7:["$","div",null,{"className":"","children":[["$","main",null,{"role":"main","className":"w-full text-white sr-only","children":[["$","div",null,{"className":"md:gap-8 px-4 sm:px-8 lg:px-16 xl:px-32 w-full relative z-10","children":[["$","div",null,{"id":"","className":"absolute h-20 -top-28 left-0 invisible w-full"}],["$","div",null,{"className":"max-w-[1200px] mx-auto","children":["$","header",null,{"className":"flex flex-col gap-4 pt-8 sm:pt-12","children":["$","div",null,{"className":"flex flex-col items-center gap-6","children":[["$","div",null,{"className":"relative","children":["$","$L18",null,{"src":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747318587.jpeg","alt":"Glass House Brands logo","width":120,"height":120,"className":"rounded-lg object-contain","priority":true}]}],["$","div",null,{"className":"text-center","children":[["$","h1",null,{"className":"text-2xl md:text-4xl lg:text-5xl font-bold text-white mb-4","children":["Glass House Brands",": ","High Hopes Heading for the Highway"]}],["$","h2",null,{"className":"text-lg md:text-xl text-gray-300 max-w-3xl mx-auto","children":"Cultivating Cannabis Profits in California's Tough Market - Perfectly Positioned for a US Roadtrip"}]]}],["$","div",null,{"className":"flex flex-col items-center gap-2 text-center","children":[["$","div",null,{"className":"flex items-center gap-2 text-sm text-gray-400","children":[["$","span",null,{"children":["OTCMKTS",":"]}],["$","span",null,{"className":"font-medium text-white","children":"GLASF"}]]}],["$","div",null,{"className":"flex items-center gap-3","children":[["$","span",null,{"className":"text-2xl font-bold text-white","children":"$$5.09"}],["$","span",null,{"className":"text-sm font-medium text-green-400","children":"+3.03%"}]]}]]}],["$","div",null,{"className":"flex flex-wrap justify-center gap-4 text-sm text-gray-400","children":[["$","span",null,{"children":["Updated: ","May 15, 2025"]}],["$","div",null,{"className":"flex flex-wrap gap-2","children":[["$","span","1521",{"className":"bg-gray-800 px-2 py-1 rounded","children":"BLT (Business Services, Leisure, Travel)"}]]}]]}],["$","div",null,{"className":"flex flex-wrap justify-center gap-2 text-xs","children":[["$","span",null,{"className":"bg-blue-900/30 text-blue-300 px-2 py-1 rounded","children":"small"}],["$","span",null,{"className":"bg-green-900/30 text-green-300 px-2 py-1 rounded","children":"usa"}]]}]]}]}]}]]}],["$","div",null,{"className":"md:gap-8 px-4 sm:px-8 lg:px-16 xl:px-32 w-full relative ","children":[["$","div",null,{"id":"","className":"absolute h-20 -top-28 left-0 invisible w-full"}],["$","div",null,{"className":"max-w-[1200px] mx-auto","children":["$","section",null,{"id":"bull-bear-case","aria-label":"Bull & Bear Case","children":[["$","header",null,{"className":"text-center mb-12","children":[["$","h2",null,{"className":"text-2xl md:text-3xl font-semibold text-white mb-4","children":"Bull & Bear Case"}],["$","p",null,{"className":"text-gray-300 max-w-2xl mx-auto","children":"An overview of the main reasons to invest and the key risks involved."}]]}],["$","div",null,{"className":"flex gap-8 flex-col xl:flex-row","children":[["$","div",null,{"className":"flex-1","children":["$","div",null,{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden","children":["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"mb-6","children":["$","h3",null,{"className":"text-lg font-medium text-white mb-2 pb-2 border-b border-[#3F3D42]","children":"Bull Case"}]}],["$","div",null,{"className":"space-y-4","children":[["$","article","0",{"className":"flex gap-3 items-start py-2","children":[["$","div",null,{"className":"mt-1 flex-shrink-0","children":["$","div",null,{"className":"w-4 h-4 rounded-full bg-green-800 flex items-center justify-center","children":["$","svg",null,{"width":"12","height":"12","viewBox":"0 0 16 16","fill":"none","xmlns":"http://www.w3.org/2000/svg","children":["$","path",null,{"stroke":"#D9D7DB","strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":"1.5","d":"M12.444 5.778 8.947 9.275c-.176.176-.264.264-.366.297a.444.444 0 0 1-.274 0c-.102-.032-.19-.12-.366-.297L6.725 8.06c-.176-.176-.264-.264-.366-.297a.444.444 0 0 0-.274 0c-.102.033-.19.12-.366.297l-2.164 2.164m8.89-4.445H9.332m3.111 0V8.89"}]}]}]}],["$","div",null,{"className":"flex-1","children":[["$","h4",null,{"className":"font-medium text-sm text-white mb-1","children":"Defensible economic moat"}],["$","p",null,{"className":"text-xs text-[#BAB9BD]","children":"Glasshouse have driven down cultivation costs while maintaining premium product quality."}]]}]]}],["$","article","1",{"className":"flex gap-3 items-start py-2","children":[["$","div",null,{"className":"mt-1 flex-shrink-0","children":["$","div",null,{"className":"w-4 h-4 rounded-full bg-green-800 flex items-center justify-center","children":["$","svg",null,{"width":"12","height":"12","viewBox":"0 0 16 16","fill":"none","xmlns":"http://www.w3.org/2000/svg","children":["$","path",null,{"stroke":"#D9D7DB","strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":"1.5","d":"M12.444 5.778 8.947 9.275c-.176.176-.264.264-.366.297a.444.444 0 0 1-.274 0c-.102-.032-.19-.12-.366-.297L6.725 8.06c-.176-.176-.264-.264-.366-.297a.444.444 0 0 0-.274 0c-.102.033-.19.12-.366.297l-2.164 2.164m8.89-4.445H9.332m3.111 0V8.89"}]}]}]}],["$","div",null,{"className":"flex-1","children":[["$","h4",null,{"className":"font-medium text-sm text-white mb-1","children":"Fully Integrated Ecosystem"}],["$","p",null,{"className":"text-xs text-[#BAB9BD]","children":"Glass House owns and operates every part of its supply chain across retail, CPG and wholesale."}]]}]]}],["$","article","2",{"className":"flex gap-3 items-start py-2","children":[["$","div",null,{"className":"mt-1 flex-shrink-0","children":["$","div",null,{"className":"w-4 h-4 rounded-full bg-green-800 flex items-center justify-center","children":["$","svg",null,{"width":"12","height":"12","viewBox":"0 0 16 16","fill":"none","xmlns":"http://www.w3.org/2000/svg","children":["$","path",null,{"stroke":"#D9D7DB","strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":"1.5","d":"M12.444 5.778 8.947 9.275c-.176.176-.264.264-.366.297a.444.444 0 0 1-.274 0c-.102-.032-.19-.12-.366-.297L6.725 8.06c-.176-.176-.264-.264-.366-.297a.444.444 0 0 0-.274 0c-.102.033-.19.12-.366.297l-2.164 2.164m8.89-4.445H9.332m3.111 0V8.89"}]}]}]}],["$","div",null,{"className":"flex-1","children":[["$","h4",null,{"className":"font-medium text-sm text-white mb-1","children":"Optionality Beyond California"}],["$","p",null,{"className":"text-xs text-[#BAB9BD]","children":"Hemp export and Greenhouse 2 add future upside."}]]}]]}]]}]]}]}]}],["$","div",null,{"className":"flex-1","children":["$","div",null,{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden","children":["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"mb-6","children":["$","h3",null,{"className":"text-lg font-medium text-white mb-2 pb-2 border-b border-[#3F3D42]","children":"Bear Case"}]}],["$","div",null,{"className":"space-y-4","children":[["$","article","0",{"className":"flex gap-3 items-start py-2","children":[["$","div",null,{"className":"mt-1 flex-shrink-0","children":["$","div",null,{"className":"w-4 h-4 rounded-full bg-red-800 flex items-center justify-center","children":["$","svg",null,{"width":"12","height":"12","viewBox":"0 0 16 16","fill":"none","xmlns":"http://www.w3.org/2000/svg","children":["$","path",null,{"stroke":"#D9D7DB","strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":"1.5","d":"M12.444 10.223 8.947 6.726c-.176-.176-.264-.264-.366-.297a.445.445 0 0 0-.274 0c-.102.033-.19.12-.366.297L6.725 7.942c-.176.176-.264.264-.366.297a.444.444 0 0 1-.274 0c-.102-.033-.19-.12-.366-.297L3.555 5.778m8.89 4.445H9.332m3.111 0V7.112"}]}]}]}],["$","div",null,{"className":"flex-1","children":[["$","h4",null,{"className":"font-medium text-sm text-white mb-1","children":"Pricing Pressure"}],["$","p",null,{"className":"text-xs text-[#BAB9BD]","children":"California market still facing wholesale price volatility."}]]}]]}],["$","article","1",{"className":"flex gap-3 items-start py-2","children":[["$","div",null,{"className":"mt-1 flex-shrink-0","children":["$","div",null,{"className":"w-4 h-4 rounded-full bg-red-800 flex items-center justify-center","children":["$","svg",null,{"width":"12","height":"12","viewBox":"0 0 16 16","fill":"none","xmlns":"http://www.w3.org/2000/svg","children":["$","path",null,{"stroke":"#D9D7DB","strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":"1.5","d":"M12.444 10.223 8.947 6.726c-.176-.176-.264-.264-.366-.297a.445.445 0 0 0-.274 0c-.102.033-.19.12-.366.297L6.725 7.942c-.176.176-.264.264-.366.297a.444.444 0 0 1-.274 0c-.102-.033-.19-.12-.366-.297L3.555 5.778m8.89 4.445H9.332m3.111 0V7.112"}]}]}]}],["$","div",null,{"className":"flex-1","children":[["$","h4",null,{"className":"font-medium text-sm text-white mb-1","children":"Licensing Risks"}],["$","p",null,{"className":"text-xs text-[#BAB9BD]","children":"Regulatory delays could stall Greenhouse 2 cannabis use."}]]}]]}],["$","article","2",{"className":"flex gap-3 items-start py-2","children":[["$","div",null,{"className":"mt-1 flex-shrink-0","children":["$","div",null,{"className":"w-4 h-4 rounded-full bg-red-800 flex items-center justify-center","children":["$","svg",null,{"width":"12","height":"12","viewBox":"0 0 16 16","fill":"none","xmlns":"http://www.w3.org/2000/svg","children":["$","path",null,{"stroke":"#D9D7DB","strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":"1.5","d":"M12.444 10.223 8.947 6.726c-.176-.176-.264-.264-.366-.297a.445.445 0 0 0-.274 0c-.102.033-.19.12-.366.297L6.725 7.942c-.176.176-.264.264-.366.297a.444.444 0 0 1-.274 0c-.102-.033-.19-.12-.366-.297L3.555 5.778m8.89 4.445H9.332m3.111 0V7.112"}]}]}]}],["$","div",null,{"className":"flex-1","children":[["$","h4",null,{"className":"font-medium text-sm text-white mb-1","children":"Balance Sheet Constraints"}],["$","p",null,{"className":"text-xs text-[#BAB9BD]","children":"High-cost preferred equity still burdens capital."}]]}]]}]]}]]}]}]}]]}]]}]}]]}],["$","div",null,{"className":"md:gap-8 px-4 sm:px-8 lg:px-16 xl:px-32 w-full relative ","children":[["$","div",null,{"id":"","className":"absolute h-20 -top-28 left-0 invisible w-full"}],["$","div",null,{"className":"max-w-[1200px] mx-auto","children":["$","section",null,{"id":"executive-summary","aria-label":"Executive Summary","children":[["$","header",null,{"children":["$","h2",null,{"className":"text-xl text-white font-semibold md:text-4xl flex-1 text-center mb-10","children":"Executive Summary"}]}],["$","div",null,{"className":"flex gap-8 flex-col-reverse md:flex-row justify-center","children":[["$","article",null,{"className":"w-full md:w-[584px] flex flex-col items-start","children":[null,["$","div",null,{"className":" m-0 text-[#D9D7DB] prose prose-invert max-w-none","dangerouslySetInnerHTML":{"__html":"$19"}}],["$","div",null,{"className":"mt-10","children":["$","a",null,{"href":"https://app.curationconnect.com/account/signup","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center px-6 py-3 bg-blue-600 hover:bg-blue-700 text-white font-medium rounded-lg transition-colors duration-200","aria-label":"Visit +Watchlist - opens in new tab","children":"+Watchlist"}]}]]}],["$","div",null,{"className":"w-full md:w-6/12","children":["$","div",null,{"className":"relative w-full aspect-video lg:w-[560px]","children":["$","iframe",null,{"src":"https://www.youtube.com/embed/8IGgC68ZtHE?start=undefined","title":"CEO Interview","className":"w-full h-full rounded-lg","allowFullScreen":true,"loading":"lazy","style":{"borderRadius":"4px","overflow":"hidden"}}]}]}]]}]]}]}]]}],["$","div",null,{"className":"md:gap-8 px-4 sm:px-8 lg:px-16 xl:px-32 w-full relative ","children":[["$","div",null,{"id":"investment-thesis","className":"absolute h-20 -top-28 left-0 invisible w-full"}],["$","div",null,{"className":"max-w-[1200px] mx-auto","children":["$","section",null,{"aria-label":"Investment Thesis","children":[["$","header",null,{"className":"text-center mb-12","children":[["$","h2",null,{"className":"text-2xl md:text-3xl font-semibold text-white mb-4","children":"Investment Thesis"}],["$","p",null,{"className":"text-gray-300 max-w-2xl mx-auto","children":"Overview of buy and sell case of the business."}]]}],["$","div",null,{"className":"space-y-16","children":[["$","div",null,{"className":"flex flex-col xl:flex-row gap-8","children":[["$","div",null,{"className":"lg:w-[378px] pt-4","children":[["$","h3",null,{"className":"text-xl font-medium text-white mb-2","children":"Why Invest?"}],["$","p",null,{"className":"text-[#D9D7DB]","children":"Key pieces of information about the business that you need to know about."}]]}],["$","div",null,{"className":"flex-1","children":["$","div",null,{"className":"grid gap-6","children":[["$","article","0",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg p-6 hover:border-[#FFFFFF30] transition-colors duration-200","children":[["$","header",null,{"className":"mb-4","children":["$","h4",null,{"className":"text-lg font-medium text-white mb-2","children":"Lowest Cost Wins"}]}],["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

Glass House has built a defensible economic moat by relentlessly driving down cultivation costs while maintaining premium product quality. The company achieved a cost per pound of $110 in Q4 2024 and is on track to hit its $100 target in 2025. This is made possible by its technologically advanced greenhouses in California, which use natural sunlight, solar energy, cogeneration systems, and automation to reduce overhead. In a sector where wholesale price volatility can crush margins, Glass House's ability to remain profitable at lower price points gives it unmatched resilience.

"}}]]}],["$","article","1",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg p-6 hover:border-[#FFFFFF30] transition-colors duration-200","children":[["$","header",null,{"className":"mb-4","children":["$","h4",null,{"className":"text-lg font-medium text-white mb-2","children":"Fully Integrated Ecosystem"}]}],["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

The company's end-to-end control over its value chain is a major differentiator. Glass House owns and operates every part of its supply chain, from cultivation and manufacturing to retail distribution and brand management. It manages 10 dispensaries and distributes its products to third-party retailers under three recognized brands. This vertical integration allows Glass House to preserve margins, ensure consistent quality, control customer experience, and adapt quickly to market disruptions such as distributor bankruptcies or inventory bottlenecks.

"}}]]}],["$","article","2",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg p-6 hover:border-[#FFFFFF30] transition-colors duration-200","children":[["$","header",null,{"className":"mb-4","children":["$","h4",null,{"className":"text-lg font-medium text-white mb-2","children":"Optionality Beyond California"}]}],["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

Through its hemp trials in Greenhouse 4, Glass House is testing federally compliant cannabis that could be exported out of California. Its Greenhouse 2 retrofit will add 275,000 pounds of capacity, supporting future interstate or national demand. This creates upside if regulations loosen nationally. With hemp legal across the U.S. under the 2018 Farm Bill, Glass House aims to generate revenue from hemp-derived cannabis nationwide by the end of 2025.

"}}]]}]]}]}]]}],["$","div",null,{"className":"flex flex-col xl:flex-row gap-8","children":[["$","div",null,{"className":"lg:w-[378px] pt-4","children":[["$","h3",null,{"className":"text-xl font-medium text-white mb-2","children":"Catalysts"}],["$","p",null,{"className":"text-[#D9D7DB]","children":"The key events that could drive investment opportunities and shift markets."}]]}],["$","div",null,{"className":"flex-1","children":["$","div",null,{"className":"grid gap-6","children":[["$","article","0",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg p-6 hover:border-[#FFFFFF30] transition-colors duration-200","children":[["$","header",null,{"className":"mb-4 flex items-center gap-3","children":[["$","span",null,{"className":"px-3 py-1 rounded-full text-xs font-medium bg-green-900/30 text-green-300","children":"Near term"}],"$undefined"]}],["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

Greenhouse 2 is part of Glass House Brands’ flagship cultivation site in Camarillo, California—one of the largest cannabis greenhouse facilities in the U.S., spanning 5.5 million square feet. The company expects initial cannabis revenue from Greenhouse 2 in Q4 2025, with annual output projected at 275,000 pounds once fully operational.
Rollout of new CPG formats like sleep-focused PLUS gummies and Allswell price-points driving consumer demand.
Potential expansion into interstate hemp-derived cannabis markets as regulatory clarity improves. With hemp federally legal under the 2018 Farm Bill, Glass House could begin nationwide sales by year-end.
Continued decline in cultivation costs could hit $100/lb target by end-2025, boosting margin outlook.

"}}]]}],["$","article","1",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg p-6 hover:border-[#FFFFFF30] transition-colors duration-200","children":[["$","header",null,{"className":"mb-4 flex items-center gap-3","children":[["$","span",null,{"className":"px-3 py-1 rounded-full text-xs font-medium bg-yellow-900/30 text-yellow-300","children":"Medium term"}],"$undefined"]}],["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

Expansion of hemp-derived cannabis sales to new U.S. states without medical or adult-use programs. As federal and state-level clarity on hemp regulation improves through 2026–2027, Glass House could grow its distribution footprint substantially.
Commercial launch of additional greenhouse phases (e.g., Greenhouse 3 retrofits) by 2027 could add new high-margin capacity and sustain growth momentum.

"}}]]}],["$","article","2",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg p-6 hover:border-[#FFFFFF30] transition-colors duration-200","children":[["$","header",null,{"className":"mb-4 flex items-center gap-3","children":[["$","span",null,{"className":"px-3 py-1 rounded-full text-xs font-medium bg-blue-900/30 text-blue-300","children":"Long term"}],"$undefined"]}],["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

Federal rescheduling of cannabis from Schedule I to III could unlock institutional capital and broaden market access. This reclassification would reduce financial and legal restrictions on cannabis operations, potentially enabling Glass House to access banking services, list on major U.S. exchanges, and attract a broader institutional investor base.
National branding of Allswell or PLUS could allow expansion beyond California, leveraging cost and quality advantages. With a reputation for low-cost, high-quality cannabis products, Glass House could scale its CPG brands nationally—either through hemp-derived THC products or eventual interstate cannabis commerce—establishing itself as a household name in the sector.

"}}]]}]]}]}]]}],["$","div",null,{"className":"flex flex-col xl:flex-row gap-8","children":[["$","div",null,{"className":"lg:w-[378px] pt-4","children":[["$","h3",null,{"className":"text-xl font-medium text-white mb-2","children":"Key Risks"}],["$","p",null,{"className":"text-[#D9D7DB]","children":"Key pieces of information about the business risks that you need to know about."}]]}],["$","div",null,{"className":"flex-1","children":["$","div",null,{"className":"grid gap-6","children":[["$","article","0",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg p-6 hover:border-[#FFFFFF30] transition-colors duration-200","children":[["$","header",null,{"className":"mb-4","children":["$","h4",null,{"className":"text-lg font-medium text-white mb-2","children":"Pricing Pressure in California"}]}],["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

The California cannabis market remains one of the most competitive and fragmented in the country, with over 4,000 cultivation licenses and a thriving illicit market. Legal operators also face high taxes, compliance burdens, and fluctuating wholesale prices. Glass House's large-scale operations and low costs provide some insulation, but persistent price erosion across biomass and branded products still threatens profitability. The company must continue cutting costs and expanding sales volume to maintain margin resilience in this tough market.

"}}]]}],["$","article","1",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg p-6 hover:border-[#FFFFFF30] transition-colors duration-200","children":[["$","header",null,{"className":"mb-4","children":["$","h4",null,{"className":"text-lg font-medium text-white mb-2","children":"Regulatory Delays"}]}],["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

Glass House’s ambitious growth plans hinge on regulatory approvals that are outside its control. Licenses for cannabis cultivation in Greenhouse 2 are pending, and any delays or denials would defer anticipated revenue and reduce production scalability. Similarly, while hemp-derived THC is federally legal under the 2018 Farm Bill, evolving interpretations or future restrictions—especially at the state level—could complicate or block interstate sales plans. This regulatory uncertainty remains a key risk to national expansion.

"}}]]}],["$","article","2",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg p-6 hover:border-[#FFFFFF30] transition-colors duration-200","children":[["$","header",null,{"className":"mb-4","children":["$","h4",null,{"className":"text-lg font-medium text-white mb-2","children":"Capital Structure & Refinancing Needs"}]}],["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

Although Glass House refinanced its senior debt on more favorable terms in early 2025, its capital structure still includes expensive Series B and C preferred equity. These instruments carry high dividend obligations and limit financial flexibility. Management has flagged refinancing this equity as a 2025 priority, but success is not guaranteed. If not resolved, the capital costs could weigh on shareholder returns and restrict future investment in growth opportunities.

"}}]]}]]}]}]]}]]}]]}]}]]}],["$","div",null,{"className":"md:gap-8 px-4 sm:px-8 lg:px-16 xl:px-32 w-full relative ","children":[["$","div",null,{"id":"experts","className":"absolute h-20 -top-28 left-0 invisible w-full"}],["$","div",null,{"className":"max-w-[1200px] mx-auto","children":["$","section",null,{"aria-label":"Experts","children":[["$","header",null,{"className":"text-center mb-12","children":[["$","h2",null,{"className":"text-2xl md:text-3xl font-semibold text-white mb-4","children":"Follow the Experts"}],["$","p",null,{"className":"text-gray-300 max-w-2xl mx-auto","children":"Quickly navigate key insights from industry experts and leverage their knowledge and market intelligence. "}]]}],["$","div",null,{"className":"space-y-12","children":[["$","article","0",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200","children":["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"flex flex-col md:flex-row gap-6 mb-6","children":[["$","div",null,{"className":"flex-shrink-0","children":["$","div",null,{"className":"relative w-24 h-24 md:w-32 md:h-32 mx-auto md:mx-0","children":["$","$L18",null,{"src":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747232434.jpeg","alt":"Jesse Redmond profile","fill":true,"className":"rounded-full object-cover","sizes":"(max-width: 768px) 96px, 128px"}]}]}],["$","div",null,{"className":"flex-1 text-center md:text-left","children":[["$","h3",null,{"className":"text-xl md:text-2xl font-semibold text-white mb-2","children":"Jesse Redmond"}],["$","p",null,{"className":"text-blue-400 font-medium mb-2","children":"Head of Cannabis at Water Tower Research"}],["$","p",null,{"className":"text-gray-300 text-sm","children":["16k"," audience"]}],["$","div",null,{"className":"flex justify-center md:justify-start gap-4 mt-4","children":[["$","a",null,{"href":"https://x.com/jesseredmond?lang=en","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-gray-400 hover:text-white transition-colors duration-200","aria-label":"View Jesse Redmond's X profile - opens in new tab","children":["$","svg",null,{"className":"w-5 h-5","fill":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"d":"M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z"}]}]}],["$","a",null,{"href":"https://www.linkedin.com/in/jesseredmond/","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-gray-400 hover:text-white transition-colors duration-200","aria-label":"View Jesse Redmond's LinkedIn profile - opens in new tab","children":["$","svg",null,{"className":"w-5 h-5","fill":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"d":"M20.447 20.452h-3.554v-5.569c0-1.328-.027-3.037-1.852-3.037-1.853 0-2.136 1.445-2.136 2.939v5.667H9.351V9h3.414v1.561h.046c.477-.9 1.637-1.85 3.37-1.85 3.601 0 4.267 2.37 4.267 5.455v6.286zM5.337 7.433c-1.144 0-2.063-.926-2.063-2.065 0-1.138.92-2.063 2.063-2.063 1.14 0 2.064.925 2.064 2.063 0 1.139-.925 2.065-2.064 2.065zm1.782 13.019H3.555V9h3.564v11.452zM22.225 0H1.771C.792 0 0 .774 0 1.729v20.542C0 23.227.792 24 1.771 24h20.451C23.2 24 24 23.227 24 22.271V1.729C24 .774 23.2 0 22.222 0h.003z"}]}]}],null]}]]}]]}],["$","div",null,{"className":"space-y-6","children":[["$","h4",null,{"className":"text-lg font-medium text-white mb-4","children":"Expert Insights"}],["$","div",null,{"className":"grid gap-4","children":[["$","div","0",{"className":"bg-[#0F0E13] border border-[#FFFFFF10] rounded-lg p-4","children":[["$","div",null,{"className":"flex items-center justify-between mb-3","children":["$","span",null,{"className":"text-xs font-medium text-blue-400 bg-blue-900/20 px-2 py-1 rounded","children":"linkedin"}]}],null,["$","div",null,{"className":"text-gray-300 prose prose-invert max-w-none prose-sm mb-4","dangerouslySetInnerHTML":{"__html":"$1a"}}],false,false,["$","div",null,{"className":"mt-4","children":["$","a",null,{"href":"https://www.linkedin.com/posts/jesseredmond_earnings-for-most-cannabis-companies-have-activity-7328080083905060866-01n0?utm_source=share&utm_medium=member_desktop&rcm=ACoAADi_UGgBV09VZOFOlomEt7u8eKq7q5x3oXo","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-blue-400 hover:text-blue-300 text-sm font-medium transition-colors duration-200","aria-label":"See More - opens in new tab","children":["See More",["$","svg",null,{"className":"ml-1 w-4 h-4","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M10 6H6a2 2 0 00-2 2v10a2 2 0 002 2h10a2 2 0 002-2v-4M14 4h6m0 0v6m0-6L10 14"}]}]]}]}]]}]]}]]}]]}]}],["$","article","1",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200","children":["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"flex flex-col md:flex-row gap-6 mb-6","children":[["$","div",null,{"className":"flex-shrink-0","children":["$","div",null,{"className":"relative w-24 h-24 md:w-32 md:h-32 mx-auto md:mx-0","children":["$","$L18",null,{"src":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747234099.jpeg","alt":"Javier Hasse profile","fill":true,"className":"rounded-full object-cover","sizes":"(max-width: 768px) 96px, 128px"}]}]}],["$","div",null,{"className":"flex-1 text-center md:text-left","children":[["$","h3",null,{"className":"text-xl md:text-2xl font-semibold text-white mb-2","children":"Javier Hasse"}],["$","p",null,{"className":"text-blue-400 font-medium mb-2","children":"CEO, El Planteo"}],["$","p",null,{"className":"text-gray-300 text-sm","children":["25k"," audience"]}],["$","div",null,{"className":"flex justify-center md:justify-start gap-4 mt-4","children":[["$","a",null,{"href":"https://x.com/JavierHasse","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-gray-400 hover:text-white transition-colors duration-200","aria-label":"View Javier Hasse's X profile - opens in new tab","children":["$","svg",null,{"className":"w-5 h-5","fill":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"d":"M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z"}]}]}],["$","a",null,{"href":"https://www.linkedin.com/in/javierhasse/","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-gray-400 hover:text-white transition-colors duration-200","aria-label":"View Javier Hasse's LinkedIn profile - opens in new tab","children":["$","svg",null,{"className":"w-5 h-5","fill":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"d":"M20.447 20.452h-3.554v-5.569c0-1.328-.027-3.037-1.852-3.037-1.853 0-2.136 1.445-2.136 2.939v5.667H9.351V9h3.414v1.561h.046c.477-.9 1.637-1.85 3.37-1.85 3.601 0 4.267 2.37 4.267 5.455v6.286zM5.337 7.433c-1.144 0-2.063-.926-2.063-2.065 0-1.138.92-2.063 2.063-2.063 1.14 0 2.064.925 2.064 2.063 0 1.139-.925 2.065-2.064 2.065zm1.782 13.019H3.555V9h3.564v11.452zM22.225 0H1.771C.792 0 0 .774 0 1.729v20.542C0 23.227.792 24 1.771 24h20.451C23.2 24 24 23.227 24 22.271V1.729C24 .774 23.2 0 22.222 0h.003z"}]}]}],null]}]]}]]}],["$","div",null,{"className":"space-y-6","children":[["$","h4",null,{"className":"text-lg font-medium text-white mb-4","children":"Expert Insights"}],["$","div",null,{"className":"grid gap-4","children":[["$","div","0",{"className":"bg-[#0F0E13] border border-[#FFFFFF10] rounded-lg p-4","children":[["$","div",null,{"className":"flex items-center justify-between mb-3","children":["$","span",null,{"className":"text-xs font-medium text-blue-400 bg-blue-900/20 px-2 py-1 rounded","children":"article"}]}],null,["$","div",null,{"className":"text-gray-300 prose prose-invert max-w-none prose-sm mb-4","dangerouslySetInnerHTML":{"__html":"

\"Cannabis isn’t a niche market anymore. It’s shaping up to be one of the world’s fastest-growing regulated industries, much like alcohol, tobacco and pharma before it.\"

"}}],false,false,["$","div",null,{"className":"mt-4","children":["$","a",null,{"href":"https://www.forbes.com/sites/javierhasse/2025/05/01/this-one-decision-is-costing-america-up-to-10-billion-a-year/","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-blue-400 hover:text-blue-300 text-sm font-medium transition-colors duration-200","aria-label":"Read Here - opens in new tab","children":["Read Here",["$","svg",null,{"className":"ml-1 w-4 h-4","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M10 6H6a2 2 0 00-2 2v10a2 2 0 002 2h10a2 2 0 002-2v-4M14 4h6m0 0v6m0-6L10 14"}]}]]}]}]]}]]}]]}]]}]}],["$","article","2",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200","children":["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"flex flex-col md:flex-row gap-6 mb-6","children":[["$","div",null,{"className":"flex-shrink-0","children":["$","div",null,{"className":"relative w-24 h-24 md:w-32 md:h-32 mx-auto md:mx-0","children":["$","$L18",null,{"src":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747232547.jpeg","alt":"Alan Brochstein profile","fill":true,"className":"rounded-full object-cover","sizes":"(max-width: 768px) 96px, 128px"}]}]}],["$","div",null,{"className":"flex-1 text-center md:text-left","children":[["$","h3",null,{"className":"text-xl md:text-2xl font-semibold text-white mb-2","children":"Alan Brochstein"}],["$","p",null,{"className":"text-blue-400 font-medium mb-2","children":"Founder of New Cannabis Ventures"}],["$","p",null,{"className":"text-gray-300 text-sm","children":["57k"," audience"]}],["$","div",null,{"className":"flex justify-center md:justify-start gap-4 mt-4","children":[["$","a",null,{"href":"https://x.com/Invest420","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-gray-400 hover:text-white transition-colors duration-200","aria-label":"View Alan Brochstein's X profile - opens in new tab","children":["$","svg",null,{"className":"w-5 h-5","fill":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"d":"M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z"}]}]}],["$","a",null,{"href":"https://www.linkedin.com/in/alanbrochstein/","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-gray-400 hover:text-white transition-colors duration-200","aria-label":"View Alan Brochstein's LinkedIn profile - opens in new tab","children":["$","svg",null,{"className":"w-5 h-5","fill":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"d":"M20.447 20.452h-3.554v-5.569c0-1.328-.027-3.037-1.852-3.037-1.853 0-2.136 1.445-2.136 2.939v5.667H9.351V9h3.414v1.561h.046c.477-.9 1.637-1.85 3.37-1.85 3.601 0 4.267 2.37 4.267 5.455v6.286zM5.337 7.433c-1.144 0-2.063-.926-2.063-2.065 0-1.138.92-2.063 2.063-2.063 1.14 0 2.064.925 2.064 2.063 0 1.139-.925 2.065-2.064 2.065zm1.782 13.019H3.555V9h3.564v11.452zM22.225 0H1.771C.792 0 0 .774 0 1.729v20.542C0 23.227.792 24 1.771 24h20.451C23.2 24 24 23.227 24 22.271V1.729C24 .774 23.2 0 22.222 0h.003z"}]}]}],null]}]]}]]}],["$","div",null,{"className":"space-y-6","children":[["$","h4",null,{"className":"text-lg font-medium text-white mb-4","children":"Expert Insights"}],["$","div",null,{"className":"grid gap-4","children":[["$","div","0",{"className":"bg-[#0F0E13] border border-[#FFFFFF10] rounded-lg p-4","children":[["$","div",null,{"className":"flex items-center justify-between mb-3","children":["$","span",null,{"className":"text-xs font-medium text-blue-400 bg-blue-900/20 px-2 py-1 rounded","children":"linkedin"}]}],null,["$","div",null,{"className":"text-gray-300 prose prose-invert max-w-none prose-sm mb-4","dangerouslySetInnerHTML":{"__html":"

\"This American cannabis company is part of the Global Cannabis Stock Index and just raised $50 million.\"

"}}],false,false,["$","div",null,{"className":"mt-4","children":["$","a",null,{"href":"https://www.linkedin.com/posts/alanbrochstein_glass-house-extends-debt-activity-7302307577307009024-Pth7?utm_source=share&utm_medium=member_desktop&rcm=ACoAADi_UGgBV09VZOFOlomEt7u8eKq7q5x3oXo","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-blue-400 hover:text-blue-300 text-sm font-medium transition-colors duration-200","aria-label":"See More - opens in new tab","children":["See More",["$","svg",null,{"className":"ml-1 w-4 h-4","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M10 6H6a2 2 0 00-2 2v10a2 2 0 002 2h10a2 2 0 002-2v-4M14 4h6m0 0v6m0-6L10 14"}]}]]}]}]]}]]}]]}]]}]}],["$","article","3",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200","children":["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"flex flex-col md:flex-row gap-6 mb-6","children":[["$","div",null,{"className":"flex-shrink-0","children":["$","div",null,{"className":"relative w-24 h-24 md:w-32 md:h-32 mx-auto md:mx-0","children":["$","$L18",null,{"src":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747233525.jpeg","alt":"Nik Faes profile","fill":true,"className":"rounded-full object-cover","sizes":"(max-width: 768px) 96px, 128px"}]}]}],["$","div",null,{"className":"flex-1 text-center md:text-left","children":[["$","h3",null,{"className":"text-xl md:text-2xl font-semibold text-white mb-2","children":"Nik Faes"}],["$","p",null,{"className":"text-blue-400 font-medium mb-2","children":"Cannabis & AgriTech researcher"}],["$","p",null,{"className":"text-gray-300 text-sm","children":["2k"," audience"]}],["$","div",null,{"className":"flex justify-center md:justify-start gap-4 mt-4","children":[null,null,null]}]]}]]}],["$","div",null,{"className":"space-y-6","children":[["$","h4",null,{"className":"text-lg font-medium text-white mb-4","children":"Expert Insights"}],["$","div",null,{"className":"grid gap-4","children":[["$","div","0",{"className":"bg-[#0F0E13] border border-[#FFFFFF10] rounded-lg p-4","children":[["$","div",null,{"className":"flex items-center justify-between mb-3","children":["$","span",null,{"className":"text-xs font-medium text-blue-400 bg-blue-900/20 px-2 py-1 rounded","children":"linkedin"}]}],null,["$","div",null,{"className":"text-gray-300 prose prose-invert max-w-none prose-sm mb-4","dangerouslySetInnerHTML":{"__html":"

“Last year US state legal cannabis sales reached USD29.5bn and we expect that to grow by 10% this to USD32.4bn and to USD40.3bn in 2027.”

"}}],false,false,["$","div",null,{"className":"mt-4","children":["$","a",null,{"href":"https://www.linkedin.com/posts/nik-faes-42b34b28_us-mso-overview-activity-7201218315510267904-wmJj?utm_source=share&utm_medium=member_desktop&rcm=ACoAADi_UGgBV09VZOFOlomEt7u8eKq7q5x3oXo","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-blue-400 hover:text-blue-300 text-sm font-medium transition-colors duration-200","aria-label":"See More - opens in new tab","children":["See More",["$","svg",null,{"className":"ml-1 w-4 h-4","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M10 6H6a2 2 0 00-2 2v10a2 2 0 002 2h10a2 2 0 002-2v-4M14 4h6m0 0v6m0-6L10 14"}]}]]}]}]]}]]}]]}]]}]}]]}]]}]}]]}],["$","div",null,{"className":"md:gap-8 px-4 sm:px-8 lg:px-16 xl:px-32 w-full relative ","children":[["$","div",null,{"id":"investor-materials","className":"absolute h-20 -top-28 left-0 invisible w-full"}],["$","div",null,{"className":"max-w-[1200px] mx-auto","children":["$","section",null,{"aria-label":"Investor Materials","children":[["$","header",null,{"className":"text-center mb-12","children":[["$","h2",null,{"className":"text-2xl md:text-3xl font-semibold text-white mb-4","children":"Investor Materials"}],["$","p",null,{"className":"text-gray-300 max-w-2xl mx-auto","children":"Access the most recent investor updates published by the company."}]]}],["$","div",null,{"className":"space-y-16","children":[["$","div","0",{"className":"space-y-8","children":[["$","div",null,{"className":"text-center","children":["$","h3",null,{"className":"text-xl font-medium text-white mb-4","children":"Key Resources"}]}],["$","div",null,{"className":"grid gap-6","children":[["$","div",null,{"className":"grid grid-cols-1 md:grid-cols-2 gap-6","children":[["$","div","0",{"className":"aspect-video","children":["$","iframe",null,{"src":"https://www.youtube.com/embed/ak23shjaGIA?start=undefined","title":"Watch Here","className":"w-full h-full rounded-lg","allowFullScreen":true,"loading":"lazy"}]}]]}],["$","div",null,{"className":"grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-6","children":[["$","article","0",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200","children":["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"mb-4","children":[["$","h4",null,{"className":"text-lg font-medium text-white mb-2","children":"Investor Presentation"}],["$","span",null,{"className":"inline-block px-3 py-1 rounded-full text-xs font-medium bg-red-900/30 text-red-300","children":"PDF"}]]}],null,["$","footer",null,{"children":["$","a",null,{"href":"https://glasshousebrands.com/wp-content/uploads/2025/05/GHB-Q125-Investor-Presentation-5.13_vC.pdf","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-blue-400 hover:text-blue-300 text-sm font-medium transition-colors duration-200","aria-label":"View PDF: Investor Presentation - opens in new tab","children":["View PDF",["$","svg",null,{"className":"ml-1 w-4 h-4","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M10 6H6a2 2 0 00-2 2v10a2 2 0 002 2h10a2 2 0 002-2v-4M14 4h6m0 0v6m0-6L10 14"}]}]]}]}]]}]}],["$","article","1",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200","children":["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"mb-4","children":[["$","h4",null,{"className":"text-lg font-medium text-white mb-2","children":"Glass House Brands Announces New $50 Million Senior Secured Loan"}],["$","span",null,{"className":"inline-block px-3 py-1 rounded-full text-xs font-medium bg-blue-900/30 text-blue-300","children":"Article"}]]}],["$","p",null,{"className":"text-gray-300 text-sm mb-4 line-clamp-3","children":"– Maturing on January 31st, 2030, the new senior debt facility replaces our previous senior secured loan that was set to mature in late November 2026, pushing out the final balloon payment by an additional 3 years– The interest rate will be fixed at 8.58% for the term of the loan, significantly lower than the rate paid […]"}],["$","footer",null,{"children":["$","a",null,{"href":"https://glasshousebrands.com/press-release/glass-house-brands-announces-new-50-million-senior-secured-loan/","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-blue-400 hover:text-blue-300 text-sm font-medium transition-colors duration-200","aria-label":"Read article: Glass House Brands Announces New $50 Million Senior Secured Loan - opens in new tab","children":["Read Article",["$","svg",null,{"className":"ml-1 w-4 h-4","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M10 6H6a2 2 0 00-2 2v10a2 2 0 002 2h10a2 2 0 002-2v-4M14 4h6m0 0v6m0-6L10 14"}]}]]}]}]]}]}],["$","article","2",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200","children":["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"mb-4","children":[["$","h4",null,{"className":"text-lg font-medium text-white mb-2","children":"Q4 2024 report"}],["$","span",null,{"className":"inline-block px-3 py-1 rounded-full text-xs font-medium bg-red-900/30 text-red-300","children":"PDF"}]]}],null,["$","footer",null,{"children":["$","a",null,{"href":"https://glasshousebrands.com/wp-content/uploads/2025/03/2024-GHBI-Annual-MDA.pdf","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-blue-400 hover:text-blue-300 text-sm font-medium transition-colors duration-200","aria-label":"View PDF: Q4 2024 report - opens in new tab","children":["View PDF",["$","svg",null,{"className":"ml-1 w-4 h-4","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M10 6H6a2 2 0 00-2 2v10a2 2 0 002 2h10a2 2 0 002-2v-4M14 4h6m0 0v6m0-6L10 14"}]}]]}]}]]}]}]]}]]}]]}]]}]]}]}]]}],["$","div",null,{"className":"md:gap-8 px-4 sm:px-8 lg:px-16 xl:px-32 w-full relative ","children":[["$","div",null,{"id":"external-insights","className":"absolute h-20 -top-28 left-0 invisible w-full"}],["$","div",null,{"className":"max-w-[1200px] mx-auto","children":["$","section",null,{"aria-label":"External Insights","children":[["$","header",null,{"className":"text-center mb-12","children":[["$","h2",null,{"className":"text-2xl md:text-3xl font-semibold text-white mb-4","children":"External Insights"}],["$","p",null,{"className":"text-gray-300 max-w-2xl mx-auto","children":"A curated collection of third-party content relevant to the company and sector to help inform your investment decision."}]]}],["$","div",null,{"className":"space-y-16","children":[["$","div","0",{"className":"space-y-8","children":[["$","div",null,{"className":"text-center","children":["$","h3",null,{"className":"text-xl font-medium text-white mb-4","children":"Cannabis"}]}],["$","div",null,{"className":"grid gap-6","children":[["$","div",null,{"className":"grid grid-cols-1 lg:grid-cols-2 gap-6","children":[[["$","div","0",{"className":"aspect-video","children":["$","iframe",null,{"src":"https://www.youtube.com/embed/T8pH4sP5tvg?start=undefined","title":"Watch Here","className":"w-full h-full rounded-lg","allowFullScreen":true,"loading":"lazy"}]}],["$","div","1",{"className":"aspect-video","children":["$","iframe",null,{"src":"https://www.youtube.com/embed/Kw58XtQ2wgg?start=undefined","title":"Watch Here","className":"w-full h-full rounded-lg","allowFullScreen":true,"loading":"lazy"}]}]],[["$","div","0",{"className":"aspect-video lg:aspect-auto lg:h-[352px]","children":["$","iframe",null,{"src":"https://open.spotify.com/embed/episode/2bi6HizuxTQ4L64YAuvkrV?si=54f3857b4a22477d","title":"Listen Here","className":"w-full h-full rounded-lg","frameBorder":"0","allow":"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture","loading":"lazy"}]}]]]}],["$","div",null,{"className":"grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-6","children":[["$","article","0",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200","children":["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"mb-4","children":[["$","h4",null,{"className":"text-lg font-medium text-white mb-2","children":"Cannabis Co. Glass House Lands $50 Million Loan With Favorable Terms: Why It Matters For The Industry - Glass House Brands (OTC:GLASF), Glass House Brands (OTC:GHBWF)"}],["$","span",null,{"className":"inline-block px-3 py-1 rounded-full text-xs font-medium bg-green-900/30 text-green-300","children":"Article"}]]}],["$","p",null,{"className":"text-gray-300 text-sm mb-4 line-clamp-3","children":"Glass House Brands secures a $50M loan, lowering interest rates and extending debt maturity to 2030, boosting cash flow."}],["$","footer",null,{"children":["$","a",null,{"href":"https://www.benzinga.com/news/financing/25/03/44144264/cannabis-co-glass-house-lands-50-million-loan-with-favorable-terms-why-it-matters-for-the-industry","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-blue-400 hover:text-blue-300 text-sm font-medium transition-colors duration-200","aria-label":"Read article: Cannabis Co. Glass House Lands $50 Million Loan With Favorable Terms: Why It Matters For The Industry - Glass House Brands (OTC:GLASF), Glass House Brands (OTC:GHBWF) - opens in new tab","children":["Read Article",["$","svg",null,{"className":"ml-1 w-4 h-4","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M10 6H6a2 2 0 00-2 2v10a2 2 0 002 2h10a2 2 0 002-2v-4M14 4h6m0 0v6m0-6L10 14"}]}]]}]}]]}]}]]}]]}]]}]]}]]}]}]]}],false,["$","div",null,{"className":"md:gap-8 px-4 sm:px-8 lg:px-16 xl:px-32 w-full relative ","children":[["$","div",null,{"id":"team","className":"absolute h-20 -top-28 left-0 invisible w-full"}],["$","div",null,{"className":"max-w-[1200px] mx-auto","children":["$","section",null,{"aria-label":"Team Members","children":[["$","header",null,{"className":"text-center mb-12","children":[["$","h2",null,{"className":"text-2xl md:text-3xl font-semibold text-white mb-4","children":"Team"}],["$","p",null,{"className":"text-gray-300 max-w-2xl mx-auto","children":"Meet the experienced professionals leading our organization"}]]}],["$","div",null,{"className":"grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-8","children":[["$","article","5298",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200 text-center","children":[["$","div",null,{"className":"relative w-full h-64 bg-gray-800","children":["$","$L18",null,{"src":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238764.jpeg","alt":"Kyle Kazan - undefined","fill":true,"className":"object-cover","sizes":"(max-width: 768px) 100vw, (max-width: 1200px) 50vw, 33vw"}]}],["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"mb-4","children":[["$","h3",null,{"className":"text-xl font-semibold text-white mb-1","children":"Kyle Kazan"}],["$","p",null,{"className":"text-blue-400 font-medium","children":"$undefined"}]]}],"$undefined",["$","footer",null,{"children":["$","a",null,{"href":"https://www.linkedin.com/in/kyle-kazan-5432a820/","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-blue-400 hover:text-blue-300 text-sm font-medium transition-colors duration-200","aria-label":"View Kyle Kazan's LinkedIn profile - opens in new tab","children":[["$","svg",null,{"className":"w-4 h-4 mr-2","fill":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"d":"M20.447 20.452h-3.554v-5.569c0-1.328-.027-3.037-1.852-3.037-1.853 0-2.136 1.445-2.136 2.939v5.667H9.351V9h3.414v1.561h.046c.477-.9 1.637-1.85 3.37-1.85 3.601 0 4.267 2.37 4.267 5.455v6.286zM5.337 7.433c-1.144 0-2.063-.926-2.063-2.065 0-1.138.92-2.063 2.063-2.063 1.14 0 2.064.925 2.064 2.063 0 1.139-.925 2.065-2.064 2.065zm1.782 13.019H3.555V9h3.564v11.452zM22.225 0H1.771C.792 0 0 .774 0 1.729v20.542C0 23.227.792 24 1.771 24h20.451C23.2 24 24 23.227 24 22.271V1.729C24 .774 23.2 0 22.222 0h.003z"}]}],"LinkedIn Profile"]}]}]]}]]}],["$","article","5299",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200 text-center","children":[["$","div",null,{"className":"relative w-full h-64 bg-gray-800","children":["$","$L18",null,{"src":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238830.jpeg","alt":"Graham Farrar - undefined","fill":true,"className":"object-cover","sizes":"(max-width: 768px) 100vw, (max-width: 1200px) 50vw, 33vw"}]}],["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"mb-4","children":[["$","h3",null,{"className":"text-xl font-semibold text-white mb-1","children":"Graham Farrar"}],["$","p",null,{"className":"text-blue-400 font-medium","children":"$undefined"}]]}],"$undefined",["$","footer",null,{"children":["$","a",null,{"href":"https://www.linkedin.com/in/grahamfarrar","target":"_blank","rel":"noopener noreferrer","className":"inline-flex items-center text-blue-400 hover:text-blue-300 text-sm font-medium transition-colors duration-200","aria-label":"View Graham Farrar's LinkedIn profile - opens in new tab","children":[["$","svg",null,{"className":"w-4 h-4 mr-2","fill":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"d":"M20.447 20.452h-3.554v-5.569c0-1.328-.027-3.037-1.852-3.037-1.853 0-2.136 1.445-2.136 2.939v5.667H9.351V9h3.414v1.561h.046c.477-.9 1.637-1.85 3.37-1.85 3.601 0 4.267 2.37 4.267 5.455v6.286zM5.337 7.433c-1.144 0-2.063-.926-2.063-2.065 0-1.138.92-2.063 2.063-2.063 1.14 0 2.064.925 2.064 2.063 0 1.139-.925 2.065-2.064 2.065zm1.782 13.019H3.555V9h3.564v11.452zM22.225 0H1.771C.792 0 0 .774 0 1.729v20.542C0 23.227.792 24 1.771 24h20.451C23.2 24 24 23.227 24 22.271V1.729C24 .774 23.2 0 22.222 0h.003z"}]}],"LinkedIn Profile"]}]}]]}]]}],["$","article","5300",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200 text-center","children":[["$","div",null,{"className":"relative w-full h-64 bg-gray-800","children":["$","$L18",null,{"src":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238642.jpeg","alt":"Mark Vendetti - undefined","fill":true,"className":"object-cover","sizes":"(max-width: 768px) 100vw, (max-width: 1200px) 50vw, 33vw"}]}],["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"mb-4","children":[["$","h3",null,{"className":"text-xl font-semibold text-white mb-1","children":"Mark Vendetti"}],["$","p",null,{"className":"text-blue-400 font-medium","children":"$undefined"}]]}],"$undefined",null]}]]}],["$","article","5301",{"className":"bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden hover:border-[#FFFFFF30] transition-colors duration-200 text-center","children":[["$","div",null,{"className":"relative w-full h-64 bg-gray-800","children":["$","$L18",null,{"src":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238723.jpeg","alt":"Hilal Tabsh - undefined","fill":true,"className":"object-cover","sizes":"(max-width: 768px) 100vw, (max-width: 1200px) 50vw, 33vw"}]}],["$","div",null,{"className":"p-6","children":[["$","header",null,{"className":"mb-4","children":[["$","h3",null,{"className":"text-xl font-semibold text-white mb-1","children":"Hilal Tabsh"}],["$","p",null,{"className":"text-blue-400 font-medium","children":"$undefined"}]]}],"$undefined",null]}]]}]]}]]}]}]]}],["$","div",null,{"className":"md:gap-8 px-4 sm:px-8 lg:px-16 xl:px-32 w-full relative md:max-w-[800px] mx-auto my-8 md:!px-0","children":[["$","div",null,{"id":"faq","className":"absolute h-20 -top-28 left-0 invisible w-full"}],["$","div",null,{"className":"max-w-[1200px] mx-auto","children":["$","section",null,{"aria-label":"Frequently Asked Questions","children":[["$","header",null,{"className":"flex flex-col w-full items-center mb-4","children":["$","div",null,{"className":"flex flex-col gap-1 md:gap-4","children":[["$","h2",null,{"className":"text-xl md:text-[36px] max-w-[584px] md:w-full md:text-center font-semibold text-white","children":"What the Pro's Are Asking"}],["$","p",null,{"className":"text-dark-text md:text-center text-base max-w-[584px]","children":"Here are the questions that professional investors are asking before making an investment decision."}]]}]}],["$","div",null,{"className":"space-y-4","children":[["$","details","6606",{"className":"group bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden","children":[["$","summary",null,{"className":"flex items-center justify-between p-4 cursor-pointer hover:bg-[#2A2930] transition-colors duration-200","children":[["$","h3",null,{"className":"text-white font-medium pr-4","children":"How does Glass House sustain margins in a falling price environment?"}],["$","svg",null,{"className":"w-5 h-5 text-gray-400 transform transition-transform duration-200 group-open:rotate-180 flex-shrink-0","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M19 9l-7 7-7-7"}]}]]}],["$","div",null,{"className":"px-4 pb-4","children":["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

The company's margin resilience is anchored by its unmatched cost efficiency. Even as California wholesale prices declined 21% year-over-year in Q1 2025, Glass House cut cultivation costs by 29%, reaching $123 per pound on average. Its energy-efficient greenhouses, vertical integration, and lean operations allow it to remain profitable when peers struggle. Moreover, its mix of branded and bulk sales provides flexibility to optimize product pricing based on market conditions.

"}}]}]]}],["$","details","6607",{"className":"group bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden","children":[["$","summary",null,{"className":"flex items-center justify-between p-4 cursor-pointer hover:bg-[#2A2930] transition-colors duration-200","children":[["$","h3",null,{"className":"text-white font-medium pr-4","children":"What is the strategic significance of Greenhouse 2?"}],["$","svg",null,{"className":"w-5 h-5 text-gray-400 transform transition-transform duration-200 group-open:rotate-180 flex-shrink-0","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M19 9l-7 7-7-7"}]}]]}],["$","div",null,{"className":"px-4 pb-4","children":["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

Greenhouse 2 represents the next step in Glass House’s capacity expansion, adding up to 275,000 pounds of annual biomass with enhanced light-assisted cultivation. It allows for year-round high-quality flower production, which could command better pricing than standard greenhouse product. Crucially, it gives the company scale to meet rising demand without sacrificing margins. Initial cannabis revenue from this site is expected by the end of 2025, and its hybrid setup may also support future national shipments if regulations evolve.

"}}]}]]}],["$","details","6608",{"className":"group bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden","children":[["$","summary",null,{"className":"flex items-center justify-between p-4 cursor-pointer hover:bg-[#2A2930] transition-colors duration-200","children":[["$","h3",null,{"className":"text-white font-medium pr-4","children":"Can hemp-derived THC really be a national opportunity?"}],["$","svg",null,{"className":"w-5 h-5 text-gray-400 transform transition-transform duration-200 group-open:rotate-180 flex-shrink-0","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M19 9l-7 7-7-7"}]}]]}],["$","div",null,{"className":"px-4 pb-4","children":["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

Yes, particularly under current interpretations of the 2018 Farm Bill. Glass House is testing compliant hemp cultivars in Greenhouse 4 and expects to begin generating hemp revenue before the end of 2025. These products can potentially be shipped across state lines to markets without licensed cannabis programs, creating a major new revenue stream. However, regulatory oversight is increasing, and the company will need to adapt to future state or federal changes around intoxicating hemp products.

"}}]}]]}],["$","details","6609",{"className":"group bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden","children":[["$","summary",null,{"className":"flex items-center justify-between p-4 cursor-pointer hover:bg-[#2A2930] transition-colors duration-200","children":[["$","h3",null,{"className":"text-white font-medium pr-4","children":"How is Glass House managing retail expansion with thin margins?"}],["$","svg",null,{"className":"w-5 h-5 text-gray-400 transform transition-transform duration-200 group-open:rotate-180 flex-shrink-0","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M19 9l-7 7-7-7"}]}]]}],["$","div",null,{"className":"px-4 pb-4","children":["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

The $9.99 Allswell eighths strategy is a bold move to attract price-sensitive consumers, particularly younger demographics. Despite the lower price point, increased foot traffic, vendor discounts, and disciplined store operations have led to higher gross profit dollars. In Q4 2024, retail revenue rose 23% year-over-year while gross profit also increased. Glass House’s retail team focuses on cost control, high-turn SKUs, and renegotiating supplier terms, helping to maintain healthy unit economics.

"}}]}]]}],["$","details","6610",{"className":"group bg-[#1B1A1F] border border-[#FFFFFF15] rounded-lg overflow-hidden","children":[["$","summary",null,{"className":"flex items-center justify-between p-4 cursor-pointer hover:bg-[#2A2930] transition-colors duration-200","children":[["$","h3",null,{"className":"text-white font-medium pr-4","children":"What’s the plan for preferred equity?"}],["$","svg",null,{"className":"w-5 h-5 text-gray-400 transform transition-transform duration-200 group-open:rotate-180 flex-shrink-0","fill":"none","stroke":"currentColor","viewBox":"0 0 24 24","aria-hidden":"true","children":["$","path",null,{"strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":2,"d":"M19 9l-7 7-7-7"}]}]]}],["$","div",null,{"className":"px-4 pb-4","children":["$","div",null,{"className":"text-[#D9D7DB] prose prose-invert max-w-none prose-sm","dangerouslySetInnerHTML":{"__html":"

Refinancing Series B and C preferred equity is a top capital allocation priority for 2025. These instruments are currently dilutive and expensive, putting pressure on common equity holders. Management is exploring options to reduce this burden, including restructuring, partial repayments, or equity conversions. Resolving this issue would significantly improve Glass House’s financial flexibility and make the stock more attractive to long-term investors.

"}}]}]]}]]}]]}]}]]}]]}],["$","$Lb",null,{"id":"financial-product-schema","type":"application/ld+json","dangerouslySetInnerHTML":{"__html":"{\"@context\":\"https://schema.org\",\"@type\":\"FinancialProduct\",\"name\":\"Glass House Brands\",\"industry\":\"BLT (Business Services, Leisure, Travel)\",\"description\":\"Cultivating Cannabis Profits in California's Tough Market - Perfectly Positioned for a US Roadtrip\",\"url\":\"https://app.curationconnect.com/company/Glass-House-Brands-65788\",\"image\":\"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747318587.jpeg\",\"identifier\":\"GLASF\",\"exchange\":\"OTCMKTS\",\"price\":5.09,\"priceCurrency\":\"USD\",\"priceChange\":3.03,\"marketCap\":364714584,\"peRatio\":46.16,\"provider\":{\"@type\":\"Organization\",\"name\":\"Curation Connect\",\"url\":\"https://app.curationconnect.com\"}}"}}],["$","$Lb",null,{"id":"hero-video-schema","type":"application/ld+json","dangerouslySetInnerHTML":{"__html":"{\"@context\":\"https://schema.org\",\"@type\":\"VideoObject\",\"name\":\"Glass House Brands Overview Video\",\"description\":\"Cultivating Cannabis Profits in California's Tough Market - Perfectly Positioned for a US Roadtrip\",\"thumbnailUrl\":\"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747318587.jpeg\",\"uploadDate\":\"2025-06-16T19:20:49.454Z\",\"embedUrl\":\"https://www.youtube.com/embed/CQwc9E8enAE?start=undefined\",\"publisher\":{\"@type\":\"Organization\",\"name\":\"Curation Connect\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https://app.curationconnect.com/logo.png\"}}}"}}],["$","$Lb",null,{"id":"ceo-interview-schema","type":"application/ld+json","dangerouslySetInnerHTML":{"__html":"{\"@context\":\"https://schema.org\",\"@type\":\"VideoObject\",\"name\":\"CEO Interview\",\"description\":\"Interview with the CEO of Glass House Brands\",\"thumbnailUrl\":\"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747318587.jpeg\",\"uploadDate\":\"2025-06-16T19:20:49.454Z\",\"embedUrl\":\"https://www.youtube.com/embed/8IGgC68ZtHE?start=undefined\",\"publisher\":{\"@type\":\"Organization\",\"name\":\"Curation Connect\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https://app.curationconnect.com/logo.png\"}}}"}}],["$","$Lb",null,{"id":"faq-schema","type":"application/ld+json","dangerouslySetInnerHTML":{"__html":"$1b"}}],false,["$","$Lb",null,{"id":"team-schema","type":"application/ld+json","dangerouslySetInnerHTML":{"__html":"{\"@context\":\"https://schema.org\",\"@type\":\"Organization\",\"name\":\"Glass House Brands\",\"employee\":[{\"@type\":\"Person\",\"name\":\"Kyle Kazan\",\"image\":\"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238764.jpeg\",\"sameAs\":[\"https://www.linkedin.com/in/kyle-kazan-5432a820/\"],\"worksFor\":{\"@type\":\"Organization\",\"name\":\"Glass House Brands\"}},{\"@type\":\"Person\",\"name\":\"Graham Farrar\",\"image\":\"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238830.jpeg\",\"sameAs\":[\"https://www.linkedin.com/in/grahamfarrar\"],\"worksFor\":{\"@type\":\"Organization\",\"name\":\"Glass House Brands\"}},{\"@type\":\"Person\",\"name\":\"Mark Vendetti\",\"image\":\"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238642.jpeg\",\"worksFor\":{\"@type\":\"Organization\",\"name\":\"Glass House Brands\"}},{\"@type\":\"Person\",\"name\":\"Hilal Tabsh\",\"image\":\"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238723.jpeg\",\"worksFor\":{\"@type\":\"Organization\",\"name\":\"Glass House Brands\"}}]}"}}],["$","$Lb",null,{"id":"investment-thesis-schema","type":"application/ld+json","dangerouslySetInnerHTML":{"__html":"$1c"}}],["$","$Lb",null,{"id":"experts-schema","type":"application/ld+json","dangerouslySetInnerHTML":{"__html":"$1d"}}],["$","$Lb",null,{"id":"investor-materials-schema","type":"application/ld+json","dangerouslySetInnerHTML":{"__html":"$1e"}}],["$","$Lb",null,{"id":"external-insights-schema","type":"application/ld+json","dangerouslySetInnerHTML":{"__html":"$1f"}}],["$","div",null,{"className":"w-full","children":["$","$L20",null,{"data":{"project_id":null,"showcase_id":3175,"assistant_id":"asst_ds5qcaqcYNHu3xpZL3pwMYmJ","enable_curation_ai":true,"agent_id":null,"intent":null,"title":"Glass House Brands","description":"cannabis company focused exclusively on the California market.","type":"text","private_showcase":false,"logo":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747318587.jpeg","x_link":null,"showcase_heading":"High Hopes Heading for the Highway","executive_summary_title":null,"executive_summary":"$21","investor_relations_link":"https://app.curationconnect.com/account/signup","investor_relations_label":"+Watchlist","graph_link":"https://jika.io/embed/area-chart?symbol=GLASF&selection=one_year&closeKey=close&boxShadow=true&graphColor=1652f0&textColor=161c2d&backgroundColor=FFFFFF&fontFamily=Nunito&","contact_email":"nirav.karia@curationcorp.com","slug":"Glass-House-Brands-65788","status":"live","usp_cta":null,"usp_cta_link":null,"catalyst_cta":null,"catalyst_cta_link":null,"teaser_video":"https://www.youtube.com/watch?v=CQwc9E8enAE&ab_channel=GlassHouseBrands","teaser_video_iframe_url":"https://www.youtube.com/embed/CQwc9E8enAE?start=undefined","teaser_video_label":"Watch Video","teaser_video_title":null,"teaser_video_caption":null,"x_link_label":null,"hero_caption":"Cultivating Cannabis Profits in California's Tough Market - Perfectly Positioned for a US Roadtrip","hero_cta_label":null,"hero_cta_link":null,"hubspot_enabled":false,"disclaimer":null,"discovery_cover_image":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747229672.jpeg","discovery_caption":"California-based cannabis company","updated_at":"2025-05-15 14:16:37","usps":[{"title":"Lowest Cost Wins","description":"

","video":null,"video_iframe_url":null},{"title":"Fully Integrated Ecosystem","description":"

","video":null,"video_iframe_url":null},{"title":"Optionality Beyond California","description":"

","video":null,"video_iframe_url":null}],"company_contents":[{"theme":"Key Resources","contents":[{"title":"Investor Presentation","content":"https://glasshousebrands.com/wp-content/uploads/2025/05/GHB-Q125-Investor-Presentation-5.13_vC.pdf","type":"pdf","description":null,"content_iframe_url":null,"showcase_company_content_theme_id":3851},{"title":"Watch Here","content":"https://www.youtube.com/watch?v=ak23shjaGIA&ab_channel=JoshHoltzman","type":"video","description":"Enjoy the videos and music that you love, upload original content and share it all with friends, family and the world on YouTube.","content_iframe_url":"https://www.youtube.com/embed/ak23shjaGIA?start=undefined","showcase_company_content_theme_id":3851},{"title":"Glass House Brands Announces New $50 Million Senior Secured Loan","content":"https://glasshousebrands.com/press-release/glass-house-brands-announces-new-50-million-senior-secured-loan/","type":"article","description":"– Maturing on January 31st, 2030, the new senior debt facility replaces our previous senior secured loan that was set to mature in late November 2026, pushing out the final balloon payment by an additional 3 years– The interest rate will be fixed at 8.58% for the term of the loan, significantly lower than the rate paid […]","content_iframe_url":null,"showcase_company_content_theme_id":3851},{"title":"Q4 2024 report","content":"https://glasshousebrands.com/wp-content/uploads/2025/03/2024-GHBI-Annual-MDA.pdf","type":"pdf","description":null,"content_iframe_url":null,"showcase_company_content_theme_id":3851}]}],"external_insights":[{"theme":"Cannabis","contents":[{"title":"Watch Here","content":"https://www.youtube.com/watch?v=T8pH4sP5tvg&ab_channel=FOX40News","type":"video","description":"Enjoy the videos and music that you love, upload original content and share it all with friends, family and the world on YouTube.","content_iframe_url":"https://www.youtube.com/embed/T8pH4sP5tvg?start=undefined","showcase_external_insight_theme_id":3713},{"title":"Watch Here","content":"https://www.youtube.com/watch?v=Kw58XtQ2wgg&ab_channel=BenzingaCannabis","type":"video","description":"Enjoy the videos and music that you love, upload original content and share it all with friends, family and the world on YouTube.","content_iframe_url":"https://www.youtube.com/embed/Kw58XtQ2wgg?start=undefined","showcase_external_insight_theme_id":3713},{"title":"Cannabis Co. Glass House Lands $50 Million Loan With Favorable Terms: Why It Matters For The Industry - Glass House Brands (OTC:GLASF), Glass House Brands (OTC:GHBWF)","content":"https://www.benzinga.com/news/financing/25/03/44144264/cannabis-co-glass-house-lands-50-million-loan-with-favorable-terms-why-it-matters-for-the-industry","type":"article","description":"Glass House Brands secures a $50M loan, lowering interest rates and extending debt maturity to 2030, boosting cash flow.","content_iframe_url":null,"showcase_external_insight_theme_id":3713},{"title":"Listen Here","content":"https://open.spotify.com/embed/episode/2bi6HizuxTQ4L64YAuvkrV?si=54f3857b4a22477d","type":"podcast","description":null,"content_iframe_url":null,"showcase_external_insight_theme_id":3713}]}],"experts":[{"id":5727,"name":"Jesse Redmond","image":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747232434.jpeg","expertise":"Head of Cannabis at Water Tower Research","audience":"16k","x_link":"https://x.com/jesseredmond?lang=en","linkedin":"https://www.linkedin.com/in/jesseredmond/","website":null,"quotes":[{"id":7687,"showcase_expert_id":5727,"platform":"linkedin","type":"text","content":"$22","cta_label":"See More","cta_link":"https://www.linkedin.com/posts/jesseredmond_earnings-for-most-cannabis-companies-have-activity-7328080083905060866-01n0?utm_source=share&utm_medium=member_desktop&rcm=ACoAADi_UGgBV09VZOFOlomEt7u8eKq7q5x3oXo","title":null}]},{"id":5728,"name":"Javier Hasse","image":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747234099.jpeg","expertise":"CEO, El Planteo","audience":"25k","x_link":"https://x.com/JavierHasse","linkedin":"https://www.linkedin.com/in/javierhasse/","website":null,"quotes":[{"id":7688,"showcase_expert_id":5728,"platform":"article","type":"text","content":"

\"Cannabis isn’t a niche market anymore. It’s shaping up to be one of the world’s fastest-growing regulated industries, much like alcohol, tobacco and pharma before it.\"

","cta_label":"Read Here","cta_link":"https://www.forbes.com/sites/javierhasse/2025/05/01/this-one-decision-is-costing-america-up-to-10-billion-a-year/","title":null}]},{"id":5729,"name":"Alan Brochstein","image":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747232547.jpeg","expertise":"Founder of New Cannabis Ventures","audience":"57k","x_link":"https://x.com/Invest420","linkedin":"https://www.linkedin.com/in/alanbrochstein/","website":null,"quotes":[{"id":7689,"showcase_expert_id":5729,"platform":"linkedin","type":"text","content":"

\"This American cannabis company is part of the Global Cannabis Stock Index and just raised $50 million.\"

","cta_label":"See More","cta_link":"https://www.linkedin.com/posts/alanbrochstein_glass-house-extends-debt-activity-7302307577307009024-Pth7?utm_source=share&utm_medium=member_desktop&rcm=ACoAADi_UGgBV09VZOFOlomEt7u8eKq7q5x3oXo","title":null}]},{"id":5730,"name":"Nik Faes","image":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747233525.jpeg","expertise":"Cannabis & AgriTech researcher","audience":"2k","x_link":null,"linkedin":null,"website":null,"quotes":[{"id":7690,"showcase_expert_id":5730,"platform":"linkedin","type":"text","content":"

“Last year US state legal cannabis sales reached USD29.5bn and we expect that to grow by 10% this to USD32.4bn and to USD40.3bn in 2027.”

","cta_label":"See More","cta_link":"https://www.linkedin.com/posts/nik-faes-42b34b28_us-mso-overview-activity-7201218315510267904-wmJj?utm_source=share&utm_medium=member_desktop&rcm=ACoAADi_UGgBV09VZOFOlomEt7u8eKq7q5x3oXo","title":null}]}],"catalysts":[{"id":5674,"showcase_id":3175,"type":"short","description":"

Greenhouse 2 is part of Glass House Brands’ flagship cultivation site in Camarillo, California—one of the largest cannabis greenhouse facilities in the U.S., spanning 5.5 million square feet. The company expects initial cannabis revenue from Greenhouse 2 in Q4 2025, with annual output projected at 275,000 pounds once fully operational.
Rollout of new CPG formats like sleep-focused PLUS gummies and Allswell price-points driving consumer demand.
Potential expansion into interstate hemp-derived cannabis markets as regulatory clarity improves. With hemp federally legal under the 2018 Farm Bill, Glass House could begin nationwide sales by year-end.
Continued decline in cultivation costs could hit $100/lb target by end-2025, boosting margin outlook.

","cta_name":null,"cta_link":null,"video":null,"video_iframe_url":null},{"id":5675,"showcase_id":3175,"type":"medium","description":"

Expansion of hemp-derived cannabis sales to new U.S. states without medical or adult-use programs. As federal and state-level clarity on hemp regulation improves through 2026–2027, Glass House could grow its distribution footprint substantially.
Commercial launch of additional greenhouse phases (e.g., Greenhouse 3 retrofits) by 2027 could add new high-margin capacity and sustain growth momentum.

","cta_name":null,"cta_link":null,"video":null,"video_iframe_url":null},{"id":5676,"showcase_id":3175,"type":"long","description":"

Federal rescheduling of cannabis from Schedule I to III could unlock institutional capital and broaden market access. This reclassification would reduce financial and legal restrictions on cannabis operations, potentially enabling Glass House to access banking services, list on major U.S. exchanges, and attract a broader institutional investor base.
National branding of Allswell or PLUS could allow expansion beyond California, leveraging cost and quality advantages. With a reputation for low-cost, high-quality cannabis products, Glass House could scale its CPG brands nationally—either through hemp-derived THC products or eventual interstate cannabis commerce—establishing itself as a household name in the sector.

","cta_name":null,"cta_link":null,"video":null,"video_iframe_url":null}],"ceo_interviews":[{"id":3278,"showcase_id":3175,"title":null,"video":"https://www.youtube.com/watch?v=8IGgC68ZtHE&ab_channel=TheDalesReport","video_iframe_url":"https://www.youtube.com/embed/8IGgC68ZtHE?start=undefined","cover_image":null}],"faqs":[{"id":6606,"showcase_id":3175,"question":"How does Glass House sustain margins in a falling price environment?","answer":"

","video":null,"video_iframe_url":null},{"id":6607,"showcase_id":3175,"question":"What is the strategic significance of Greenhouse 2?","answer":"

","video":null,"video_iframe_url":null},{"id":6608,"showcase_id":3175,"question":"Can hemp-derived THC really be a national opportunity?","answer":"

","video":null,"video_iframe_url":null},{"id":6609,"showcase_id":3175,"question":"How is Glass House managing retail expansion with thin margins?","answer":"

","video":null,"video_iframe_url":null},{"id":6610,"showcase_id":3175,"question":"What’s the plan for preferred equity?","answer":"

","video":null,"video_iframe_url":null}],"researches":[],"articles":[],"team_members":[{"id":5298,"showcase_id":3175,"name":"Kyle Kazan","role":"Co-founder, Chairman & CEO","image":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238764.jpeg","linkedin":"https://www.linkedin.com/in/kyle-kazan-5432a820/","x_link":null,"description":"

Kyle Kazan is a veteran investor with over 20 years of experience in private equity, fund management, and real estate, having launched 23 funds with assets exceeding $2.75 billion. He pivoted to cannabis in 2016, merging four funds to create Glass House Brands. A former teacher and law enforcement officer, Kyle is a vocal advocate for police reform and drug policy change, regularly speaking through LEAP and in national media.

"},{"id":5299,"showcase_id":3175,"name":"Graham Farrar","role":"Co-founder, President & Board Director","image":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238830.jpeg","linkedin":"https://www.linkedin.com/in/grahamfarrar","x_link":null,"description":"

Graham is a serial entrepreneur who began his career as part of the original team at Software.com, taking the company public in 1999. Shortly thereafter, he served on the board of Seacology and was part of the founding team at Sonos, where he was involved with product design, development, sales, and customer support. After Sonos, Farrar served as a board member for Heal the Ocean, was a founder and partner of ebook publishers iStoryTime Inc. and zuuka, and founded a Santa Barbara luxury rental company. He first ventured into the regulated cannabis industry by founding Elite Garden Wholesale, an agriculture technology company focused on developing products for the hydroponics industry.

"},{"id":5300,"showcase_id":3175,"name":"Mark Vendetti","role":"Chief Financial Officer","image":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238642.jpeg","linkedin":null,"x_link":null,"description":"$23"},{"id":5301,"showcase_id":3175,"name":"Hilal Tabsh","role":"Chief Revenue Officer","image":"https://curation-api-production-assets.s3.eu-west-2.amazonaws.com/5/1747238723.jpeg","linkedin":null,"x_link":null,"description":"$24"}],"showcase_stocks":{"id":3065,"showcase_id":3175,"exchange":"OTCMKTS","symbol":"GLASF","price":5.09,"change_percent":3.03,"average_volume":95516,"marketcap":364714584,"pe_ratio":46.16,"raise_amount":null,"equity_offered":null,"valuation":null,"revenue":null,"market_opportunity":null,"raise_amount_currency":null,"valuation_currency":null,"revenue_currency":null,"market_opportunity_currency":null,"target_price":null,"price_target_disclaimer":null},"stock_symbol":"OTC:GLASF","exchange":"OTCMKTS","symbol":"GLASF","price":5.09,"change_percent":3.03,"average_volume":95516,"marketcap":364714584,"pe_ratio":46.16,"raise_amount":null,"equity_offered":null,"valuation":null,"revenue":null,"market_opportunity":null,"raise_amount_currency":null,"valuation_currency":null,"revenue_currency":null,"market_opportunity_currency":null,"target_price":null,"price_target_disclaimer":null,"target_price_change_percentage":null,"buy":[{"id":5059,"showcase_id":3175,"type":"buy","title":"Defensible economic moat","caption":"Glasshouse have driven down cultivation costs while maintaining premium product quality."},{"id":5060,"showcase_id":3175,"type":"buy","title":"Fully Integrated Ecosystem","caption":"Glass House owns and operates every part of its supply chain across retail, CPG and wholesale."},{"id":5061,"showcase_id":3175,"type":"buy","title":"Optionality Beyond California","caption":"Hemp export and Greenhouse 2 add future upside."}],"sell":[{"id":5062,"showcase_id":3175,"type":"sell","title":"Pricing Pressure","caption":"California market still facing wholesale price volatility."},{"id":5063,"showcase_id":3175,"type":"sell","title":"Licensing Risks","caption":"Regulatory delays could stall Greenhouse 2 cannabis use."},{"id":5064,"showcase_id":3175,"type":"sell","title":"Balance Sheet Constraints","caption":"High-cost preferred equity still burdens capital."}],"key_risks":[{"id":2518,"showcase_id":3175,"title":"Pricing Pressure in California","description":"

","video":"https://google.com","video_iframe_url":null},{"id":2519,"showcase_id":3175,"title":"Regulatory Delays","description":"

","video":"https://google.com","video_iframe_url":null},{"id":2520,"showcase_id":3175,"title":"Capital Structure & Refinancing Needs","description":"

","video":"https://google.com","video_iframe_url":null}],"industries":[{"id":1521,"industry_id":2,"name":"BLT (Business Services, Leisure, Travel)"}],"tag":{"id":860,"showcase_id":3175,"company_size":"small","region":"usa","type_of_stock":"gowth","revenue_stage":"post_revenue","mag7":false,"buy_back":false,"income":false,"debt":true,"management_ownership_more_than_5_percent":true},"prompts":[{"id":351,"showcase_id":3175,"sequence":1,"question":"What are the company's revenues?"},{"id":352,"showcase_id":3175,"sequence":2,"question":"Is the company profitable?"},{"id":353,"showcase_id":3175,"sequence":3,"question":"How much cash does it have?"},{"id":354,"showcase_id":3175,"sequence":4,"question":"Who are the top 5 biggest shareholders?"},{"id":355,"showcase_id":3175,"sequence":5,"question":"Tell me about the CEO's background"},{"id":356,"showcase_id":3175,"sequence":6,"question":"Who are the major competitors?"},{"id":357,"showcase_id":3175,"sequence":7,"question":"What is the market opportunity?"}]},"slug":"Glass-House-Brands-65788"}]}]]}]