An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · Glass House Brands Inc., together with its subsidiaries, operates as an integrated cannabis company in the United States.
VERDICT
The label
Accumulation
read at $11.81
Glass House Brands Inc. holds its Accumulation at $11.81.
PHPhase · the trend structure carries the Accumulation label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · passes the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-07-19
Phase
Accumulation
Quantitative state
Consolidating, no directional conviction, held for 26 days
Price
$11.81
Valuation
N/A trailing · 44.57 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.51
OPPORTUNITY
The opportunity · what the numbers say it is worth
Our framework reads FAIR VALUE — it trades above our $9.19 fair value estimate.
Read at
$11.81
N/A P/E · 44.57 fwd
Our fair value
$9.19
22% premium
Analyst target (avg)
$16.00
+35% to current
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$11.81
you are here
Conservative
$9.19
-22%
Analyst avg
$16.00
+35%
Our fair value
$9.19
-22%
Analyst high
$16.00
+35%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish — a quality-at-a-fair-price name rather than a deep-value one.
Revenue growth
-9.60%
Profit margin
-20.67%
Debt to equity
42.29
Analyst consensus
None · 2 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company clears both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. Here is how it did on each:
The common standard· AAOIFI Used by most halal investing apps✓ PASSES
Our stricter standard· asset-based The one Titan applies✓ PASSES
Business activityIts core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending.Pass
Debt loadInterest-bearing debt is just 10.0% of its assets, well under the one-third ceiling — it does not run on borrowed money.Pass
Interest-bearing cashCash held in interest-bearing accounts and securities is 2.6% of assets, under the one-third limit.Pass
ReceivablesMoney owed to the company is 0.0% of assets, under the 49% limit.Pass
Revenue purityOnly 0.0% of revenue comes from non-compliant sources — under the 5% line.Pass
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Cannabis Shops Still Deep in the Red
Picture a grower running its own stores and selling bulk flower to other retailers, yet still reporting revenue down 10 percent and a 21 percent loss margin. Glass House trades at 44.6 times forward earnings with return on equity at minus 20 percent, well above our fair value of 9.19 against the current 11.81 price. The ethical screen clears it, but the numbers show a business that has not yet turned consistent cash.
The two-analyst median target of 16 sits even higher, yet offers little comfort when growth is negative and the company remains unprofitable. A premium multiple on shrinking sales rarely ends well in a market this fragmented and heavily regulated.
Margins stay thin while competition and state rules keep shifting, so any rebound in volumes could vanish quickly. The current price leaves no margin of safety. Analysis, not advice.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; as a drug manufacturers - specialty & generic name, trial and regulatory outcomes can move it sharply either way.
Plain-English interpretation of our own screen data. Analysis, not advice.
PEERS
Related securities · others in GLASF's space worth a look
Screened names in the same industry · explore each on its own page.
TRADE
Where & how to trade · wherever in the world you are
GLASF trades on OQX. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.
TRADER
The trader read · the latest dated commentary
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 33% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 137%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (2 analysts) rates it buy, with a mean price target of $10. Entered 2026-07-18 · Accumulation
JOURNAL
The dated journal · newest first, never edited
2026-07-18Accumulation$13.25+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 33% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 137%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (2 analysts) rates it buy, with a mean price target of $10.
2026-07-03Accumulation$13.25+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Accumulation$13.25Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$9.35
+36.9%
·
$1,369
+36.9%
2 months
$8.11
+57.8%
·
$1,578
+57.8%
3 months
$7.61
+68.2%
·
$1,682
+68.2%
6 months
$5.80
+120.8%
·
$2,208
+120.8%
1 year
$5.40
+137.0%
·
$2,370
+137.0%
2 years
$7.14
+79.4%
·
$1,794
+79.4%
3 years
$4.15
+208.7%
·
$3,087
+208.7%
5 years
$9.96
+28.5%
·
$1,285
+28.5%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever GLASF does next, these words stay.
Glass House Brands Inc. · GLASF · Accumulation · $11.81
Recorded 2026-07-19 · before the outcome · scored mechanically
