Glass House Brands Inc. (E:GLAS.A.U)
Business Focus: Cannabis Product Retailers
Mostly sunny as of May 01, 2024
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Insider Filings
Latest 10 SEDI filings for GLAS within the last 6 months
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Company News
May 16, 2024 08:00 ET
Glass House Brands to Participate in the 8th Annual Canaccord Genuity Global Cannabis Conference on May 23rd in NYC
LONG BEACH, Calif. and TORONTO, May 16, 2024 /CNW/ - Glass House Brands Inc. ("Glass House" or the "Company") (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF), one of the fastest-growing, vertically integrated cannabis companies in the U.S., today announced that its Co-Founder, President and Board Director Graham Farrar, Chief Financial Officer Mark Vendetti, and Vice President of Investor Relations John Brebeck will participate in the Canaccord Genuity 8th Annual Global Cannabis Conference to be held on May 23, 2024 in New York, NY.
May 14, 2024 16:05 ET
Glass House Brands Reports First Quarter 2024 Financial Results
First Quarter 2024 Revenue was $30.1 million, exceeding guidance and up 9% year-over-year Biomass production reached 61,334 pounds in Q1, ahead of guidance and up 28% year-over-year with no expansion in cultivation footprint Cost per Equivalent Dry Pound of Production(1) was $182 per pound, a 7% decrease versus Q1 2023 Finished the First Quarter with a cash balance of $24 million Greenhouse 5 is now running at full capacity and will have its first full quarter of production and sales in Q2 of this year. Q2 2024 revenue projected to achieve a new record high of between $52 million to $54 m
Valuation Ratios
Industry
Sector
Beta
--
--
--
Price to Sales - TTM
3.72
3.57
3.08
Price to Book - most recent quarter
8.14
2.71
2.01
Price to Cash Flow per share - TTM
--
10.99
9.72
Price to Free Cash Flow per share - TTM
130.47
21.17
15.24
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 30, 2024 | 26,684 | -9,082 |
| Apr 15, 2024 | 35,766 | 26,035 |
| Mar 31, 2024 | 9,731 | -13,277 |
Business Summary
| Sector: Consumer Non-Cyclicals | Industry: Drug Retailers |
Glass House Brands Inc. is a vertically integrated cannabis company. The Company, through its subsidiaries, cultivates, manufactures, and distributes cannabis bulk flower and trim to wholesalers and consumer packaged goods (CPG) to third-party retail stores in the state of California. The Company also owns and operates retail cannabis stores in the state of California. Its products include raw cannabis, cannabis oil and cannabis CPG. Its portfolio of brands includes Glass House Farms, PLUS Products, Allswell, Forbidden Flowers, and Mama Sue Wellness. Its retail landscape consists of approximately nine stores across California, including The Pottery, Farmacy and natural healing center (NHC). The Company's Farmacy branded dispensaries are located in Santa Barbara, Santa Ana and Berkeley, California. It operates multiple greenhouse cultivation facilities located in Carpinteria and Camarillo, California, and its manufacturing production facilities are located in Lompoc, California.
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