Glass House Brands Inc. Announces Private Placement of Series E Preferred Stock in Major Refinancing Effort

Reuters
17 Jul
<a href="https://laohu8.com/S/GHBWF">Glass House Brands Inc.</a> Announces Private Placement of Series E Preferred Stock in Major Refinancing Effort

Glass House Brands Inc., a leading vertically-integrated cannabis company in the U.S., has announced a recapitalization and non-brokered private placement involving Series E Convertible Preferred Stock of GH Group, Inc. This move replaces the existing Series B and Series C Preferred Stock, with non-participating holders being redeemed. The transaction, which involved directors, officers, and major shareholders, amounted to $12.9 million in Series E Preferred Stock. Investors in this offering will receive an annual 12% dividend rate, paid quarterly, and have the option to convert the preferred stock into GH Group Class B common stock at $9.00 per share. The Series E Preferred Stock is also exchangeable for the company's publicly-traded equity shares. A 5-year redemption right is in place, contingent on specific trading conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Glass House Brands Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9495820-en) on July 16, 2025, and is solely responsible for the information contained therein.

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