Glass House Brands Inc ( (GLASF) ) has released its Q2 earnings. Here is a breakdown of the information Glass House Brands Inc presented to its investors.
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Glass House Brands Inc., a vertically integrated cannabis company, focuses on the California market, offering a range of cannabis products and operating retail dispensaries across the state.
In its second quarter of 2025, Glass House Brands reported financial results that exceeded expectations, with significant growth in biomass production, revenue, and Adjusted EBITDA. The company highlighted its strong performance across all revenue segments, particularly in wholesale and retail.
Key financial metrics for the quarter included a revenue increase to $59.9 million, up 11% year-over-year, and a gross profit of $31.9 million. The company achieved a 54% year-over-year increase in biomass production and reduced its production cost to $91 per pound. Adjusted EBITDA saw a substantial rise to $18.1 million, reflecting improved operational efficiency and cost management.
Looking ahead, Glass House Brands anticipates a temporary reduction in production due to labor constraints but expects a rebound in the fourth quarter as staffing levels improve. The company projects full-year revenue between $190 million and $195 million, with a focus on maintaining production efficiency and market share in a challenging pricing environment.
Overall, Glass House Brands remains committed to navigating market cycles and leveraging its vertically integrated model to sustain growth and profitability in the competitive cannabis industry.