Glass House Q1 net loss widens to $17.01 million; revenue falls 9.6% to $40.52 million

  • Glass House Brands posted Q1 revenue of USD 40.5 million, down 9.6% from a year earlier; net loss widened to USD 17.01 million from USD 10.01 million.
  • Gross margin slid to 25% from 45% a year earlier, while operating cash flow turned to an outflow of USD 11.76 million from an inflow of USD 2.47 million.
  • Equivalent dry pound production edged down to 151,531 pounds from 152,568 pounds a year earlier; cost per equivalent dry pound of production jumped to USD 175 from USD 108.
  • Company submitted applications for DEA registration to fully operate medical business under Schedule III classification, citing potential 280E tax relief and possible interstate commerce or exports to Europe.
  • Glass House reiterated full-year 2026 wholesale cannabis biomass production forecast of about 1,000,000 pounds, with an annual production cost target of USD 95 per pound.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Glass House Brands Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605131605PRIMZONECNPR____9719780) on May 13, 2026, and is solely responsible for the information contained therein.

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