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GHBWF
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Stock Price, Quotes and Forecasts | :GHBWF | Benzinga

Explore stock price, quotes, charts and forecasts with Benzinga. Stay updated on market trends for GHBWF.

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Recent News

Cannabis Co. Glass House Lands $50 Million Loan With Favorable Terms: Why It Matters For The Industry
Glass House Brands secures a $50M loan, lowering interest rates and extending debt maturity to 2030, boosting cash flow.
Javier Hasse
California Weed Co. Glass House Brands Reports 32% YoY Q3 Revenue Growth (UPDATED)
Vertically integrated cannabis companies Glass House Brands Inc. (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF) reported on Wednesday financial results for the third quarter ended Sept. 30, 2024. The company is focused on strategic growth initiatives, including expanding production capacity, improving cost efficiency and positioning itself to weather challenges in the California cannabis market. However, retail pricing pressures may continue to affect margins in the near term. "While we expect lower prices to continue in the short-term, longer-term we expect Glass House will benefit, as our Company is built to weather market cycles and emerge even stronger," Kyle Kazan, co-founder, chairman and CEO of Glass House, said.
Jelena Martinovic
California Company Led By Ex-Police Officer-Turned- Cannabis CEO Could Pivot Into Hemp Space
Glass 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 being made public last week revealing a record-setting second quarter for 2024, with revenue reaching $53.9 million, up by 21% year-over-year, Kyle Kazan, Glass House's co-founder, chairman and CEO, shed more light on the company's plans. "We are actively having meetings with large distributors of hemp-derived cannabis, and we are considering DTC, or direct-to-consumer products, shipped from our farm in Southern California directly to people in the states which legally allow it," Kazan said. He recently urged top officials to de-schedule marijuana on the federal level, added a final decision is yet to be made.
Jelena Martinovic

Financials

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Glass House Brands Inc is an integrated cannabis company that operates exclusively in the state of C...
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