Cannabis Company Glass House Reports: 89% Increase In Revenue, Aims For $50 M Profits In 2024
Glass House Brands Inc. (OTC: GHBWF), a vertically integrated cannabis firm in California, revealed an 89% surge in annual revenue to $160.8 million, setting a new record.
In the fourth quarter, revenue climbed 35% to $40.4 million, marking the fourth straight quarter of positive adjusted EBITDA at $3.8 million.
Kyle Kazan, co-founder, chairman and CEO of Glass House
attributed the success to the company’s dedicated team and sustainable growth strategies. He emphasized the rapid revenue growth since the company’s inception, highlighting the significant increase in gross profit dollars and the strategic operational advancements made throughout 2023.
Meet Kyle Kazan at the upcoming Benzinga Cannabis Capital Conference in Florida on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large …