Recent Updates — GLAS

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.

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.