| Item 1. | |
| (a) | Name of issuer:
GLASS HOUSE BRANDS INC. |
| (b) | Address of issuer's principal executive offices:
3645 Long Beach Blvd., Long Beach, California, 90807 |
| Item 2. | |
| (a) | Name of person filing:
This report on Schedule 13G (this "Schedule 13G") is being jointly filed by (i) Park West Asset Management LLC, a Delaware limited liability company ("PWAM"), (ii) Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF"), and (iii) Peter S. Park ("Mr. Park" and, collectively with PWAM and PWIMF, the "Reporting Persons"). PWAM is the investment manager to PWIMF and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI" and, together with PWIMF, the "PW Funds"). Mr. Park, through one or more affiliated entities, is the controlling manager of PWAM. As of June 30, 2026, PWIMF held 4,660,392 subordinate voting shares, restricted voting shares and/or limited voting shares (collectively, the "Equity Shares"), as well as Series E Convertible Preferred Stock convertible into 757,888 Equity Shares, for an aggregate beneficial ownership of 5,418,280 Equity Shares of Glass House Brands Inc. (the "Issuer"). As of the same date, PWPI held 521,638 Equity Shares, together with Series E Convertible Preferred Stock convertible into 79,777 Equity Shares, for an aggregate beneficial ownership of 601,415 Equity Shares of the Issuer. PWAM, as investment manager to the PW Funds, may be deemed to beneficially own 6,019,695 Equity Shares of the Issuer, including 837,665 Equity Shares issuable upon conversion of the Series E Convertible Preferred Stock. The foregoing beneficial ownership percentage is based upon 79,919,577 issued and outstanding Equity Shares as of June 9, 2026, based on information reported by the Issuer in its Form F-10 filed with the Securities and Exchange Commission on July 15, 2026. |
| (b) | Address or principal business office or, if none, residence:
The address for the Reporting Persons is: One Letterman Drive, Building C, Suite C5-900, San Francisco, CA 94129. |
| (c) | Citizenship:
PWAM is organized under the laws of the State of Delaware. PWIMF is a Cayman Islands exempted company. Mr. Park is a citizen of the United States. |
| (d) | Title of class of securities:
SUBORDINATE, RESTRICTED AND LIMITED VOTING SHARES, WITHOUT PAR VALUE |
| (e) | CUSIP Number(s):
377130406 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
|
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
|
| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
|
| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
|
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
|
| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
PWAM and Mr. Park - 6,019,695.00
PWIMF - 5,418,280.00 |
| (b) | Percent of class:
PWAM and Mr. Park - 7.5%
PWIMF - 6.7% |
| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
0
|
| | (ii) Shared power to vote or to direct the vote:
PWAM and Mr. Park - 6,019,695.00
PWIMF - 5,418,280.00
|
| | (iii) Sole power to dispose or to direct the disposition of:
0
|
| | (iv) Shared power to dispose or to direct the disposition of:
PWAM and Mr. Park - 6,019,695.00
PWIMF - 5,418,280.00
|
| Item 5. | Ownership of 5 Percent or Less of a Class. |
| |
Not Applicable
|
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
| |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
| |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
| |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
| |
Not Applicable
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Rule 13d-1(d)