Strong Retail and CPG Performance
Retail and CPG segments remained strong with year-to-date retail sales increasing 13% year-over-year, outperforming broader California retail sales by more than 23%.
Allswell Brand Success
Allswell was the top-selling flower brand in California by units sold per Headset, attributed to a competitive pricing strategy.
Future Growth Potential
Glass House Brands plans to have more acreage under cultivation than ever by the end of 2025, with Greenhouse 2 set to be fully operational in 2026, driving expected future growth.
Opportunity for International Expansion
Potential legislative changes could allow for export opportunities into international markets, notably Europe, which may offer significant margin benefits.
Cost Control Measures
Cost of production was lower than guidance at $128 per pound despite challenges, with expectations to further decrease to $95 per pound in future quarters.