Glass House Earnings + Call Notes

California cannabis leader reports Q124.

Glass House Brands Earnings

$30.1M Revs; est. $28M
($1.6M) AEBITDA; est. ($3.4M)
$12.5M GP; est. $11.2M
($8.9M) OI; est. ($8.4M)
41.6% GM; est. 40%
($18.3M) NI; est. ($13.3M)

Greenhouse 5 is now running at full capacity and will have its first full quarter of production and sales in Q2 of this year.

Q2 2024 revenue projected to achieve a new record high of between $52M-$54M

Operating Cash Flow was ($1.9M)

Q2 guidance unchanged

Call Notes