Recent Updates — GLASF
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 preliminary third-quarter revenue of $56.8 million and record biomass production of approximately 317,000 pounds. Cost of production fell to $110 per pound from $122 in the prior quarter, while gross profit was $14.9 million. The company raised $18 million through its At-The-Market offering program and maintains full-year production guidance of approximately 1 million pounds. Additionally, director John Nichols Jr. resigned from the board. Glass House operates as a cannabis cultivation and distribution company in California.
Glass House Brands announced the planned retirement of Chief Financial Officer Mark Vendetti on September 29, 2026. Mr. Vendetti will remain in his role through March 31, 2027, while the company initiates a search for his replacement. He joined the firm as CFO in 2021. Glass House Brands Inc. operates in the cannabis industry.
Glass House Brands Inc. announced the planned retirement of Chief Financial Officer Mark Vendetti, effective March 31, 2027. Mr. Vendetti will remain in his role through that date to ensure a smooth transition while the company initiates a search for his successor. He has served as CFO since joining the executive team five years ago. Glass House Brands Inc. operates in the cannabis industry, focusing on producing and distributing cannabis products primarily in California.
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.