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Glass House: more thoughts

Now that I’ve listened to the conference call and thought a bit more about the quarterly update, here are things that I take away:



My take is the company is executing exceptionally well. They just turned on the biggest greenhouse cannabis production in all of US and after a few hiccups the operations are delivering. We will see improvements every quarter from here on out. The cost of production keeps trending down and the margins keep expanding. The company is executing in one of. the toughest market conditions: most competitive market (CA), worst pricing, inflation impact, and not federally recognized.

Glass House isn’t a play that makes you money in one or 2 quarters. Instead it is one that will make you absurd profits in 2-3 years.

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