Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Glass House Brands ( ($TSE:GLAS.A.U) ) has shared an update.
Glass House Brands reported fourth-quarter 2025 revenue of $38.9 million, in line with guidance but down year-over-year as the company temporarily scaled back wholesale production, resulting in lower biomass output, compressed gross margins, and negative adjusted EBITDA and operating cash flow. Management said the second-half slowdown was deliberate and tied to external headwinds, but noted that all legacy greenhouses were fully replanted by year-end, the first phase of Greenhouse 2 is now in production, and expansion work on Greenhouse 2 and Greenhouse 4 lays the groundwork for commercial hemp and higher output.
The company ended 2025 with $23.4 million in cash and equivalents and is forecasting wholesale cannabis biomass production of about 1 million pounds in 2026, roughly 50% above 2025 levels, alongside an expected year-end 2026 cash balance above $50 million, signaling a planned return to growth and improved profitability. Operationally, Glass House advanced its market profile by becoming the first U.S. plant-touching cannabis operator tradable on Robinhood, launched state-funded research with the University of California, Berkeley, and strengthened its governance with the appointment of Heineken USA’s chief marketing officer to its board and the creation of a product expansion committee to support new product and business development.
The most recent analyst rating on ($TSE:GLAS.A.U) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Glass House Brands stock, see the TSE:GLAS.A.U Stock Forecast page.
More about Glass House Brands
Glass House Brands Inc. is a vertically integrated U.S. cannabis company with operations in California, focused on large-scale greenhouse cultivation, wholesale biomass, and retail sales. The company is expanding its production footprint with additional greenhouses and is also preparing to enter commercial hemp, while enhancing its product development and branding capabilities through new board appointments and strategic committees.
Learn more about GLAS.A.U stock on TipRanks’ Stock Analysis page.