Mr. Kyle Kazan reports

GLASS HOUSE BRANDS ANNOUNCES HEMP RESEARCH AND DEVELOPMENT AGREEMENT WITH THE UNIVERSITY OF CALIFORNIA, BERKELEY

Glass House Brands Inc. has collaborated with the University of California, Berkeley, to explore hemp-related research, including novel medicinal product development, identification and improvement of hemp genetics, market analysis, supply chain sustainability, and artificial intelligence automation for cultivation and production.

In addition, the collaboration aims to evaluate data-driven and evidence-based approaches to hemp policy and regulation, with the aim of reducing uncertainty for California hemp growers. This collaboration will explore potential drug development research opportunities targeting coronaviruses, pain, sleep, inflammation and cirrhosis.

In 2024, Glass House obtained a hemp licence and has been actively growing and testing hemp on a research and development basis. Within the company's dedicated hemp R&D greenhouse, Glass House has the capacity to produce up to 240,000 pounds of biomass annually.

"We are excited to work with UC Berkeley as we continue to evaluate our long-term hemp strategy. This is the first collaboration of its kind in this industry, and Berkeley has a successful history of assisting industry stakeholders to find innovative and sustainable solutions to environmental issues. We are confident that, through this agreement, we will be better positioned to navigate the local and national legislative uncertainty for the hemp industry as we prepare to scale the business into the future," said Kyle Kazan, co-founder, chairman and chief executive officer of Glass House Brands. "Furthermore, we appreciate that the premier public university in California is supporting this sector of the agricultural industry, which is substantial in our state. We have the capacity to be one of the largest hemp cultivators in the United States, so we are excited to explore the potential benefits of this collaboration for farmers, the industry and for the State of California. We believe that the demand for hemp-derived products nationally is massive. Pending future developments with the Federal Farm Bill and regulatory changes that align at the state level, we are confident that opportunities to scale to the national market will manifest."

Orrin Devinsky, MD, Glass House's medical and science adviser to the board of directors, a professor of neurology, neuroscience and psychiatry, who was the lead investigator in the studies on cannabidiol leading to Food and Drug Administration approval, said, "As a long-time proponent of cannabinoids for treatments, I'm excited to collaborate with the research faculty at UC Berkeley to explore the development of new treatments to improve the quality of life for many with disabling disorders."

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. Whether it be through its portfolio of brands, which includes Glass House Farms, Plus Products, Allswell and Mama Sue Wellness, or its network of retail dispensaries throughout the state of California, which includes the Farmacy, Natural Healing Center and the Pottery, Glass House is committed to realizing its vision of excellence: outstanding cannabis products, produced sustainably, for the benefit of all.

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