• The Company is accelerating expansion efforts with plans to commence production in two additional greenhouses and planting its first production intended for sale in markets outside of California.
• Accelerated expansion comes with confidence in restoration of existing operations and in anticipation of developing new business opportunities including international export and a reimbursable CBD market.
• The Company is actively working to develop hemp and international markets to expand the total addressable market both domestically and internationally.

LONG BEACH, Calif. and TORONTO, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Glass House Brands Inc. ("Glass House" or the "Company") (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX: GLASF) (OTCQX:GHBWF), one of the fastest-growing, vertically-integrated cannabis companies in the U.S., announces an acceleration to 2026 expansion plans. These plans are because of positive results with the previously announced development and to capitalize on looming cannabis reform action and anticipated new business opportunities.

Prior to year-end 2025, the Company returned to full production capacity within its existing greenhouses, following a step back in prior months. The Company completed the buildout of the first third of Greenhouse 2, which is the Company’s fourth operational greenhouse at the SoCal Farm. The Company ended the year with the most planted acreage in Glass House history. Initial contributions from Greenhouse 2 will be included within first quarter 2026 results.

The Company had planned to complete the remainder of Greenhouse 2 later in 2026 but has accelerated the buildout with plans for full planting within the second quarter of 2026. In total, Greenhouse 2 provides an incremental annual production capacity of approximately 300,000 lbs. of biomass.

In addition, the Company has commenced a light retrofit and buildout of Greenhouse 4 with plans for production capabilities to target international CBD and Hemp markets. Furthermore, the Company plans to be an eventual supplier to the reimbursable CBD market that will be created under President Trump’s December Executive Order for Rescheduling.

“We are very pleased with and proud of our team’s ramp back efforts of the past six months for existing greenhouses along with early results from Greenhouse 2 expansion. The Company is ready to put its foot fully back on the gas pedal. We anticipate strong growth in 2026 and beyond,” said Kyle Kazan, Co-Founder, Chairman and CEO of Glass House.

“We excitedly await the final execution of President Trump’s executive order by Attorney General Pam Bondi. We are planning for the associated new business opportunities that we expect to come from cannabis rescheduling and the creation of the new Medicare reimbursement program for CBD. We remain confident that Schedule III under the current administration can provide cannabis export opportunities in the near term to Europe and other international markets. The wholesale biomass prices are expected to be meaningfully higher than those achievable in California.”

“Furthermore, we believe that Glass House is uniquely qualified to participate in the growth opportunities ahead for the US CBD market. We have existing CBD/low THC strains in the California market that we anticipate can be produced to comply with new federal regulations for consumer products and are actively engaged in the development of medicinal cannabinoids within our on-going hemp research partnership with the University of California Berkeley. Through this, we are confident that we can be a leading supplier in the potentially forthcoming pharmaceutical and CPG markets.”

About Glass House Brands

Glass House 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. Whether it be through its portfolio of brands, which includes Glass House Farms, PLUS Products, Allswell and Mama Sue Wellness, or its network of retail dispensaries throughout the state of California, which includes The Farmacy,Natural Healing Center and The Pottery, Glass House 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/.

Forward Looking Statements

This news 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 Company's future performance or financial results. 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 expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include, without limitation, statements regarding the Company's financial outlook or operational plans and statements related to future market conditions. 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, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. Accordingly, readers should not place undue reliance on forward-looking statements. There are certain factors that could cause actual results to differ materially from those in the forward-looking information, including those risks disclosed in the Company's Annual Information Form available on SEDAR+ at www.sedarplus.ca and in the Company's Form 40-F available on EDGAR at www.sec.gov. For more information on the Company, investors are encouraged to review the Company's public filings on SEDAR+ at www.sedarplus.ca. The forward-looking statements in this news release speak only as of the date of this news 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, other than as required by law.

For further information, please contact:
Glass House Brands Inc.
Jon DeCourcey, Vice President of Investor Relations
T: (781) 724-6869
E: ir@glasshousebrands.com

Investor Relations Contact:
KCSA Strategic Communications
Phil Carlson
T: 212-896-1233
E: GlassHouse@kcsa.com