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Size Matters: Glass House's 150,000-Pound Harvest Drives Record $53.9M Revenue In Q2 2024
Wednesday, August 14, 2024 - 9:13am | 415Glass House Brands (OTC: GLASF) reported a record-setting second quarter for 2024, with revenue reaching $53.9 million, marking a 21% year-over-year increase. Q2 Highlights Gross profits also saw a significant rise, hitting $28.7 million, up from $24.4 million in Q2 2023, though the gross...
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Glass House Cannabis Brands Exceeds Q1 2024 Guidance In Cash, Sales, Production And EBITDA
Tuesday, May 14, 2024 - 7:27pm | 454Glass House Brands Inc. (OTC: GHBWF) reported financial results for Q1 2024 with a revenue of $30.1 million, a 9% increase year-over-year. Biomass production reached 61,334 pounds, a 28% increase from the previous year, despite no expansion in cultivation footprint. Glass House specializes in...
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Cannabis Company Glass House Reports: 89% Increase In Revenue, Aims For $50 M Profits In 2024
Thursday, March 28, 2024 - 11:23am | 582Glass House Brands Inc. (OTC: GHBWF), a vertically integrated cannabis firm in California, revealed an 89% surge in annual revenue to $160.8 million, setting a new record. In the fourth quarter, revenue climbed 35% to $40.4 million, marking the fourth straight quarter of positive adjusted EBITDA at...
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Cannabis Stocks With Hidden Potential: A Closer Look At Attractively-Valued Tier-2 Firms
Friday, December 8, 2023 - 6:36pm | 623In a comprehensive report by Viridian Capital Advisors, the spotlight is on the valuations of companies within the U.S. cultivation and retail sector, specifically those boasting market caps ranging from $100 million to $500 million —commonly referred to as ‘Tier 2’ enterprises....
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Women Cannabis Law Attorney Joins Glass House Brands' Board Of Directors To Drive Industry Expertise
Wednesday, November 8, 2023 - 6:34pm | 579Glass House Brands Inc. (NEO: GLAS.A.U) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF) has appointed Yelena Katchko, a partner and founding partner at Katchko, Vitiello & Karikomi, PC, to its Board of Directors, effective immediately. Kyle Kazan, co-founder, chairman, and CEO of Glass House,...
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'Best Q2 in Our History' Glass House Brands Reports Record Results, Gross Margin Above 50%
Monday, August 14, 2023 - 11:12pm | 538Glass House Brands Inc. (OTCQX: GLASF) (OTC: GHBWF), a vertically integrated cannabis company in the U.S., released Monday its financial results for the second quarter concluding on June 30, 2023. "The best Q2 in our history. Record cash flow, positive EBITDA," Kyle Kazan, co-founder,...
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Turning 15 Years Of Imprisonment Into Cannabis Advocacy, Luke Scarmazzo Shares His Vision
Monday, July 17, 2023 - 3:49pm | 762"It’s been a surreal kind of whirlwind," said Luke Scarmazzo, brand & justice ambassador for Glass House Brands Inc. (OTCQX: GLASF), 67 days after serving a 15-year prison sentence for cannabis-related offenses. Where? At the latest Benzinga Cannabis Capital Conference in Miami...
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Glass House Brands' Net Sales Increase 108% To $29M, Exceeds Production, Revenue And Margin Guidance
Monday, May 15, 2023 - 10:34pm | 470Glass House Brands Inc., (OTC: GLASF) (OTC: GHBWF) a leading cannabis company in the U.S., announced its financial results for the first quarter ending March 31, 2023, late on Monday. The company anticipates substantial growth in revenues, profitability and shareholder value,...
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EXCLUSIVE: 'Elected Officials Need To Do What They Promised,' Big Cannabis CEO Tells Congress, White House
Thursday, March 2, 2023 - 10:18am | 3315In January, Kyle Kazan, co-founder, chairman, and CEO of Glass House Brands (OTC: GLASF), one of the fastest-growing, vertically integrated cannabis companies in the U.S., posted on social media a video of himself asking President Joe Biden to pardon all 2700 cannabis federal prisoners....
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Several Cannabis Operations Temporarily Shut Down Due To CA Weather Disaster
Wednesday, January 11, 2023 - 4:59pm | 409Several cannabis operators throughout California are hurting due to the most recent superstorm, with some companies reporting product losses due to heavy rains that damaged their crops, reported MJBizDaily. Road closures and dangerous conditions — including 16 inches of rain in Ventura...
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Cannabis Earnings: Glass House Brands Reports Third Quarter 2021 Financial Results
Thursday, November 11, 2021 - 7:36pm | 529Glass House Brands Inc. (NEO: GLAS.A.U) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTC: GHBWF), a vertically integrated cannabis company, reported its financial results Thursday afternoon for the third-quarter ending September 30, 2021. Third Quarter 2021 Highlights Net Sales increased 29% to $17....