Streetbeat News

GLASF

Glass House Brands Inc

Industry

Medicinal and Botanical Manufacturing

Open

7.80

Mkt cap

351M

Volume

52K

High

7.94

P/E Ratio

-8.63

52-wk high

10.50

Low

7.60

Div yield

N/A

52-wk low

4.29

The article discusses how top cannabis companies, Tilray, High Tide, and Glass House Brands, are navigating financial pressures and regulatory uncertainties. High Tide shows positive growth with market expansion and a strong loyalty program. Tilray faces operational losses despite revenue growth, focusing on potential acquisitions to strengthen its medical cannabis segment. Glass House Brands aims for cost leadership in cultivation, with plans to reduce production costs and expand operations. The cannabis sector remains resilient amid market pressures and election uncertainties.

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October 30, 2024 | 8:05 pm

The cannabis industry is increasingly adopting AI, automation, and data analytics to enhance efficiency and competitiveness. At the Benzinga Cannabis Capital Conference, leaders discussed how these technologies are transforming operations, from supply chain management to consumer behavior tracking. Glass House Brands (OTC:GLASF) is using AI and RFID to optimize labor and inventory, while other companies like The Blinc Group and Sweed are leveraging data for smarter decision-making.

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California cannabis companies are shifting to the less regulated hemp market due to high taxes and strict regulations in the cannabis sector. Companies like Green Bee Botanicals and Sunstone Winery have rebranded their products to hemp, benefiting from lower taxes and broader market reach. Larger companies like Glass House Brands and Curaleaf Holdings are also considering or have entered the hemp market. The California Senate recently halted a bill that would impose stricter THC limits, highlighting the ongoing tension between the cannabis and hemp industries.

Portfolio Pulse from Rolando García

August 20, 2024 | 3:02 pm

Glass House Brands Inc. is considering diversifying into the hemp sector, leveraging its existing greenhouses. The company reported a record-setting Q2 2024 with $53.9 million in revenue. CEO Kyle Kazan is exploring direct-to-consumer hemp products and sees potential in both cannabis and hemp markets. The move comes amid challenges in California's cannabis market due to over-taxation and falling prices.

Portfolio Pulse from Jelena Martinovic

August 19, 2024 | 4:11 pm

Glass House Brands (OTC:GLASF) reported a record Q2 2024 with $53.9 million in revenue, a 21% YoY increase. Gross profits rose to $28.7 million, and adjusted EBITDA improved to $12.4 million. Despite a net loss of $10 million, the company projects Q3 revenue between $65 million and $67 million.

Portfolio Pulse from Nicolás Jose Rodriguez

August 14, 2024 | 1:13 pm

Glass House Brands is advocating for the complete de-scheduling of cannabis, following the DEA's comment period on rescheduling cannabis from a Schedule 1 to a Schedule 3 drug. The company highlights the immense public support for this change and sees a political opportunity for leaders to address this demand. The advocacy also focuses on addressing injustices faced by those incarcerated for cannabis-related offenses.

Portfolio Pulse from Abbey Higginbotham

August 02, 2024 | 12:56 pm

Several cannabis companies, including Glass House Brands, Schwazze, Jones Soda, and SHF Holdings, are set to release their earnings reports in mid-August 2024. Key updates include Glass House's legal victory, Schwazze's debt restructuring, Jones Soda's private placement, and SHF Holdings' partnership with BIPOCann.

Portfolio Pulse from Jelena Martinovic

July 31, 2024 | 4:40 pm

Glass House Brands Inc. has issued an open letter to President Biden, Former President Trump, and Vice President Harris, urging them to de-schedule cannabis and grant clemency to those incarcerated for nonviolent marijuana offenses. The letter highlights public support for federal cannabis reform and the disparity between state and federal laws.

Portfolio Pulse from Javier Hasse

July 29, 2024 | 9:14 pm

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