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Glass House Brands Inc
Symbol GLAS
Shares Issued 40,250,000
Close 2023-08-10 C$ 3.45
Market Cap C$ 138,862,500
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Glass House to work with Angelos for Reeform brand

2023-08-10 17:51 ET - News Release

Mr. Kyle Kazan reports

WELDON ANGELOS, CRIMINAL JUSTICE REFORM ADVOCATE & MUSIC PRODUCER, LAUNCHES HIS FIRST EXCLUSIVE CANNABIS BRAND - REEFORM

Weldon Angelos, prominent social justice activist and founder of the Weldon Project and Mission [Green], has launched Reeform, a new cannabis brand aiming to rectify the injustices caused by the failed war on drugs and help rebuild the lives of those impacted by prohibition.

The premium indoor flower brand, in partnership with Glass House Brands Inc., is dedicated to fighting for the release of those incarcerated for cannabis, to providing resources and education to help rebuild lives, and to advancing policy reform to end the war on drugs.

Mr. Angelos, who served 13 years of a 55-year prison sentence before receiving a pardon in 2020, has been a tireless activist since his release and has been financing and fighting for social change for those who are still serving prison time for cannabis-related offenses. His most recent work resulted in the release of Luke Scarmazzo, who served nearly 15 years for violating federal drug laws while operating one of the nation's first licensed medical dispensaries in California.

The brand Reeform will work to "release, rebuild and reform" the lives of those incarcerated for cannabis offenses by working directly with those individuals to assist in their release, as well as to help to rebuild their lives by offering scholarships to Oaksterdam University, the world's first cannabis college. The brand will also seek to build supply and retail partnerships with businesses that are owned by or that employ individuals trying to reintegrate into the cannabis industry following periods of incarceration for cannabis. In addition, Reeform will engage with lawmakers and policy-makers on a local and state level to aid those who have been hurt by the war on drugs.

Twenty years after his arrest and incarceration for selling cannabis to an undercover informant, Weldon has reclaimed his life and is able to participate in the legal market as an entrepreneur through Reeform. The brand has launched with two premium indoor strains, Kerosene and Alien Fritter. Product will initially be available exclusively at Farmacy, The Pottery and Natural Healing Center (NHC) locations in California, with state and nationwide release to follow.

"Tens of thousands of people are still incarcerated across the country serving cannabis-related sentences, mostly people of colour. I received a 55-year sentence for selling less than $1,000 worth of cannabis, and now I am able to sell it legally with the explicit aim of helping those still incarcerated by selling top-shelf flower," said Mr. Angelos, founder of the Weldon Project and Mission [Green]. "Reeform will advocate for the release of those unjustly incarcerated to help them rebuild their lives postrelease and to advance cannabis policy reform."

"The Reeform brand aims to complement the work we are doing with Mission [Green] by providing educational and employment resources to help previously incarcerated individuals restart their lives," continued Mr. Angelos.

Glass House has been a valuable partner in Mr. Angelos's continuing fight to end cannabis incarceration around the country and will be contributing to scholarships in support of his efforts with the Reeform brand.

"Weldon has dedicated his life to fighting for policy change and clemency programs that address the lasting harm created by the war on drugs. It's been an honour to support him and his work with the Mission [Green] organization since 2020," said Kyle Kazan, co-founder, chairman and chief executive officer of Glass House and Mission [Green] board member. "The Reeform brand represents Weldon's return to the cannabis industry not only as an entrepreneur leading his own brand as the CEO, but also as a taste master who recognizes the best new strains. I'm excited about his brand because like everything Weldon does, this is top shelf and will resonate with those who demand the best cannabis. Because of his passion for reform, Reeform will be used to amplify his advocacy work and make resources available to right the wrongs committed by the war on drugs."

Hilal Tabsh, chief revenue officer of Glass House, who will spearhead the company's marketing and sales campaign for the Reeform brand, stated: "I am extremely excited about working with Weldon to build broad consumer enthusiasm for Reeform. We hope that all of the flower Reeform sells brings Mission [Green] one step closer to gaining the release of those unjustly incarcerated and to helping them build a new life."

Founded by cannabis advocate Mr. Angelos, who served a 13-year prison sentence for selling less than $1,000 worth of cannabis before being granted clemency in 2016, Mission [Green] creates pathways for expungement and pardons for individuals convicted of cannabis-related offenses at the state, local and federal levels. Mission [Green] also provides legal assistance, re-entry programs and additional support services for formerly incarcerated individuals without access to legal counsel.

About Glass House Brands Inc.

Glass House is one of the fastest-growing, vertically integrated cannabis companies in the United States, with a dedicated focus on the California market and building leading, lasting brands to serve consumers across all segments. From its greenhouse cultivation operations to its manufacturing practices, from brand building to retailing, the company's efforts are rooted in the respect for people, the environment, and the community that co-founders Mr. Kazan, and Graham Farrar, board member and president, instilled at the outset. Through its portfolio of brands, which includes Glass House Farms, Plus Products, Allswell, Field, Forbidden Flowers and Mama Sue Wellness, Glass House is committed to realizing its vision of excellence: outstanding cannabis products and produced sustainably for the benefit of all.

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