newsfilter
← Latest News
GlobeNewswire·

Glass House Brands Announces Change of Auditor

  • Glass House Brands Inc. announced the resignation of auditor BDO USA, P.C. & the reappointment of Macias Gini & O'Connell LLP ("MGO") effective November 6, 2026.
  • Both the Audit Committee & Board of Directors approved the change in auditors.
  • MGO originally served as the auditor from mid-2021 until its resignation on September 11, 2026, which was requested to facilitate BDO's appointment.
  • MGO agreed with the company's statement that no reportable event occurred during its tenure, while declining to agree or disagree with statements not relating to MGO.
  • The company initiated the auditor change to leverage BDO's expertise & ability to meet the Q3 reporting deadline of November 16, 2026.
  • Concerns arose in mid-October 2026 that BDO could not complete its review of the Q3 interim financial statements by the deadline due to unresolved accounting issues regarding the deconsolidation of Glass House Retail, LLC.
  • MGO had previously reviewed the deconsolidation accounting during the Q2 2026 interim period without identifying any material modifications.
  • MGO confirmed its ability to complete the Q3 review within the filing timetable, subject to acceptance procedures & formal appointment.
  • The Board concluded no reportable event occurred during BDO's tenure, though BDO classified its incomplete review of the deconsolidation as an unresolved reportable event under NI 51-102.
  • BDO did not issue an auditor's report on the company's financial statements during its short appointment.
  • MGO had not identified any material modification required to the accounting treatment or related disclosures for the deconsolidation transaction during its prior Q2 review.
Company
Glass House Brands Inc.
Keywords
NYSE:GLAS, Glass House Brands Inc.