Glass House Brands (TSE:GLAS.A.U) has released an update.
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Glass House Brands has announced a record-breaking second quarter in 2024 with a significant year-over-year revenue increase to $53.9 million, up 21%, and a projected third-quarter revenue of up to $67 million. The company’s greenhouse 5 outperformed expectations, contributing to a 45% increase in biomass production. They also reported a strong financial position with a quarter-end cash balance of $25.9 million.
For further insights into TSE:GLAS.A.U stock, check out TipRanks’ Stock Analysis page.
