Glass House Brands (OTCMKTS:GLASF) Shares Up 8.1% – Here’s Why

Glass House Brands Inc. (OTCMKTS:GLASF) rose 8.1% on Thursday . The stock traded as high as C$12.01 and last traded at C$11.90. 68,989 shares traded hands during trading, a decline of 68% from the average daily volume of 216,414 shares. The stock had previously closed at C$11.01.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Glass House Brands to a “hold” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Glass House Brands Trading Down 4.2%

The firm’s fifty day simple moving average is C$10.88 and its 200 day simple moving average is C$9.26.

About Glass House Brands

Glass House Brands (OTCMKTS:GLASF) is a vertically integrated cannabis cultivation, manufacturing and retail company focused on the California market. Based in Salinas with corporate offices in Los Angeles, the firm cultivates proprietary cannabis genetics in greenhouse facilities and distributes a range of consumer packaged products under its flagship Glass House Farms brand.

Operating advanced glasshouse cultivation sites that leverage sustainable growing practices, Glass House Brands produces high-quality flower, pre-rolls and extract products.