Glass House Brands Reports 2024 Results
Ticker: GHBWF · Form: 6-K · Filed: Mar 25, 2025 · CIK: 1848731
| Field | Detail |
|---|---|
| Company | Glass House Brands Inc. (GHBWF) |
| Form Type | 6-K |
| Filed Date | Mar 25, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, revenue, financial-results
TL;DR
GHBI Q4 revenue up 12% YoY to $50.1M, full year $183.7M (+10%).
AI Summary
Glass House Brands Inc. filed a 6-K report on March 25, 2025, to announce its fourth-quarter and full-year 2024 results. The company reported total revenue of $183.7 million for the full year 2024, a 10% increase compared to 2023. For the fourth quarter of 2024, revenue was $50.1 million, up 12% year-over-year. The company also highlighted its strategic progress and outlook for 2025.
Why It Matters
This filing provides investors with the latest financial performance and strategic updates for Glass House Brands, impacting their investment decisions.
Risk Assessment
Risk Level: medium — The company operates in the cannabis industry, which faces regulatory uncertainties and market volatility.
Key Numbers
- $183.7M — Full Year 2024 Revenue (Represents a 10% increase over 2023.)
- $50.1M — Fourth Quarter 2024 Revenue (Represents a 12% increase year-over-year.)
Key Players & Entities
- Glass House Brands Inc. (company) — Filer of the report
- Kyle Kazan (person) — Chief Executive Officer and signatory
- Mercer Park Brand Acquisition Corp. (company) — Former company name
- $183.7 million (dollar_amount) — Full year 2024 revenue
- $50.1 million (dollar_amount) — Fourth quarter 2024 revenue
- March 25, 2025 (date) — Filing date
FAQ
What was Glass House Brands' total revenue for the full year 2024?
Glass House Brands reported total revenue of $183.7 million for the full year 2024.
What was the year-over-year revenue growth for the fourth quarter of 2024?
The company's revenue for the fourth quarter of 2024 was $50.1 million, a 12% increase compared to the same period in 2023.
Who signed the 6-K report on behalf of Glass House Brands Inc.?
Kyle Kazan, Chief Executive Officer, signed the report on behalf of Glass House Brands Inc.
When was the company formerly known as Mercer Park Brand Acquisition Corp.?
The company's name was changed from Mercer Park Brand Acquisition Corp. on March 2, 2021.
What is the SIC code for Glass House Brands Inc.?
The Standard Industrial Classification code for Glass House Brands Inc. is 2833, Medicinal Chemicals & Botanical Products.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 25, 2025 by Kyle Kazan regarding Glass House Brands Inc. (GHBWF).