Glass House Cannabis Co: Q1 Revenue Spikes 136% YoY, Positive Adjusted EBITDA On Heels Of Closing Deal With Mercer Park

Glass House Brands Inc. (NEO: GLAS.A.U) (NEO: GLAS.WT.U) announced its first-quarter financial results on the heels of closing a business combination with Mercer Park Brand Acquisition Corp. (NEO: BRND.A.U) (OTCQX: MRCQF) and its debut on the NEO Exchange.

The Long Beach, California-based company reported Friday that its net sales spiked 136% year-over-year, reaching $15.2 million in the first three months of .

Moreover, adjusted EBITDA came in positive at $0.6 million, compared to a $2.7 million loss in the first quarter of last year.

"Our Q1 results reflect the underlying strength of our core business as we executed on the opportunity ahead of us in the California market, scaling our …

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