Glass House Brands Inc (GLAS) News & EventsGLASGlass House Brands Inc

Glass House Achieves GACP Certification, Aiming for Medical Cannabis Exports

Glass House announced that its Casitas and Padaro farms achieved certification to the PJRFSI Cannabis Safety Standard GACP from Perry Johnson Registrars Food Safety, or PJRFSI, on October 11. Good Agricultural and Collection Practice, or GACP, certifications demonstrate that the facilities meet strict international safety and quality standards, and these certifications are a critical step toward Glass House supplying medical cannabis markets domestically and internationally. When U.S. federal law and the laws of the importing country permit export, Glass House intends to supply greenhouse-grown cannabis flower from these state-of-the-art facilities to medical markets globally. The Casitas and Padaro farms combined encompass over half a million square feet of advanced greenhouse cannabis cultivation making them some of the largest GACP-certified facilities in the U.S. Glass House continues to work with state and federal agencies to enable export from California, and is in continued conversations with domestic and international partners.

Glass House Brands CFO Mark Vendetti Plans Retirement

Glass House Brands announced the planned retirement of Mark Vendetti from his current position as the Company's Chief Financial Officer, CFO. Vendetti will continue to serve as CFO through March 31, 2027. The Company has initiated a search for his successor.

Company Reports Q2 Adjusted EBITDA of $5.7M

Reports Q2 adjusted EBITDA $5.7M. The company said, "As a result of the Company's previously announced deconsolidation of Glass House Retail, LLC effective June 12, 2026, the historical operating results of GHR through June 11, 2026, together with the loss recognized upon deconsolidation of GHR on June 12, 2026, are presented as discontinued operations for all periods presented. Prior-period results of operations have been retrospectively recast to conform to the current-period presentation. Beginning June 12, 2026, the Company's share of GHR's post-deconsolidation income or loss is recognized under the equity method and included in continuing operations. Unless otherwise noted, the results of operations discussed in this earnings release, including the non-GAAP financial measures presented herein, reflect the Company's continuing operations and exclude amounts classified as discontinued operations."