Glass House Brands Welcomes Hector De La Torre Back to The Board of Directors
16 July 2024 - 6:05AM
Glass House Brands Inc. ("Glass House" or the "Company") (CBOE CA:
GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF), one
of the fastest-growing, vertically integrated cannabis companies in
the U.S., announced today the reappointment of Hector De La Torre
to the Company's Board of Directors. Mr. De La Torre previously
served as an original member of the Board until 2023, when he
stepped down due to time restraints connected to other commitments.
“We are excited to welcome Hector back to the
Glass House Board,” said Kyle Kazan, Co-Founder, Chairman and CEO
of Glass House. "Hector made many valuable contributions to our
company during his first tenure and was one of the earliest vocal
advocates for cannabis policy reform in California when he was a
member of the State Assembly. We know that his proven track record
in public health and public affairs will be invaluable going
forward as the cannabis industry evolves and we continue to execute
on our growth plans.”
"Glass House Brands is the premier cannabis
company in California,” said Mr. De La Torre. “Having experienced
the growing pains from the inception during my previous tenure, I
look forward to contributing to Glass House being a market leader
with its many opportunities for growth going forward.”
Hector De La Torre is a veteran public servant
with significant government and nonprofit experience. He is
currently a member of the board and former two-term chair at LA
Care (the largest public nonprofit health plan in the United
States), a trustee and co-chair of the Obama Scholars Advisory
Council at his alma mater Occidental College in Los Angeles, and an
Assembly appointee member of the California Air Resources
Board.
De La Torre served in the California State
Assembly from 2004 to 2010, representing the largely Latino 50th
District in southeast LA County. He chaired the Budget Subcommittee
on Health and Human Services, the Rules Committee and helped create
and chair the Accountability and Administrative Review Committee
during his tenure. De La Torre was recently the Executive Director
of the nonprofit Gasol Foundation focused on children's wellness,
and the national non-profit Transamerica Center for Health Studies.
Prior to his service in the Assembly, he served as Mayor and as a
member of the South Gate City Council, Judicial Administrator in
the LA Superior Court, chief of staff to the Deputy Secretary of
Labor in the Clinton Administration, and a teacher at Edison Junior
High in south LA.
De La Torre received his Bachelor's Degree in
Diplomacy and World Affairs from Occidental College and attended
the Elliot School of International Affairs at The George Washington
University. He lives in South Gate.
With the addition of Mr. De La Torre, the
Company’s Board of Directors has expanded from seven to eight
members, which also reflects the recent addition of John “Jay” D.
Nichols, Jr.
ABOUT GLASS HOUSEGlass House is one of the
fastest-growing, vertically integrated cannabis companies in the
U.S., 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 Kyle Kazan Chairman and CEO, and Graham
Farrar Board Member and President, instilled at the outset. Through
its portfolio of brands, which includes Glass House Farms, PLUS
Products, Allswell and Mama Sue Wellness, Glass House is committed
to realizing its vision of excellence: outstanding cannabis
products, produced sustainably, for the benefit of all. For more
information and company updates, visit www.glasshousebrands.com and
https://glasshousebrands.com/press-releases/.
FORWARD LOOKING STATEMENTS
This news release contains certain
forward-looking information and forward-looking statements, as
defined in applicable securities laws (collectively referred to
herein as "forward-looking statements"). Forward-looking statements
reflect current expectations or beliefs regarding future events or
the Company's future performance or financial results. All
statements other than statements of historical fact are
forward-looking statements. Often, but not always, forward- looking
statements can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"continues", "forecasts", "projects", "predicts", "intends",
"anticipates", "targets" or "believes", or variations of, or the
negatives of, such words and phrases or state that certain actions,
events or results "may", "could", "would", "should", "might" or
"will" be taken, occur or be achieved. Forward-looking statements
in this news release include, without limitation, the Company’s
statements that: Mr. De La Torre’s proven track record in public
health and public affairs will be invaluable going forward as the
cannabis industry evolves and the Company continues to execute on
its growth plans; and that Mr. De La Torre looks forward to
contributing to Glass House being a market leader with its many
opportunities for growth going forward. All forward-looking
statements are qualified by this cautionary statement. Although the
Company believes that the expectations expressed in such statements
are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments
may differ materially from those in the statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. There are certain factors that could cause actual
results to differ materially from those in the forward-looking
information, including those risks disclosed in the Company's
Annual Information Form available on SEDAR+ at www.sedarplus.ca and
in the Company's Form 40-F available on EDGAR at www.sec.gov. For
more information on the Company, investors are encouraged to review
the Company's public filings on SEDAR+ at www.sedarplus.ca. The
forward-looking statements in this news release speak only as of
the date of this news release or as of the date or dates specified
in such statements. The Company disclaims any intention or
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
other than as required by law.
For further information, please
contact:Glass House Brands Inc. John Brebeck, Vice
President of Investor Relations T: (562) 264-5078 E:
ir@glasshousebrands.com
Mark Vendetti, Chief Financial Officer T: (562) 264-5078 E:
ir@glasshousebrands.com
Investor Relations Contact:KCSA
Strategic CommunicationsPhil Carlson T: (212) 896-1233E:
GlassHouse@kcsa.com
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