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Glass House Brands reports Q1 2026 revenue of $40.5M with plans to produce 1M pounds of cannabis biomass in 2026.

Company Fundamentals
13 May 2026
GlobeNewsWire
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Neutral
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Glass House Brands announced Q1 2026 revenue of $40.5 million, slightly down from $44.8 million a year ago, with a gross margin of 25% and negative adjusted EBITDA of $4.2 million. The company is focusing on expanding production capacity, targeting approximately 1 million pounds of cannabis biomass for 2026 and aiming to reduce production costs to $95 per pound in the second half of the year. Glass House also highlighted progress in medical cannabis rescheduling and DEA registration, which could open new markets and improve profitability. Despite short-term cost pressures, management remains confident in revenue growth and operational improvements throughout 2026.

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