Business
Glass House Brands Announces Warrant Redemption Notice
LONG BEACH, Calif. and TORONTO, April 28, 2026 (GLOBE NEWSWIRE) -- Glass House Brands Inc. ("Glass House") (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF) today announced that it has delivered a notice of redemption, dated April 28, 2026, with respect to the warrants (the "Warrants") outstanding under the warrant agency agreement, dated May 13, 2019, between the Company and Odyssey Trust Company, as amended (the "Warrant Agency Agreement"). There are currently 30,664,500 W
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[{"type":"image","alt":"Glass House Brands Inc.","displaySize":"","headline":null,"caption":"Glass House Brands Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":268,"height":89,"url":"https://media.zenfs.com/en/globenewswire.com/40b6ac5c114fad757390cd35cdc0ae19"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/O3xTKZi2te5kIAGjGfxhPw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzOQ--/https://media.zenfs.com/en/globenewswire.com/40b6ac5c114fad757390cd35cdc0ae19","width":268,"height":89}},"lazy":false},{"type":"text","content":"LONG BEACH, Calif. and TORONTO, April 28, 2026 (GLOBE NEWSWIRE) -- Glass House Brands Inc. ("Glass House") (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF) today announced that it has delivered a notice of redemption, dated April 28, 2026, with respect to the warrants (the "Warrants") outstanding under the warrant agency agreement, dated May 13, 2019, between the Company and Odyssey Trust Company, as amended (the "Warrant Agency Agreement").","length":497,"tagName":"p"},{"type":"text","content":"There are currently 30,664,500 Warrants outstanding, each exercisable for one equity share (each, a “Share”) of the Company at an exercise price of US$11.50 per Share. The outstanding Warrants will be redeemed on May 28, 2026 in accordance with Section 3.4 (1) of the Warrant Agency Agreement at a redemption price of .011826 Shares per Warrant (the “Redemption Shares”). If the Company had not taken any action, the outstanding Warrants would have expired on June 29, 2026.","length":474,"tagName":"p"},{"type":"text","content":"The last reported sales price of the Shares on the trading day immediately preceding the notice of redemption was $10.46.","length":121,"tagName":"p"},{"type":"text","content":"No fractional Shares will be issued upon redemption of the Warrants and the number of Shares delivered to each holder of Warrants on the Redemption Date will be rounded down to the nearest whole number.","length":202,"tagName":"p"},{"type":"text","content":"If a holder of Warrants wishes to exercise its warrants, it must do so in accordance with the terms thereof prior to 5:00 PM (Toronto time) on the business day immediately preceding the Redemption Date.","length":202,"tagName":"p"},{"type":"text","content":"On and after the Redemption Date, holders of Warrants shall have n...