Glass House Brands Inc. (GLASF) Form 6-K — May 13, 2026
Glass House Brands Inc. reported first quarter 2026 financial results with revenue of $40.5 million, a 10% decline from the first quarter of 2025. The company's gross profit margin fell to 25%, down from 45% in the prior year period, due to lower average selling prices and higher production costs. The company's Adjusted EBITDA was negative $(4.2) million, a significant decline from the positive $4.4 million reported in the first quarter of 2025.
Key figures
- Eps
- 0
- Eps Beat
- 0
- Revenue
- 40515
- Guidance
- The company reiterates its full year 2026 wholesale cannabis biomass production forecast of approximately 1,000,000 pounds and $95 per pound annual production cost target.
- Total Debt
- 67857
- Debt Amount
- 0
- Revenue Yoy
- -10
- Total Assets
- 325353
- Cash Position
- 27927
- Deal Value Usd
- 0
- Interest Rate
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 0
- Biomass Production
- 151531
- Average Selling Price
- 171
- Cost Per Equivalent Dry Pound
- 175
AI analysis
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