GlobeNewswire·Feb 24, 2026, 7:30 AM ET

Glass House Brands Board of Directors Establishes Product Expansion Committee to Support New Product and Business Development

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Glass House Brands Inc. announced the establishment of a Special Committee of its Board of Directors to oversee new products, business expansion beyond legacy California cannabis operations, and partnership evaluations with traditional industry participants.
The committee comprises Board members Kyle Kazan, Graham Farrar, and Jocelyn Rosenwald alongside Independent Directors Jay Nichols and Alison Payne, with Mr. Nichols serving as Chairman.
Chairman Jay Nichols brings over four decades of experience in corporate strategy and operations, including recent roles as Chairman and Interim CEO of Protective Insurance Company and CEO of Axis Reinsurance Ltd.
Member Alison Payne serves as Chief Marketing Officer of Heineken USA and is an expert in branding with experience across beer, spirits, snacks, and breakfast food categories in the US and Europe.
CEO Kyle Kazan stated the committee aims to capitalize on anticipated business opportunities following the final rescheduling order from Attorney General Pam Bondi.
The company anticipates that rescheduling cannabis to Schedule III will enable export opportunities to international medical markets and access to a potentially $30 billion Medicare-reimbursable CBD market.
Glass House Brands has accelerated cultivation expansion with the announced buildouts of Greenhouses 2 and 4 to increase production capacity for medical cannabis markets in Europe and international CBD sectors.
The Special Committee's mandate includes forming partnerships with top product developers to integrate Glass House California cannabis into traditional industry brands.
Mr. Nichols emphasized leveraging the company's core competency of low-cost, high-quality cannabinoid production to collaborate with legacy companies on production, distribution, and brand development.
Glass House Brands operates a vertically integrated business in the U.S. with portfolios including Glass House Farms, PLUS Products, Allswell, Mama Sue Wellness, and retail networks such as The Farmacy, Natural Healing Center, and The Pottery.
The press release includes standard forward-looking statements cautioning that actual results may differ materially from expectations due to various risks disclosed in the company's public filings.