Latest news with #GrahamFarrar
Fox News
7 days ago
- Politics
- Fox News
Child predator among more than 300 nabbed in cannabis farm ICE raid, largest of Trump's second term
Federal authorities have confirmed that more than 300 illegal aliens were arrested Thursday during an Immigration and Customs Enforcement (ICE) raid at a Ventura County, California cannabis farm. Department of Homeland Security Secretary Kristi Noem confirmed on X that 319 unlawful immigrants were apprehended during the raid at Glass House Farms, and said that "law enforcement rescued 14 children from potential forced labor, exploitation, and trafficking." The raid is believed to be the second-largest single-state ICE worksite operation in history, behind the first Trump administration's 2019 Mississippi chicken plant raids that netted almost 700 illegal alien arrests. One man taken into custody has a history of violent crime, including attempted child exploitation. CBP Commissioner Rodney Scott posted a photo of the unnamed migrant on X. "This illegal alien was apprehended at the CA marijuana facility," he said. "Turns out he had been sentenced to 7 yrs for kidnapping & attempted rape, w/ a prior conviction for attempted child molestation. And this felon was working at the same farm as 10 kids - one being 14 yrs old." Fox News has learned that the children rescued at the farm are from Mexico and Honduras, and that immigration authorities are analyzing the criminal histories of all 319 of the detained illegal aliens. Glass House Farms is under investigation for possible child labor law violations. The company's co-founder, president and board director, Graham Farrar, donated $10,000 to California Gov. Gavin Newsom in 2018, among other Democratic politicians. He has also donated to Republicans, and shown support for Republicans who expressed support for liberalizing cannabis laws. A violent clash erupted between ICE agents and protesters during the massive raid. Federal law enforcement agents were assaulted during the operation, and one combatant appeared to fire a handgun towards agents as the crowd was dispersed with tear gas. One worker died during the raid after climbing a 30-foot greenhouse and subsequently falling from it. An irate Trump took to his Truth Social platform to blast the protesters, and authorize ICE to take whatever precautions are necessary to protect themselves during future raids. "I am on my way back from Texas, and watched in disbelief as THUGS were violently throwing rocks and bricks at ICE Officers while they were moving down a roadway in their car and/or official vehicle," he said. "Tremendous damage was done to these brand new vehicles. I know for a fact that these Officers are having a hard time with allowing this to happen in that it shows such total disrespect for LAW AND ORDER. "I am giving Total Authorization for ICE to protect itself, just like they protect the Public," he wrote. "I never want to see a car carrying a Law Enforcement Officer attacked again! AUTHORIZATION IMMEDIATELY GRANTED FOR ARREST AND INCARCERATION. Thank you for your attention to this matter!"
Fox News
11-07-2025
- Politics
- Fox News
Newsom donor's cannabis farm under federal investigation for 'child labor violations'
FIRST ON FOX: The President of Glass House Farms, the cannabis farm that federal immigration authorities raided in California on Thursday despite protests, has donated thousands to Democrats in California. Co-founder, president, and board director Graham Farrar, who self-identifies on social media as residing in Santa Barbara, California, has made numerous political donations to the Santa Barbara County Democratic Central Committee's federal political action committee and Rep. Salud Carbajal, D-Calif., according to Federal Election Commission records. According to California public campaign finance records, he also donated $10,000 to California Democratic Gov. Gavin Newsom in 2018, and his most recent public political donation was to California Democratic Assemblymember Gregg Hart in July 2023. Customs and Border Protection Commissioner Rodney Scott tweeted that the farm is "now under investigation for child labor violations" and the Department of Homeland Security told Fox News on Friday that nine unaccompanied children in the U.S. illegally were rescued. "So glad our law enforcement could rescue another child," DHS Assistant Secretary Tricia McLaughlin stated. Glass House Brands said in a statement that they complied with the federal warrants issued. "Yesterday, Glass House Brands received immigration and naturalization warrants. As per the law, we verified that the warrants were valid and we complied. Workers were detained and we are assisting to provide them legal representation," the company tweeted. "Glass House has never knowingly violated applicable hiring practices and does not and has never employed minors. We do not expect this to affect operations moving forward. We will provide additional details when applicable." "Know there are lots of questions, we have a lot of them too, as we get more information we will update. Our team has been continually on site and we are focused on taking care of our people and our plants," Farrar posted to X. Farrar's X feed also shows him retweeting Republicans, such as former Rep. Matt Gaetz, in support of cannabis policy reforms. Protesters clashed with federal authorities in Camarillo on Thursday during an immigration operation. Federal authorities had a warrant for illegal employees, Fox News has learned. Another raid also occurred at another Glass House Farm in Carpinteria. In addition, U.S. Attorney for the Central District of California Bill Essayli said the FBI has offered a $50,000 award for information leading to the conviction of an unknown suspect who appeared to fire a pistol at federal law enforcement officers near Camarillo. People were seen confronting the agents, who used tear gas and smoke bombs. Federal personnel used gas to push back protesters who arrived on the scene after getting word of a raid. Military helicopters were also seen flying low over the fields, a maneuver generally used to flush out people hiding. "It is becoming increasingly apparent that the actions taken by ICE are bold and aggressive, demonstrating insensitivity towards the direct impact on our community," Luis Mc Arthur, the mayor of nearby Oxnard, said in a social media post. "These actions are causing unnecessary distress and harm. I remain committed to working alongside our Attorney General and the Governor's office to explore potential legal avenues to address these activities." When the governor was asked his thoughts on the footage of somebody firing a gun at federal authorities by right-wing social media account Libs of TikTok, Newsom replied "Of course I condemn any assault on law enforcement, you sh* poster. Now do Jan 6." "California prosecutes child exploiters and traffickers. Trump tear-gasses children, rips them from their parents, and deports farmworkers. Priorities," Newsom tweeted in response to Scott's post about the child labor allegations against the farm. Fox News reached out to Glass House and Newsom.
Hamilton Spectator
24-06-2025
- Business
- Hamilton Spectator
Glass House Brands Inc. Announces Voting Results Following Annual and Special Meeting
LONG BEACH, Calif. and TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — Glass House Brands Inc. ('Glass House' or the 'Company') (CBOE CA: GLAS.A.U) (CBOE CA: (OTCQX: GLASF) (OTCQX: GHBWF), one of the fastest-growing, vertically integrated cannabis companies in the U.S., announces that, at the Company's annual and special meeting (the 'Meeting') of shareholders that was held on June 20, 2025 at 11:00 a.m. (Pacific Time), the Company's shareholders passed all of the resolutions put before them. At the Meeting, all eight nominees for the Board of Directors of the Company were elected, the voting results of which are as follows: Note: Shareholders also approved the re-appointment of Macias Gini & O'Connell LLP as auditors of the Company for the ensuing year, authorized the directors to fix the auditors' remuneration, and approved a one-time fixed increase to the rolling 10% share reserve under the Company's long-term equity incentive plan and the granting of performance awards thereunder. Of the votes cast by shareholders entitled to vote thereon, the auditors' reappointment was approved with a 99.99% favorable vote and the vote for the long-term incentive plan achieved 97.85% approval. Full details of the foregoing are contained in the Report of Voting Results for the Meeting which has been filed on SEDAR+ at . About Glass House Brands Glass 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. Whether it be through its portfolio of brands, which includes Glass House Farms , PLUS Products , Allswell and Mama Sue Wellness or its network of retail dispensaries throughout the state of California, which includes The Farmacy , Natural Healing Center and The Pottery , 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 and . 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, statements regarding the Company's financial outlook or operational plans and statements related to future market conditions. All forward-looking statements, including those herein, 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 and in the Company's Form 40-F available on EDGAR at . For more information on the Company, investors are encouraged to review the Company's public filings on SEDAR+ at . 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. Jon DeCourcey, Vice President of Investor Relations T: (781) 724 6869 E: ir@ Investor Relations Contact: KCSA Strategic Communications Phil Carlson T: 212-896-1233 E: GlassHouse@
Associated Press
20-05-2025
- Business
- Associated Press
Glass House Brands Announces Mailing of Circular and Establishment of Share-based Long-term Management Incentive Plan Pending Shareholder Approval
LONG BEACH, Calif. and TORONTO, May 20, 2025 (GLOBE NEWSWIRE) -- Glass House Brands Inc. ('Glass House' or the 'Company') (CBOE CA: GLAS.A.U) (CBOE CA: (OTCQX: GLASF) (OTCQX:GHBWF), one of the fastest-growing, vertically-integrated cannabis companies in the U.S., today announces the mailing of its management information circular and related materials to shareholders in connection with the upcoming annual and special meeting of shareholders, to be held on June 20, 2025 (the 'Meeting'), where disinterested shareholders will be asked to approve Performance Awards (defined below) associated with the establishment of a long-term management incentive plan and a related increase in the share reserve of the Company's equity incentive plan. On May 15, 2025 (the 'Grant Date'), subject to Disinterested Shareholder and applicable exchange approval, the Board of Directors (the 'Board') approved an initial long-term management incentive plan granting to each of Kyle Kazan, Co-Founder, Chairman and Chief Executive Officer, Graham Farrar, President, Mark Vendetti, Chief Financial Officer, Hilal Tabsh, Chief Revenue Officer, and Benjamin Vega, General Counsel and Corporate Secretary (each, a 'Recipient') certain performance-based restricted stock units ('RSUs') that vest only if the Company achieves certain share price milestones and the Recipients meet certain time-based vesting requirements (the 'Performance Awards'). Vesting of the Performance Awards will occur over a five-year period and is dependent on the Recipients leading the Company to achieve a minimum $30.00 price per share, with further incremental vesting if the share price reaches or exceeds $60.00 per share. On May 14, 2025, the day prior to the Grant Date, the closing price per share was $6.51. In sharing his thoughts, Mr. Kazan said, 'I believe that to hit the share price targets in the LTIP, Glass House Brands will need to be uplisted on a major exchange, and should that happen, I would expect a renewed focus on this industry, likely with monetary resources never seen. As Glass House has in my view one of the best, if not the best, executing teams in cannabis, I sincerely appreciate the Board granting an incentive package that aligns with investors on a stretch goal. The 'glue in the seat' for the senior team is a helpful motivation to keep the team intact.' The Performance Awards are designed to provide the Recipients with incentives linked to significant long-term shareholder value creation. In aggregate, 3,000,000 performance-based RSUs were granted, representing approximately 2.3% of the fully diluted share-count as of May 14, 2025 assuming the exercise of all outstanding warrants and achievement of a $60.00 share price. Share price performance targets will be measured quarterly using a volume weighted average trading price. Vesting is tied to growth in share price, rather than increases in market capitalization, to align the Performance Awards with long-term shareholder interests and encourage a continued, disciplined approach to treasury management and shares outstanding. Subject to certain limited exceptions, vesting of the Performance Awards is also conditional upon the Recipients' continued service in senior executive roles for a minimum of three years following the Grant Date. Payout of vested Performance Awards will be deferred until the end of the fourth and fifth years, respectively, following the Grant Date. In determining whether to grant the Performance Awards, the Board established a special committee comprised of independent directors (the 'Special Committee') to develop and assess the efficacy of granting such awards, including its risks and alternatives, and to ensure that the grant of such awards to the Recipients would be in the best interests of the Company. The Special Committee retained Hugessen Consulting, an independent compensation consultant, as advisor. The Board and Special Committee believe the Performance Awards are in the best interests of the Company as they further align shareholder, Company, and Recipient interests; encourage Recipient retention; and promote the achievement of the Company's current and future strategic and financial objectives. In connection with the design of the Performance Awards and consistent with best governance practices, the Board adopted a clawback policy, whereby any proceeds received by Recipients under the Performance Awards would be clawed back in the event of certain financial restatements. About Glass House Brands Glass 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. Whether it be through its portfolio of brands, which includes Glass House Farms, PLUS Products, Allswell and Mama Sue Wellness or its network of retail dispensaries throughout the state of California, which includes The Farmacy, Natural Healing Center and The Pottery, 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 and 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, statements regarding the design and implementation of the Performance Awards, the retention of key leadership team members, and the potential future growth in share price. All forward-looking statements, including those herein, 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 and in the Company's Form 40-F available on EDGAR at For more information on the Company, investors are encouraged to review the Company's public filings on SEDAR+ at 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. Jon DeCourcey, Vice President of Investor Relations T: (781) 724-6869 E: [email protected] Investor Relations Contact: KCSA Strategic Communications Phil Carlson T: 212-896-1233 E: [email protected]
Yahoo
20-05-2025
- Business
- Yahoo
Glass House Brands Announces Mailing of Circular and Establishment of Share-based Long-term Management Incentive Plan Pending Shareholder Approval
LONG BEACH, Calif. and TORONTO, May 20, 2025 (GLOBE NEWSWIRE) -- Glass House Brands Inc. ('Glass House' or the 'Company') (CBOE CA: GLAS.A.U) (CBOE CA: (OTCQX: GLASF) (OTCQX:GHBWF), one of the fastest-growing, vertically-integrated cannabis companies in the U.S., today announces the mailing of its management information circular and related materials to shareholders in connection with the upcoming annual and special meeting of shareholders, to be held on June 20, 2025 (the 'Meeting'), where disinterested shareholders will be asked to approve Performance Awards (defined below) associated with the establishment of a long-term management incentive plan and a related increase in the share reserve of the Company's equity incentive plan. On May 15, 2025 (the 'Grant Date'), subject to Disinterested Shareholder and applicable exchange approval, the Board of Directors (the 'Board') approved an initial long-term management incentive plan granting to each of Kyle Kazan, Co-Founder, Chairman and Chief Executive Officer, Graham Farrar, President, Mark Vendetti, Chief Financial Officer, Hilal Tabsh, Chief Revenue Officer, and Benjamin Vega, General Counsel and Corporate Secretary (each, a 'Recipient') certain performance-based restricted stock units ('RSUs') that vest only if the Company achieves certain share price milestones and the Recipients meet certain time-based vesting requirements (the 'Performance Awards'). Vesting of the Performance Awards will occur over a five-year period and is dependent on the Recipients leading the Company to achieve a minimum $30.00 price per share, with further incremental vesting if the share price reaches or exceeds $60.00 per share. On May 14, 2025, the day prior to the Grant Date, the closing price per share was $6.51. In sharing his thoughts, Mr. Kazan said, 'I believe that to hit the share price targets in the LTIP, Glass House Brands will need to be uplisted on a major exchange, and should that happen, I would expect a renewed focus on this industry, likely with monetary resources never seen. As Glass House has in my view one of the best, if not the best, executing teams in cannabis, I sincerely appreciate the Board granting an incentive package that aligns with investors on a stretch goal. The 'glue in the seat' for the senior team is a helpful motivation to keep the team intact.' The Performance Awards are designed to provide the Recipients with incentives linked to significant long-term shareholder value creation. In aggregate, 3,000,000 performance-based RSUs were granted, representing approximately 2.3% of the fully diluted share-count as of May 14, 2025 assuming the exercise of all outstanding warrants and achievement of a $60.00 share price. Share price performance targets will be measured quarterly using a volume weighted average trading price. Vesting is tied to growth in share price, rather than increases in market capitalization, to align the Performance Awards with long-term shareholder interests and encourage a continued, disciplined approach to treasury management and shares outstanding. Subject to certain limited exceptions, vesting of the Performance Awards is also conditional upon the Recipients' continued service in senior executive roles for a minimum of three years following the Grant Date. Payout of vested Performance Awards will be deferred until the end of the fourth and fifth years, respectively, following the Grant Date. In determining whether to grant the Performance Awards, the Board established a special committee comprised of independent directors (the 'Special Committee') to develop and assess the efficacy of granting such awards, including its risks and alternatives, and to ensure that the grant of such awards to the Recipients would be in the best interests of the Company. The Special Committee retained Hugessen Consulting, an independent compensation consultant, as advisor. The Board and Special Committee believe the Performance Awards are in the best interests of the Company as they further align shareholder, Company, and Recipient interests; encourage Recipient retention; and promote the achievement of the Company's current and future strategic and financial objectives. In connection with the design of the Performance Awards and consistent with best governance practices, the Board adopted a clawback policy, whereby any proceeds received by Recipients under the Performance Awards would be clawed back in the event of certain financial restatements. About Glass House Brands Glass 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. Whether it be through its portfolio of brands, which includes Glass House Farms, PLUS Products, Allswell and Mama Sue Wellness or its network of retail dispensaries throughout the state of California, which includes The Farmacy, Natural Healing Center and The Pottery, 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 and 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, statements regarding the design and implementation of the Performance Awards, the retention of key leadership team members, and the potential future growth in share price. All forward-looking statements, including those herein, 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 and in the Company's Form 40-F available on EDGAR at For more information on the Company, investors are encouraged to review the Company's public filings on SEDAR+ at 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 DeCourcey, Vice President of Investor RelationsT: (781) 724-6869E: ir@ Investor Relations Contact: KCSA Strategic CommunicationsPhil CarlsonT: 212-896-1233E: GlassHouse@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
