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Glass House Brands Secures New $50 Million Senior Secured Credit Facility

Mar 03, 2025•about 1 year ago

Contract Type

contract

Community And Lifestyle

Description

Glass House Brands Inc. has announced the signing of a new $50 million senior-secured credit facility, replacing the previous loan and pushing out the maturity of the senior secured debt into 2030. The refinancing strengthens the company's balance sheet and significantly improves its cash flow.

Company Information

Company

Glass House Brands

About

Glass House Brands is one of the fastest-growing, vertically integrated cannabis companies in the U.S., with a dedicated focus on the California market and building leading, lasting brands to serve consumers across all segments. From its greenhouse cultivation operations to its manufacturing practices, from brand-building to retailing, the company's efforts are rooted in the respect for people, the environment, and the community that co-founders Kyle Kazan, Chairman and Chief Executive Officer, and Graham Farrar, Board Member and President, instilled at the outset. Through its portfolio of brands, which includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness, Glass House Brands is committed to realizing its vision of excellence: outstanding cannabis products, produced sustainably, for the benefit of all. For more information and company updates, visit www.glasshousebrands.com and https://ir.glasshousebrands.com/contact/email-alerts/.

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