Glass House Brands Inc., (OTC: GLASF) (OTC: GHBWF) a leading cannabis company in the U.S., announced its financial results for the first quarter ending March 31, 2023, late on Monday. 

The company anticipates substantial growth in revenues, profitability and shareholder value, highlighting the advantages of its vertically integrated business model.

"We are increasingly optimistic about future pricing trends based on the latest results in our business as well as … in California relative to capacity and licensing renewals …we estimate licensed cultivation capacity has fallen … representing about a 21% reduction …

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