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An update from Glass House Brands ( ($TSE:GLAS.A.U) ) is now available.
Glass House Brands reported a record-setting financial performance for the fourth quarter of 2024, with a 31% increase in revenue and a 139% rise in adjusted EBITDA year-over-year. The company has made significant strides in reducing production costs and expanding its operations, including the commencement of Greenhouse 5 and the initiation of Phase III expansion. These developments, along with strategic initiatives in retail and CPG, have positioned Glass House for continued growth, despite challenges in the competitive California market.
More about Glass House Brands
Glass House Brands is a rapidly growing, vertically integrated cannabis company in the U.S. It focuses on the cultivation, production, and retail of cannabis products, with a strong market presence in California.
YTD Price Performance: -21.36%
Average Trading Volume: 129,992
Technical Sentiment Signal: Buy
Learn more about GLAS.A.U stock on TipRanks’ Stock Analysis page.