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An announcement from Glass House Brands ( ($TSE:GLAS.A.U) ) is now available.
Glass House Brands has provided updated guidance for the fourth quarter and full year 2024, projecting record-high revenues and improved financial metrics. The company’s anticipated full year revenue is set to reach between $200 to $202 million, marking a 25% increase year-over-year. For Q4 2024, revenue is expected to be between $52 to $54 million, representing a 31% increase from the previous year. The company also foresees a reduction in production costs and an increase in adjusted EBITDA and operating cash flow, signaling robust financial health and strong market positioning.
More about Glass House Brands
Glass House Brands Inc. is a rapidly growing, vertically-integrated cannabis company operating in the U.S. The company focuses on producing and distributing cannabis products through its wholesale, retail, and consumer packaged goods (CPG) segments.
YTD Price Performance: -9.93%
Average Trading Volume: 121,412
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on GLAS.A.U stock on TipRanks’ Stock Analysis page.
