Mr. Kyle Kazan reports

GLASS HOUSE BRANDS ANNOUNCES THE FILING OF A BASE SHELF PROSPECTUS

Glass House Brands Inc. has filed a short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada. The shelf prospectus allows Glass House to offer, from time to time, over a 25-month period, equity shares, preferred shares, debt securities, subscription receipts, warrants and units comprising more than one of the foregoing securities, or any combination thereof, in all of the provinces and territories of Canada.

"With our strong operating performance, long-term growth prospects, and increase in share price over the past 18 months, having a base shelf will provide additional flexibility to add growth capital and lower our cost of capital when we judge the time to be right," stated Kyle Kazan, co-founder, chairman and chief executive officer of Glass House. "At that time, we will consider all available options, including debt, equity and preferred equity, or any combination."

The company has filed the shelf prospectus to maintain financial flexibility but has no immediate plans to undertake an offering of securities under the shelf prospectus. There is no certainty that any securities will be offered or sold under the shelf prospectus within the 25-month effective period. Should Glass House decide to offer any securities during the 25-month effective period, the specific terms will be set forth in a prospectus supplement to the shelf prospectus.

A copy of the shelf prospectus may be found on SEDAR+.

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 Kyle Kazan, chairman and chief executive officer, 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.

We seek Safe Harbor.