Glass House Brands Inc · NEO:GLAS.A.U
Glass House Brands — Investor Presentation (May 2026)
32 slides from Glass House Brands's investor presentation, May 2026
Slide 1: Q1/2026 Investor Presentation
Q1/2026 INVESTOR PRESENTATION CBOE CANADA: GLAS.A.U OTCQX: GLASF
Slide 2: : un A k ol [p-
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Slide 3: The #1 Cannabis Company
THE #1 CANNABIS COMPANY IN THE #1 MARKET IN THE WORLD
Slide 4: California: Large Market With High Growth Potential
CALIFORNIA: LARGE MARKET WITH HIGH GROWTH POTENTIAL >30M ADULTS1 ~270M TOURISTS2 ~4,400 CULTIVATORS 3 ~850 DISTRIBUTORS 3 ~1,200 RETAILERS3 >600 BRANDS4 1. Source: https://www.census.gov/quickfacts/CA, the number of adults over 18 years of age. 2. Source: https://industry.visitcalifornia.com/researc
Slide 5: Milestones
Milestones Q3 2021 Q2 2022 Q1 2023 Q4 2023 Q2 2024 Q4 2024 Q2 2025 Q4 2025 Glass House Farms Glass House Grand opening for two new GHB closes $15M Allswell becomes Achieved fourth Sixth consecutive US OTC Stock listing becomes the #1-selling completes its Farmacy locations – Santa Series D Stock Rai
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS LARGEST CULTIVATION A BRAND-BUILDING CALL OPTION ON FOOTPRINT, UNMATCHED MACHINE IN THE INTERSTATE COMMERCE CAPACITY LARGEST US MARKET AND CANNABIS EXPORT Up t o 6m s q. f t . of b e s t- i n- cl as s H i g h q u a l i ty , s u n- g r o w n c an na b i s S tr o ng ly po s i t i
Slide 7: Vertical Integration Maximizes Quality And Protects Margin
VERTICAL INTEGRATION MAXIMIZES QUALITY AND PROTECTS MARGIN 3 1 10 CULTIVATION MANUFACTURING RETAIL Berkeley FACILITIES FACILITY LOCATIONS Turlock PADARO LOMPOC FARMACY Lemoore 350,000 ft2 License Type 5 Stores 6,7 & 11 CASITAS NHC Morro Bay 150,000 ft2 PLUS & Allswell 4 Stores Grover Beach Flower Sa
Slide 8: The Glass House Growing Advantage
THE GLASS HOUSE GROWING ADVANTAGE WORLD CLASS EXPERIENCE FACILITY Key Glass House cultivation team The SoCal Greenhouse Farm was members are passionate about the designed for tomatoes and cucumbers plant, and their combined Cannabis – a single digit gross margin business growing experience exceeds a
Slide 9: Cannabis Grows Better In Camarillo California
CANNABIS GROWS BETTER IN CAMARILLO CALIFORNIA More Sunlight: Located in a geographic region with the highest Ideal Temperature Range: There are more days of weather amount of average daily sunlight in the entire US. within the ideal cannabis growing temperature zone of 65 F Goldilocks Latitude: Aver
Slide 10: 160-Acre Farm
KEY FEATURES OF OUR SOCAL FARM To 160-Acre Farm with 5.5M ft2 of cultivation footprint spread amongst six state-of-the-art greenhouses Less than a 6-hour drive San Francisco to the three largest markets in California San Francisco: 375 miles, 5hr 50min Amazon Distribution Center: 7 miles, 10min
Slide 11: Expanding Footprint
OPERATIONS: EXPANDING FOOTPRINT GREENHO USE 3 GREENHO USE 4 HEMP Hemp Gross Area (K ft2) 992 Gross Area (K ft2) 992 Estimated Cultivation Area (K ft2) 675 Same size as GH4, Announced commercial hemp Estimated Cultivation Area (K ft2) 675 and almost 10% larger than strategy the other greenhouses Vaca
Slide 12: Ancillary Features
OPERATIONS: ANCILLARY FEATURES WATER SOLAR ULTRA CLIMA On-site well water with a backup 1MW of Clean Solar to help power GH5 400 fans per greenhouse create well, fully self-sufficient & GH6 climate control functions overpressure to keep bugs and 4 x 1M gallon irrigation Rainwater storage i
Slide 13: The SoCal Greenhouse Farm
OPERATIONS: THE SOCAL GREENHOUSE FARM OUR FULL CAPACITY PRODUCTION ESTIMATE IS 1.6M POUNDS UNMATCHED CAPACITY & LOW-COST PRODUCTION Our total capacity estimate for when all retrofits to all greenhouses at the SoCal Farm are complete is 1.6M pounds, including production from our Padaro and Casitas Gr
Slide 14: Strong Brands Across Key Market Segments
STRONG BRANDS ACROSS KEY MARKET SEGMENTS BRAND BRAND PORTFOLIO PORTFOLIO
Slide 15: The Farmacy
THE FARMACY THE FARMACY – SANTA BARBARA THE FARMACY – SANTA ANA THE FARMACY SANTA YNEZ THE FARMACY – BERKELEY THE FARMACY ISLA VISTA 15
Slide 16: Natural Healing Center & The Pottery
NATURAL HEALING CENTER & THE POTTERY NHC – GROVER BEACH NHC – MORRO BAY NHC – LEMOORE NHC – TURLOCK THE POTTERY – LOS ANGELES 16
Slide 17: ESG As A Strategic And Competitive Advantage
ESG AS A STRATEGIC AND COMPETITIVE ADVANTAGE Kg CO2 per kg Flower2 kWh per Sq. Ft. of Flower2 Strategically located in California, where growing 3000 300 conditions are optimal 2500 Focus on energy efficiency 250 with solar and cogeneration capabilities 2000 200 ESG mandated U.S. AUM are forec
Slide 18: Meet The Glass House Team
MEET THE GLASS HOUSE TEAM KYLE KAZAN GRAHAM FARRAR MARK VENDETTI HILAL TABSH BEN VEGA Co-founder, Chairman Co-founder, President Chief Financial Officer Chief Revenue Officer General Counsel & & CEO & Board Director Corporate Secretary BEN VASQUEZ JACQUELINE DE GINESTET JENNIFER BARRY WILL TU VP Far
Slide 19: Historical Financial Data
HISTORICAL FINANCIAL DATA
Slide 20: Revenue And Gross Profit
REVENUE AND GROSS PROFIT Revenue | Gn thousands) Q32024 Q4 2024 Qu.2025 Q2 2025 Q3 2025 Q42025 Qi 2026 FY 2024 FY 2025 <4 Retail (B2C) $ 11,214 $ 11,796 $ 11,788 $ 12,262 $ 12,255 $ 11,938 $ 11,905 $ 43.816 $ © | Wholesale CPG (B2B) 4777 4,987 4,747 5,483 4,958 4320 4,637 17,996 19,508 <= | Wholesal
Slide 21: Wholesale Biomass Metrics
WHOLESALE BIOMASS METRICS 21
Slide 22: Net Income / Loss
GLASS HOUSE BRANDS NET INCOME / LOSS Net Income / Loss (in thousands) Q3 2024 Q4 2024 Qi. 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Revenues, Net $ 63,821 $ 53,039 $ 44.818 $ 59.867 $ 38,444 $ 38,855 $ 40,515 Cost of Goods Sold 30,379 30,288 24,753 27,936 26,686 25,649 30,499 Gross Profit 33,442 22,751 2
Slide 23: Adjusted EBITDA
GLASS HOUSE BRANDS ADJUSTED EBITDA (in thousands) Net Income (Loss) (GAAP) Depreciation and Amortization Interest, Net Income Tax Expense EBITDA (Non-GAAP) Adjustments: Share-Based Compensation Stock Appreciation Rights Expense (Gain) Loss on Equity Method Investments Change in Fair Value of Derivat
Slide 24: Select Balance Sheet Information
SELECT BALANCE SHEET INFORMATION 24
Slide 25: Select Cash Flow Information
SELECT CASH FLOW INFORMATION 25
Slide 26: Equity Table
EQUITY TABLE (in thousands, except share price) ‘Total Equity and Exchangeable Shares Warrants Series D Series C Series B SPAC Total Warrants Stock Options RSUs Total Share Price at Quarter End Convertible Debentures Series A Series B Total Convertible Debentures Number of Shares if Converted Assumi
Slide 27: Notes Payable And Preferred Equity
NOTES PAYABLE AND PREFERRED EQUITY 27
Slide 28: Board Of Directors
BOARD OF DIRECTORS CBOE CANADA: GLAS.A.U CBOE CANADA: GLAS.WT.U OTCQX: GLASF OTCQX: GHBWF @glasshousebrands glass-house-brands-inc @GlassHouseBR
Slide 29: Board Of Directors
BOARD OF DIRECTORS KYLE KAZAN GRAHAM FARRAR Co-founder, Chairman & CEO of Glass House Group Co-founder, President & Board Director of Glass House Group 30+ years of successful Private Equity & investment experience 20+ years of serial entrepreneurship, including taking two with focus on real
Slide 30: Board Of Directors
BOARD OF DIRECTORS YELENA KATCHKO JOCELYN ROSENWALD Attorney and founding partner of Katchko, Vitiello & Karikomi, PC, a well-regarded law firm located in Los Angeles, California with an Co-founder and Board Director of Glass House Group authentic and deep-rooted presence in the local cannabis i
Slide 31: Disclaimer
DISCLAIMER Cautionary Statements projections and estimates contained under “Pro Forma Wholesale Biomass Economics” and elsewhere in this presentation, including This document is for information purposes only and should not be considered a recommendation to purchase, sell or hold a security. This pro
Slide 32: CBOE Canada: GLAS.A.U
CBOE CANADA: GLAS.A.U CBOE CANADA: GLAS.WT.U OTCQX: GLASF OTCQX: GHBWF @glasshousebrands glass-house-brands-inc @GlassHouseBR
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