GLAS Stock — Glass House Brands Inc. Subordinate Voting Shares: Cash, EV, Pipeline

What they do

We are a vertically integrated cannabis company that operates in the state of California. We, through our subsidiaries cultivate, manufacture, and distribute cannabis bulk flower and trim to wholesalers and consumer packaged goods to third-party retail stores in the state of California.

Source: 20-F FY2021 via SEC EDGAR

Share price

$2.15

Market cap

$189.2M

Cash

$23.4M

Enterprise value

$234.5M

Balance sheet

Cash	$23.4M
Debt	$68.7M
Net cash	-$45.3M
Enterprise value	$234.5M
Basic shares	88.0M shares
Fully diluted shares	88.8M shares
Fully diluted market cap	$190.9M
Cash per share	$0.27
Quarterly burn	+$2.9M generated

Cash figures as of 2025-12-31. Database snapshot: 2026-11-07.

Share structure

Common

88.8M

Pre-funded warrants

—

Options

—

RSUs

—

Warrants

—

Converts

—

Conv preferred

—

ESPP reserve

—

FDSO

88.8M

Cap table as of 2021-06-29.

Price history

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Upcoming catalysts

No upcoming catalysts on file for this company.

Full readout calendar →

Asset data not yet available for this company.

No lead program on file for this company.

No active ClinicalTrials.gov trials matched to this company as sponsor or collaborator.

Specialist fund holders

Tracked specialist funds: ADAR1 Capital Management, Aisling Capital, Ally Bridge Group, Avoro Capital Advisors, BVF Partners, Baker Bros. Advisors, Boxer Capital, Braidwell LP, Casdin Capital, Cormorant Asset Management, DAFNA Capital, Deerfield Management, EcoR1 Capital, Frazier Life Sciences, Great Point Partners, Ikarian Capital, Logos Global Management, OrbiMed Advisors, Perceptive Advisors, RA Capital Management, RTW Investments, Sphera Biotech, Stonepine Capital, Tang Capital Partners, Vivo Capital.

None of the tracked specialist funds reported a position in the latest 13F snapshot.

Latest news

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GLAS — Glass House Brands Inc. Subordinate Voting Shares ☆