Mr. John Brebeck reports

GLASS HOUSE BRANDS ANNOUNCES COURT DISMISSAL OF CATALYST LAWSUIT

A civil complaint against Glass House Brands Inc. has been dismissed with prejudice and judgment has been entered in the company's favour.

On June 25, 2024, the Superior Court of California (Los Angeles County) dismissed a lawsuit (Case 23LBCV01025) filed by 562 Discount Med Inc. (doing business as Catalyst Cannabis Co.) against Glass House for unfair competition. The Court granted Glass House's motion for judgment on the pleadings with prejudice, finding that a requested injunction to halt the alleged illegal sales would "assume the functions of an administrative agency, or to interfere with the functions of an administrative agency," and the enforcement of any injunction would be "overly burdensome." On July 15, 2024, the Court entered a judgment in Glass House's favour, awarding costs against the plaintiff and concluding the case.

In an earlier press release dated May 20, 2024, Glass House announced it was voluntarily dismissing without prejudice its defamation lawsuit against Catalyst Cannabis Co., citing serious concerns about Catalyst's financial viability, which could render a judgment worthless, and harassment threats by Catalyst to Glass House's customers, and its customers' customers.

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.