Glass House Brands Reports First Quarter 2025 Financial Results

Wholesale biomass production was 152,568 pounds, up 149% year-over-year Cost of production was $108 per pound, a substantial improvement compared to$ 182 per pound in Q1 2024First quarter 2025 revenue was $44.8 million, up 49% year-over-year and reflecting a 78% increase in wholesale revenue and 19% increase in retail revenueGross margin was 45%, compared to 43% in Q4 2024 and 42% in Q1 2024Cash and restricted cash balance rose to$ 37.6 million on March 31, 2025 compared to $36.9 million on December 31, 202 ...