Glass House Brands Inc. announced preliminary, unaudited financial results for the third quarter ended September 30, 2026, and said the results remain subject to change. It reiterated a full-year 2026 production forecast of approximately 1 million pounds and a long-term cost of production target of $95 per pound; it expects fourth-quarter cost of production to be in line with the third quarter.
The company said it has turned off its ATM. It also announced that John “Jay” Nichols Jr. resigned as a director. Financial results reflect continuing operations, and prior-period results were recast to exclude Glass House Retail, LLC, which was deconsolidated on June 12, 2026.
Glass House Brands Inc. announced preliminary, unaudited third-quarter 2026 results, anticipating revenue of $56.8 million for the quarter ended September 30, 2026, versus $47.0 million in Q2 and $26.2 million in Q3 2025. It anticipated approximately 317,000 pounds of biomass production and cost of production of approximately $110 per pound, compared with 246,000 pounds and $122 in Q2. Average selling price was anticipated at $150 per pound, gross profit at $14.9 million (26% margin), and operating cash flow at negative $0.4 million. Q2 2026 and Q3 2025 operating cash flow comparisons—positive $0.2 million and negative $5.1 million—include Glass House Retail, LLC, deconsolidated June 12, 2026. Period-ending cash, restricted cash and cash equivalents were $39.7 million, versus $22.1 million at the end of Q2.
During Q3, Glass House raised $18 million through its ATM program at an average price of $8.11 per share and $10 million from warrants; Chief Executive Officer Kyle Kazan said the company turned off the ATM. It reaffirmed full-year 2026 production guidance of approximately 1,000,000 pounds and a long-term $95-per-pound cost-of-production target; fourth-quarter cost of production is expected to be in line with Q3. Director John “Jay” Nichols Jr. resigned from the board.
Glass House Brands Inc. (GLAS) announced the planned retirement of Chief Financial Officer Mark Vendetti. He will continue as CFO through March 31, 2027, and the company has initiated a search for his successor. Vendetti joined the company as CFO in 2021.
Glass House Brands Inc. announced the planned retirement of Mark Vendetti from his position as Chief Financial Officer. Vendetti will continue as CFO through March 31, 2027, and the company has initiated a search for his successor. He has served as CFO for five years and said he looks forward to working with the team over the coming months to support a smooth transition.
Glass House Brands Inc. (GLAS) reported that officer William Tu, SVP and Corporate Controller, settled a tranche of restricted stock units and related tax obligations on September 16, 2026. An award of 38,691 RSUs vested and was converted into the same number of Equity Shares, with 13,523 Equity Shares delivered to cover tax withholding at a weighted average sale price of $8.08 per share in transactions between $8.00 and $8.16. Following the RSU conversion, Tu directly held 100,580 RSUs for Glass House Brands Equity Shares, and no Rule 10b5‑1 trading plan is reported.
Glass House Brands Inc. (GLAS) reported insider transactions by William Tu, SVP and Corporate Controller. On September 1, 2026, 5,800 Restricted Stock Units (RSUs) vested and were settled into Equity Shares, and Tu continued to hold 139,271 RSUs afterward. On September 4, 2026, 2,017 Equity Shares were disposed of at $9.00 per share to satisfy tax withholding obligations related to this vesting. On September 11, 2026, Tu sold 3,818 Equity Shares at $8.03 per share, representing remaining shares from RSUs that had vested on June 1, 2026 after earlier tax-withholding sales.
Glass House Brands Inc. filed a Form 6-K to furnish Canadian-style disclosure of a change of auditor under National Instrument 51-102 – Continuous Disclosure Obligations. The filing includes a formal Notice of Change of Auditor and confirmation letters from the predecessor and successor audit firms.
The predecessor auditor, Macias Gini & O'Connell LLP, states it has reviewed the company’s notice and agrees with the statements in it that relate to its role as predecessor auditor, while taking no position on the other statements. The successor auditor separately confirms its agreement with the portions of the notice pertaining to its firm.
Glass House Brands Inc. (GLAS) insider Kyle Kazan, Chairman and CEO, filed a notice of proposed sale of 40,000 Subordinate Voting Shares under Rule 144. The shares are to be sold through Ventum Financial Corp. on the NYSE, with an aggregate market value of $416,000.00.
The notice cites RSUs acquired on June 1, 2024 and February 1, 2025, and states an anticipated sale period from August 28, 2026 through September 11, 2026. The filing also reports a prior sale on June 11, 2026 of 125,000 Subordinate, Restricted and Limited Voting Shares for $1,416,250.00.
Glass House Brands Inc. reported weaker results for the six months ended June 30, 2026. Net revenue from continuing operations was $75.6 million, down from $80.6 million a year earlier, while net loss attributable to the company widened sharply to $23.9 million from $1.4 million. Operating cash flow swung from an inflow of $20.2 million to an outflow of $11.6 million.
Gross profit fell as cost of goods sold increased, and total operating expenses for the first half rose to $37.4 million. Total assets were $313.4 million, including $221.1 million of property, plant and equipment and $18.6 million of cash. Shareholders’ equity attributable to the company was $72.6 million and notes payable totaled $71.3 million.
Strategically, the company completed a Deconsolidation Transaction of its California retail dispensary business, which is now accounted for as a discontinued operation and an equity-method investee, generating a new equity-method investment of $13.8 million and a deconsolidation loss of $2.5 million. The subordinate voting shares began trading on the New York Stock Exchange on June 30, 2026, while remaining listed on Cboe Canada.
Glass House Brands Inc. received a Schedule 13G reporting that funds managed by Park West Asset Management LLC and related parties collectively beneficially own a significant minority stake in the company. The filing covers subordinate, restricted and limited voting shares (Equity Shares) without par value.
As of June 30, 2026, Park West Investors Master Fund, Limited held 4,660,392 Equity Shares plus Series E Convertible Preferred Stock convertible into 757,888 Equity Shares, for a total of 5,418,280 Equity Shares. Park West Partners International, Limited held 521,638 Equity Shares plus preferred stock convertible into 79,777 Equity Shares, totaling 601,415 Equity Shares. Through its role as investment manager to these funds, Park West Asset Management LLC, together with Peter S. Park, may be deemed to beneficially own 6,019,695 Equity Shares, including 837,665 issuable upon conversion of Series E Convertible Preferred Stock, representing 7.5% of the class based on 79,919,577 Equity Shares outstanding as of June 9, 2026.