Glass House Brands reiterates its full year 2026 forecast for approximately 1T of wholesale cannabis biomass production and a $95 per pound annual production cost target.
Bullish
Glass House Brands is poised for growth with DEA registration for medical operations and completed Greenhouse 2 expansion, supported by a stronger cash balance and strategic partnerships.
Bearish
Glass House Brands experienced significant gross margin compression and negative Adjusted EBITDA, alongside increased production costs and lower selling prices, while also facing potential equity dilution.