LONG BEACH, Calif. and TORONTO, May 27, 2022 /CNW/ – Glass House Brands Inc. (“Glass House” or the “Company”) (NEO: GLAS.AU) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF), one vertically integrated and fastest growing cannabis companies in the United States, today announced the departure of Daryl Kato, Chief Executive Officer. Its responsibilities will be assumed by Hilal Tabch, Chief Revenue Officer (“CRO”), effective immediately. For more information on Hilal Tabchsee here.
“In our business, 3 years is a very long time, but Daryl’s impact on what we do every day will be felt here for much longer than that: he put in place many fundamental structures on which we will support us. We are grateful to Daryl, honored to have learned so much from him, and wish him the best of luck as he seeks new challenges,” said Kyle KazanChairman and CEO of Glass House.
“As I write this post, I am struck by how far we have come in about three years. dispensaries. Our brands were nascent, our supply chain simple and the scope of our operations relatively narrow. Today, Glass House Brands is a vertically integrated, publicly traded cannabis company. Daryl has played a critical role in this transformation and we wish him the best in all his future endeavours.”
“Daryl has taken each of his teams to new heights. Today, we pack over 10 times more 1/8 ounce jars per month than when Daryl started, in addition to having dozens of new strains, countless new formats and SKUs, and several additional brands. By scaling, Daryl has been able to achieve huge cost savings throughout our supply chain. Sales of Glass House Farms products have increased by 30, establishing it as a constant fixture in the state’s top 5 flower brands, in dollars and units.1 GHF is now one of the best-known labels in the entire industry. And Daryl has led his teams through all of this growth and change, as anyone who works with him can attest, with the company’s mission and values always at the forefront of his mind, and with a deep people he works with. It was a pleasure to work alongside Daryl, and he will always be part of the Glass House Family.”
Footnotes and sources:
- Based on data from headphones and BDS analysis.
About the Glass House
Glass House is one of the fastest growing vertically integrated cannabis companies in the United States, with a particular focus on the California market and build leading and sustainable brands to serve consumers in all segments. From its greenhouse operations to its manufacturing practices, from brand building to retail, the company’s efforts are rooted in respect for people, the environment and the community that co-founds Kyle Kazanchairman and chief executive officer, and Graham Farr, President, instilled initially. Through its portfolio of brands, which includes Glass House Farms, Forbidden Flowers and Mama Sue Wellness, Glass House is committed to achieving its vision of excellence: exceptional cannabis products, produced sustainably, for the benefit of all. For more information and company updates, visit www.glasshousebrands.com.
This press release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as “forward-looking statements”). Forward-looking statements reflect current expectations or beliefs regarding future events or the future performance or financial results of the Company. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “expected”, “estimates”, “continues “, “expects”, “plans”, “predicts”, “intends”, “anticipates”, “targets” or “believes”, or variations of, or the negatives of, such words and expressions or state that certain actions, events or results “may”, “could”, “should”, “should”, “could” or “will” be taken, occur or be achieved. Forward-looking statements include, but are not limited to , the Company’s vision to produce exceptional, sustainably produced cannabis products. All forward-looking statements, including those herein, are qualified by this cautionary statement. Although the Company believes that the expectations expressed in such statements are based on reasonable assumptions, these statements are not guarantees of future performance and the results Actual conditions or developments may differ materially from those indicated in the statements. Certain factors could cause actual results to differ materially from those set forth in the forward-looking information, including risks disclosed in the Company’s public filings on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking statements.
For further information on the Company, investors are encouraged to consult the Company’s public filings on SEDAR at www.sedar.com. The forward-looking statements contained in this press release speak only as of the date of this press release or as of the date or dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE Glass House Brands Inc.
For further information: Glass House Brands Inc., John Brebeck, Vice President of Investor Relations, T: (562) 264 5078, [email protected]; Jamin Horn, General Counsel and Corporate Secretary, T: (562) 264 5078, [email protected]