Glass House Brands Inc. announced that its shareholders elected all eight nominees to the board of directors and approved the re-appointment of its auditors during the annual meeting held on June 18, 2026. The voting results demonstrated significant shareholder support for the proposed resolutions, which included the election of directors and the ratification of the auditor's appointment for the ensuing year.

Director Election Results

All eight director nominees were elected by a majority of the votes entitled to be cast on the resolution. The voting rights included subordinate voting shares, restricted voting shares, and multiple voting shares, while limited voting shares were not entitled to vote on the election of directors. The detailed voting results for each nominee are as follows:

Auditor Re-appointment

Shareholders also approved the re-appointment of Macias Gini & O'Connell LLP as the auditors of the Company for the ensuing year. The resolution authorized the directors to fix the auditors' remuneration. The full details of the voting results are available in the Report of Voting Results filed on SEDAR+.

Glass House Brands Inc. has applied to list its subordinate voting shares on the New York Stock Exchange (NYSE) following a strategic restructuring of its business segments. The company executed a deconsolidation transaction to segregate its dual-use cannabis business from its medical cannabis operations, a step taken to support its listing application. This restructuring aims to position the company for uplisting while navigating regulatory constraints related to non-medical cannabis in the United States.

Deconsolidation Transaction Details

To facilitate the separation, Glass House Brands and its indirect wholly owned subsidiary, GHB Usub, LLC, entered into agreements to deconsolidate Glass House Retail, LLC (GHR). GHR now holds the company's former dual-use cannabis business, excluding certain assets requiring regulatory approval. These specific businesses will transfer to GHR automatically upon receipt of the necessary regulatory clearances.

Ownership Structure and Voting Rights

As a result of the transaction, GHB Usub, LLC holds non-voting and non-participating units in GHR. The voting units of GHR are controlled by a third-party investor. The non-voting units held by the company's subsidiary can only be converted into voting units after the NYSE permits the listing of companies that consolidate financial statements of entities involved in cultivating, distributing, or processing marijuana for non-medical uses in the U.S.

Key Entities Involved

Further details regarding the Deconsolidation Transaction are available on SEDAR+ under the company's issuer profile.