Recent Updates — GLAS
Glass House Brands Inc. reported second quarter 2026 financial results, recording revenue of $47.0 million and a gross profit margin of 34%. The company achieved record biomass production of 245,746 pounds at a cost of $122 per pound, while Adjusted EBITDA turned positive to $5.7 million. These results follow the deconsolidation of its retail operations effective June 12, 2026, which is now accounted for under the equity method. The firm reaffirmed its full-year wholesale cannabis biomass production forecast of approximately 1 million pounds and announced an uplisting to the NYSE alongside a California retail joint venture with Vireo Growth. Glass House Brands Inc. operates in the cannabis industry, focusing on cultivation, processing, and distribution.