Slide 1: California Grown, Poised to Supply the World
California Grown, Poised to Supply the World OTCQX: GLASF CBOE CANADA: GLAS.A.U Investor Sesh V, June 18, 2026
Slide 2: Investment Highlights
A BRAND-BUILDING MACHINE IN THE LARGEST US MARKET Leading flower brand in California 1, the world’s largest and most competitive market 2 OPTION ON INTERSTATE COMMERCE AND CANNABIS EXPORT Strongly positioned to carry leading market share and cost advantage nationwide and globally within core compete
Slide 3: Legislative Opportunity Timeline
LEGISLATIVE OPPORTUNITY TIMELINE • December 2025: President Trump Signed Executive Order Recommending the Rescheduling of Cannabis and Authorizing a Pilot Program for Medicare CBD Reimbursement Program. • Reimbursable CBD Program Creates a Potential $35B Government Funded Addressable Market1. • Apri
Slide 4: Opportunity Favors the Well Prepared
OPPORTUNITY FAVORS THE WELL PREPARED Glass House Was Built For a Non-Prohibitionary World. For 2026, That Focus has Taken on a New Emphasis: • Accelerated the Buildout of Greenhouse 2 (now fully planted). • Built-out and Planted Greenhouse 4 for Hemp. Initial Hemp Sold June 2026. • Launched Board of
Slide 5: Trained at Altitude
“TRAINED AT ALTITUDE” • California Remains a Large but Highly Competitive Market with Some of the World’s Lowest Wholesale Prices. 1 • Under Schedule III, Medical Cannabis Export and Interstate Commerce Between DEA Registered Operators Become Feasible. • Knowns: • The EU and Rest of the US Today Rep
Slide 6: Open Borders Could Drive Significant Upside to Results
OPEN BORDERS COULD DRIVE SIGNIFICANT UPSIDE TO RESULTS • Wholesale Sales Outside CA Present Meaningful Upside to Current Guidance. • Existing FY 2026 Guidance:1 • Approx. 1 million lbs of Biomass Production • Revenues to be between $235 million and $245 million • Average Biomass Selling Price: mid-
Slide 7: Potential Upside to 2026 Guidance on Improved Wholesale Pricing Dynamics
POTENTIAL UPSIDE TO 2026 GUIDANCE ON IMPROVED WHOLESALE PRICING DYNAMICS Estimates based on prior FY 2026 guidance including: ~1 Million Lbs. of Biomass Production, CA Average: Selling Price ~$180/lbs Biomass, Total Cost of Production of ~$111/lbs. Biomass. This presentation should be used for infor
Slide 8: Incremental Capacity in Camarillo: Greenhouses 3 and 4
FLOWER FLOWER NURSERY HEMP FLOWER FLOWER Operational INCREMENTAL CAPACITY IN CAMARILLO: GREENHOUSES 3 and 4 OFFER >600k LBS. OF INCREMENTAL BIOMASS PRODUCTION CAPACITY Same size as GH4, and almost 10% larger than the other greenhouses Gross Area (K ft2) 861 Estimated Cultivation Area (K ft2) 585 Est
Slide 9: Deconsolidation of Glass House Retail
DECONSOLIDATION TRANSACTION June 12, 2026: the Company and its indirect wholly owned subsidiary, GHB Usub, LLC ("Company Subsidiary"), entered into several agreements to facilitate the deconsolidation of its former indirect wholly owned subsidiary, Glass House Retail, LLC ("Glass House Retail"), fro
Slide 10: Pro-Forma Financials
DECONSOLIDATION TRANSACTION PRO-FORMA FINANCIALS
Slide 11: Pro-Forma Financials
DECONSOLIDATION TRANSACTION PRO-FORMA FINANCIALS
Slide 12: Pro-Forma Financials
DECONSOLIDATION TRANSACTION PRO-FORMA FINANCIALS
Slide 13: Pro-Forma Financials
DECONSOLIDATION TRANSACTION PRO-FORMA FINANCIALS The unaudited pro forma condensed consolidated financial statements (the “pro forma financial statements”) are based on the historical consolidated financial statements of the Company, as adjusted to give effect to the Deconsolidation Transaction whic
Slide 14: Pro-Forma Financials
DECONSOLIDATION TRANSACTION PRO-FORMA FINANCIALS (b)Reflects the recognition of the Company’s retained investment in Glass House Retail at its estimated fair value as of the deconsolidation date. (c) Reflects estimated transaction costs incurred in connection with the Deconsolidation Transaction tha
Slide 15: Pro-Forma Equity Table
15 PRO-FORMA EQUITY TABLE Pro-Forma Changes Reflect the Early Redemption of SPAC Warrants (completed 5/28/26) and a full conversion for cash of Series D, C and B Series Warrants. Warrant holders have the option to exercise by paying cash or on a cashless basis. Warrant holders who exercise on a cash
Slide 16: Cautionary Statements
ÆỀĻẢFẮỀĢ CƘ Cautionary Statements This document is for information purposes only and should not be considered a recommendation to purchase, sell or hold a security. This presentation has been prepared for discussion purposes only and is not , and in no circumstances is to be construed as an advertis