Mr. Kyle Kazan reports

GLASS HOUSE BRANDS ANNOUNCES APPOINTMENT OF JOHN 'JAY' NICHOLS JR. TO ITS BOARD OF DIRECTORS

Glass House Brands Inc. has appointed former Protective Insurance Company chairman and interim chief executive officer John (Jay) D. Nichols Jr. as the newest member of the company's board of directors, effective immediately.

Kyle Kazan, co-founder, chairman and chief executive officer of Glass House, stated: "We are very pleased to welcome Jay to the Glass House board. He is an innovative leader with substantial experience in growing and transforming companies that have strong regulatory oversight. Jay's insights will be invaluable as we continue to aggressively expand, especially considering recent industry-wide developments related to the potential rescheduling of cannabis. In addition to his impeccable business resume, Jay's interests and scope of achievement include sporting and the arts. During his college career, Jay led his ski team to a top-10 finish at the National Collegiate Ski Association championships. He is currently a member of the board of governors of the Parsons School of Design."

Mr. Nichols is an accomplished insurance and reinsurance executive with more than four decades of experience. Most recently, Mr. Nichols served as chairman of the board and interim CEO -- by request of the board -- at Protective Insurance Company, where he oversaw the acquisition of the company by Progressive Insurance Company. Prior to that, he was the CEO of Axis Reinsurance Ltd., where he was tasked with the turnaround of the company's global reinsurance business after significant losses in 2011. Before this, Mr. Nichols spent 15 years at RenaissanceRe Holdings Ltd., eventually serving as president of RenaissanceRe Ventures. After having joined as the controller in 1995, Mr. Nichols spearheaded the company's growth through strategic acquisitions and joint ventures. He also previously held senior executive and financial reporting positions at Hartford Steam Boiler and Monarch Life Insurance Company, and at the leading international forensic accounting firm Matson, Driscoll & Damico.

"Given the changes under way in the federal regulatory regime, this is a particularly exciting time for the cannabis industry," said Mr. Nichols. "I look forward to contributing my expertise in corporate strategy, operations and finance to help the board and the executive team achieve even greater growth and long-term profitability. Glass House Brands has developed a transformative business model in a rapidly changing industry, positioning the company well to significantly expand its platform and value proposition."

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, and 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 and Mama Sue Wellness, Glass House is committed to realizing its vision of excellence: outstanding cannabis products, produced sustainably, for the benefit of all.

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