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Cannabis Co. Glass House Lands $50 Million Loan With Favorable Terms: Why It Matters For The Industry
Wednesday, March 5, 2025 - 11:44am | 664Glass House Brands Inc. (OTCQX:GLASF) (OTCQX:GHBWF), a leading vertically integrated cannabis company, has secured a $50 million senior secured loan, replacing its existing debt with more favorable terms and extended maturity. The new credit facility, set to mature on January 31, 2030, replaces the...
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California Weed Co. Glass House Brands Reports 32% YoY Q3 Revenue Growth (UPDATED)
Thursday, November 14, 2024 - 9:51pm | 662Editor’s Note: This article has been updated to exclude references to CEO Kyle Kazan's past experience, as they were not directly relevant to the focus of the story. Vertically integrated Glass House Brands Inc. (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX:GLASF) (OTCQX:GHBWF) reported its...
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Glass House CEO Calls For Unity In California Cannabis Market, Optimistic About Federal Reform
Thursday, November 14, 2024 - 9:15pm | 805Speaking at the Benzinga Cannabis Market Spotlight in Anaheim this week, Kyle Kazan, CEO of Glass House Brands (OTC:GLASF), delivered a candid assessment of California’s cannabis industry and shared his strategic outlook on federal cannabis policy. Kazan, a prominent voice in the industry,...
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California Company Led By Ex-Police Officer-Turned- Cannabis CEO Could Pivot Into Hemp Space
Monday, August 19, 2024 - 12:11pm | 701Glass House Brands Inc. (OTCQX:GLASF) (OTC:GHBWF) would likely diversify its business by pivoting into the hemp sector, reported Green Market's John Schroyer, citing the company's leadership. During the second quarter earnings call held on the heels of the company's earnings report last week...
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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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Public Outcry For Cannabis Reform: Will Politicians Listen? Glass House Brands Speaks Out
Friday, August 2, 2024 - 8:56am | 839Glass House Brands (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX:GLASF) is calling for the complete de-scheduling of cannabis in an open letter to leaders of both political parties. Graham Farrar, president of Glass House Brands, along with CEO Kyle Kazan, penned a letter addressed to President...
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Cannabis Companies About To Release Earnings Reports, Get Your News Here: Glass House, Schwazze And More
Wednesday, July 31, 2024 - 12:40pm | 1119With the main financial reporting season taking place in August, let's scroll through the latest updates on the cannabis earnings calendar. To learn more about cannabis stocks, come, join us at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now...
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Legal Win For Glass House: LA Court Dismisses Lawsuit Alleging Illegal Cannabis Dealings
Monday, July 22, 2024 - 12:20pm | 509Glass House Brands Inc. (OTC:GLASF) (OTC:GHBWF) announced on Monday that a California court dismissed a lawsuit accusing the cannabis giant of involvement in the illegal cannabis market. The Superior Court of California in Los Angeles County ruled in favor of Glass House, dismissing the case with...
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LA Court Judge Set To Dismiss Major Lawsuit Against California's Top Cannabis Cultivator
Tuesday, June 25, 2024 - 6:31pm | 837After a tentative ruling released Friday, the Los Angeles Superior Court is expected to dismiss a lawsuit against Glass House Brands Inc. (OTCQX:GLASF) (OTC:GHBWF), which has been accused by a competitor of profiting from the illicit cannabis market in California. The decision came ahead of a...
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California's Corporate Weed Beef: Glass House Withdraws Defamation Suit Against Catalyst Cannabis
Tuesday, May 21, 2024 - 4:18pm | 788The California-based cannabis company Glass House Brands Inc. (OTCQX:GLASF) (OTC:GHBWF) announced Monday the voluntary dismissal of its defamation lawsuit against Catalyst Cannabis Co, a dispensary chain from the same state. Glass House cited concerns about Catalyst's financial viability and the...
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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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EXCLUSIVE — Glass House CEO Advocates For Cannabis Reform: 'Call Congress, The President... People Are Sitting In Prison'
Wednesday, May 1, 2024 - 9:38am | 552At the recent Benzinga Cannabis Capital Conference, Kyle Kazan, CEO of Glass House Group, emphasized the critical issues facing the cannabis industry in the U.S. today. He expressed his appreciation for the conference’s role in promoting cannabis discussions, pointing out the stark contrasts...
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EXCLUSIVE: CEO Of This California Company Has Advice On How To Beat The Illicit Cannabis Market, Shares His Formula At Benzinga Conference
Tuesday, April 16, 2024 - 12:32pm | 600Being locked up in prison for cannabis "has to end," said Kyle Kazan, Glass House Brands Inc.‘s (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX:GLASF) (OTCQX:GHBWF) CEO and chairman, who stressed that many people are still sitting in federal prison, "living in cages" for a plant. Kazan urged...
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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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EXCLUSIVE: Glass House CEO Says 'Legalizing Cannabis Isn't Just About The Economy, It's About Righting Past Wrongs'
Thursday, February 22, 2024 - 3:44pm | 659As California’s cannabis industry grows, industry leaders like Kyle Kazan‘s experiences are priceless for understanding this market’s unique challenges and opportunities. At the Benzinga Cannabis Market Spotlight: California on Thursday, Kazan, CEO of Glass House Brands, shared...