Streetbeat News

GLASF

Glass House Brands Inc

Industry

Medicinal and Botanical Manufacturing

Open

7.75

Mkt cap

391M

Volume

37K

High

8.40

P/E Ratio

-8.65

52-wk high

10.50

Low

7.75

Div yield

N/A

52-wk low

4.29

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

The article discusses recent leadership changes in the cannabis industry, including the reappointment of Hector De La Torre to the board of Glass House Brands Inc., the results of Cronos Group Inc.'s annual meeting, and the resignation of Nova Cannabis Inc.'s CEO Marcie Kiziak.

Portfolio Pulse from Jelena Martinovic

July 24, 2024 | 8:40 pm

Glass House Brands Inc. (OTC:GLASF) (OTC:GHBWF) won a legal battle as a California court dismissed a lawsuit accusing it of illegal cannabis dealings. The court ruled in favor of Glass House, dismissing the case with prejudice and awarding costs against the plaintiff, Catalyst Cannabis Co. This decision underscores Glass House's compliance with California's cannabis regulations.

Portfolio Pulse from Patricio Liddle

July 22, 2024 | 4:20 pm

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is outperforming its peers in the cannabis capital providers and mortgage REIT sectors due to its premium valuation, high dividend yield, and robust growth track record. REFI trades at a 3% premium to its book value and offers a 12.2% dividend yield, supported by a solid dividend coverage ratio and special cash dividends. Despite an increase in leverage, REFI maintains a conservative risk profile and a strong growth track record, making it an attractive investment.

Portfolio Pulse from Nicolás Jose Rodriguez

July 05, 2024 | 3:02 pm

The article highlights recent executive changes in the cannabis industry, including board elections and new appointments at several companies. Notable changes include new board members at Auxly Cannabis Group, iAnthus Capital Holdings, MediPharm Labs, and Glass House Brands. Additionally, Sandy Li joins Viridian Capital Advisors' advisory board, Lowell Farms' CFO resigns, and RIV Capital and Cansortium appoint a new chief retail officer ahead of their merger.

Portfolio Pulse from Jelena Martinovic

July 03, 2024 | 5:08 pm

Cannabis stocks experienced significant declines on June 28, 2024, due to an IRS filing reminding taxpayers that marijuana remains a Schedule I controlled substance and is subject to tax limitations. Companies with high excess tax liabilities, such as Jushi and AYR, saw the largest stock declines, while those with minimal liabilities, like Green Thumb and Glass House Brands, experienced smaller declines.

Portfolio Pulse from Viridian Capital Advisors

July 01, 2024 | 3:52 pm

A Los Angeles Superior Court judge is expected to dismiss a lawsuit against Glass House Brands Inc. (OTCQX:GLASF) (OTC:GHBWF), accused by Catalyst Cannabis Co. of profiting from the illicit cannabis market. The judge noted that enforcement should be handled by the Department of Cannabis Control (DCC). Catalyst's CEO expressed disappointment but hinted at potential further legal actions.

Portfolio Pulse from Patricio Liddle

June 25, 2024 | 10:31 pm

The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.

Portfolio Pulse from Viridian Capital Advisors

June 24, 2024 | 5:12 pm

The article discusses recent leadership changes and appointments in the cannabis industry, including new leaders at the New York Office of Cannabis Management, board changes at Jushi Holdings Inc., Planet 13 Holdings Inc., and Glass House Brands Inc., and strategic additions to CanaQuest Medical Corp's executive team.

Portfolio Pulse from Jelena Martinovic

June 13, 2024 | 1:47 am

Michigan has surpassed California in legal cannabis unit sales, selling 22 million products in March compared to California's 21.3 million. Despite California leading in revenue, high taxes and weak enforcement against illegal sales have hurt its market. Michigan's lower taxes and strong enforcement have boosted its legal market, attracting out-of-state customers. California's cannabis industry faces significant challenges, including rampant illegal operations and environmental damage.

Portfolio Pulse from Patricio Liddle

June 06, 2024 | 2:16 pm

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