Glass House Brands Expansion Strategy
DRAMATIC EXPANSION IN REVENUES ALREADY UNDERWAY
BUILDING BLOCKS TO EXCEED $160 M RUN RATE BY 2023 ARE FALLING INTO PLACE 1
$M
70
60
50
40
30
5
22
20
10
Retail Waterfall
$M
CPG Waterfall
40
38
35
30
26
25
20
(3)
15
10
5
2021A
2022E Incremental 2023 Incremental
Retail: Projected $43m in new revenues from
NHC, new Farmacy locations and The Pottery
by 2023 versus 2021
$M
70
Wholesale Biomass Waterfall
12
60
NWU
50
18
40
30
22
20
10
2021A
2022E Incremental
2023 Incremental
CPG: Full year of PLUS, PLUS Relaunch,
Allswell Launch and improved pricing from
improved strain selection/elimination
inventory overhang to drive 2023 growth
of
2021A
20
2022E Incremental 2023 Incremental
Wholesale Biomass: SoCal Phase I output in
2H22 drove growth this year. In 2023,
revenues benefit from having SoCal Phase I
production all year long
1. Company has the potential to achieve monthly revenues that annualize to $160 million. The statement assumes the following in potential revenues from each source: 1) Annualized wholesale
biomass sales of $60 million; 2) Annualized retail revenues of $65 million; 3) Annualized wholesale CPG revenues of $35 million.
10
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