Glass House Brands Inc. (OTC:GLASF) Q3 2025 Earnings Call November 12, 2025 5:00 PM EST Company Participants Kyle Kazan - Co-founder, Chairman & CEO Mark Vendetti - Chief Financial Officer Graham Farrar - Co-founder, President & Director Conference Call Participants Frederico Yokota Gomes - ATB Capital Markets Inc., Research Division Luke Hannan - Canaccord Genuity Corp., Research Division Andrew Semple - Ventum Financial Corp., Research Division Presentation Operator Good afternoon, ladies and gentlemen. Welcome to the Glass House Brands Third Quarter 2025 Earnings Call.
The global cannabis industry is making serious headway. To be more specific, the United States, Europe, and Canada, along with a few other regions, are showing people that cannabis can be as legitimate as tobacco and alcohol. There are some cannabis companies with operations in several global markets in some form. From cultivation to ancillary companies, there is certainly a way to invest and make money.
Glass House Brands is a leading California cannabis company, expanding rapidly through large-scale greenhouse cultivation and growing retail operations. It reported strong revenue growth, improved margins, and achieved profitability, driven by scale, cost reductions, and brand expansion. Despite lowering FY2025 revenue guidance due to labor disruptions, management expects performance to rebound, supported by a healthy balance sheet and strategic investments.
| Specialty Retail Industry | Consumer Discretionary Sector | Mr. Kyle D. Kazan CEO | OTC PINK Exchange | 377130406 CUSIP |
| US Country | 321 Employees | - Last Dividend | 15 Jul 2015 Last Split | - IPO Date |
Glass House Brands Inc., established in 2015 and headquartered in Long Beach, California, operates as a comprehensive cannabis entity within the United States. The company's activities are segmented into Retail; Wholesale Biomass; and Cannabis-Related Consumer Packaged Goods. It is dedicated to the cultivation, manufacture, and distribution of both cannabis bulk flowers and trims to wholesalers, as well as consumer-packaged goods to third-party retail stores exclusively in California. Glass House Brands Inc. extends its market presence through owning and operating retail cannabis stores, catering not only to the distribution of cannabis and its by-products but also managing online payment processing, in-store pick-up, and home delivery services for both adult-use and medicinal-use customers. The integration of these services corroborates the company's position as a significant player in the cannabis industry within the region.
All these products and services are marketed under several brand names, including Glass House Farms, FIELD, Forbidden Flowers, PLUS, Mama Sue, Allswell, and REEFORM, indicating a diverse portfolio aimed at catering to a broad spectrum of consumer preferences within the cannabis market.