during the quarter, ending with cash and equivalents of $39.7 million. Director John "Jay" Nichols Jr. also resigned from his position. Glass House Brands operates in the cannabis industry, focusing on cultivation and distribution.