Glass House Brands has announced a new plan that could help them grow and attract more investments over the next couple of years. They have prepared a document called a "Shelf Prospectus" which has been filed in all provinces of Canada. This document allows Glass House to offer different types of financial securities, like shares and bonds, whenever they need more money for expansion or other business needs.
"With our strong operating performance, long-term growth prospects, and increase in share price over the past eighteen months, having a base shelf will provide additional flexibility to add growth capital and lower our cost of capital when we judge the time to be right," stated Kyle Kazan, Co-Founder, Chairman and CEO of Glass House. "At that time, we will consider all available options including debt, equity, and preferred equity or any combination."
For now, Glass House has no immediate plans to sell any securities. They just want to be prepared in case they need to raise funds in the future. If they do decide to sell any securities, they will provide specific details at that time.
For more information:
Glass House Farms
www.glasshousefarms.org