# Glass House Brands Reports Q3 Results and Board Resignation

> Glass House Brands reports record biomass production and cost cuts, with John Nichols Jr. resigning from board.
- Title: Glass House Brands Reports Q3 Results and Board Resignation
- Summary: Glass House Brands reports record biomass production and cost cuts, with John Nichols Jr. resigning from board. Glass House Brands achieved record biomass…
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- Source: Financialpost — https://financialpost.com/globe-newswire/glass-house-brands-reports-preliminary-unaudited-third-quarter-financial-results-and-resignation-of-john-nichols-jr-from-board-of-directors
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- Topics: glass house brands, john nichols jr, cannabis, q3 2026, production, cost of production, board resignation, money, business
## Q3 Financial Results
Glass House Brands reports record biomass production of 317,000 pounds and a 10% reduction in cost of production from previous quarter.
## Financial Guidance
Company reaffirms full year 2026 production target of 1,000,000 pounds and long-term cost of production target of $95 per pound.
## Revenue and Costs
Revenue reached $56.8 million in Q3 2026, with cost of production at $110 per pound and average selling price of $150 per pound.
## Board Resignation
John Nichols Jr. resigns from Glass House Brands Board of Directors.
## CEO Statement
CEO Kyle Kazan highlights record sales, biomass production, and operational improvements despite pricing challenges.
## Funding and Projects
Company raised $18 million via ATM program and funds Greenhouse 2 expansion and automation equipment.
## Cash Position
Company has $39.7 million in cash, a $17.6 million increase from previous quarter.
## Key takeaway

Glass House Brands achieved record biomass production of 317,000 pounds and reduced production costs to $95 per pound, while John Nichols Jr. resigned from the board.