Glass House Eyes Dominating California’s Cannabis Market With Stock Listing
Glass House is one of the fastest-growing cannabis brands in California
Shares in California cannabis company Glass House Brands began trading on the Canadian NEO Exchange this week, three months after the company announced it would pursue the public listing through a SPAC deal. The stock debuted with a market capitalization of more than $275 million on July 5, trading under the ticker symbol GLAS.A.U.
Glass House is one of the fastest-growing cannabis brands in California, the world’s largest market for legal marijuana. The vertically integrated company operates approximately 500,000 square feet of cultivation greenhouses in Santa Barbara County, making it the largest producer of cannabis in California and the second-highest selling flower brand in the state, according to data from BDS Analytics. Glass House’s portfolio also includes manufacturing and distribution capacity as well as Forbidden Flowers, Bella Thorne’s brand targeted at Millennial and Gen-Z women, and Mama Sue from activist Sue Taylor, a company focusing on cannabis tinctures for a more mature segment of the market.
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