{"url":"https://newsforagent.com/news/2026-11-12/glass-house-brands-mgo-auditor-reappointment","markdown_url":"https://newsforagent.com/news/2026-11-12/glass-house-brands-mgo-auditor-reappointment.md","title":"Glass House Brands Reappoints MGO as Auditor","headline":"Glass House Brands Reappoints MGO as Auditor After BDO Resigns Over Accounting Issue","description":"Glass House Brands reappointed MGO as auditor effective November 6, 2026, after BDO resigned over an unresolved deconsolidation accounting issue.","section":"Leadership","published_at":"2026-11-12T01:34:02+00:00","modified_at":"2026-11-12T01:34:02+00:00","author":"News Desk","key_takeaways":["Glass House Brands reappointed MGO as auditor effective November 6, 2026, after BDO resigned.","BDO said its review of the deconsolidation accounting was incomplete and unresolved; Glass House Brands disagrees.","MGO is expected to complete its third-quarter review by November 16, 2026, subject to acceptance and appointment procedures."],"companies":[{"name":"Glass House Brands","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000akt/glass-house-brands","website":"https://www.glasshousebrands.com"},{"name":"MGO (Macias Gini & O'Connell LLP)","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0006u98/mgo-macias-gini-o-connell-llp","website":"http://mgocpa.com"},{"name":"BDO USA, LLP","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000apgr/bdo-usa-llp","website":"http://www.bdo.com"}],"source":{"publisher":"TradingView","title":"Glass House Brands Inc. (GLAS.A.U) Reappoints MGO After BDO Resigns","url":"https://www.tradingview.com/news/tradingview:f214aea29ec7a:0-glass-house-brands-inc-glas-a-u-reappoints-mgo-after-bdo-resigns/"},"other_sources":[],"tags":["Leadership","Glass House Brands","MGO (Macias Gini & O'Connell LLP)","BDO USA, LLP"],"body_markdown":"Glass House Brands Inc. reappointed MGO as its auditor effective November 6, 2026, after [BDO](https://akta.pro/company-profiles/000apgr/bdo-usa-llp) resigned, according to [TradingView](https://www.tradingview.com/news/tradingview:f214aea29ec7a:0-glass-house-brands-inc-glas-a-u-reappoints-mgo-after-bdo-resigns/). BDO said its incomplete review of the deconsolidation accounting was an unresolved issue, and the company disagrees.\n\n## Why BDO Left and MGO Returned\n\nBDO resigned before issuing an auditor's report on [Glass House Brands](https://akta.pro/company-profiles/0000akt/glass-house-brands) financial statements during its tenure. BDO said it had not concluded its evaluation of the deconsolidation accounting, leaving a reporting issue for the incoming auditor. Glass House Brands disagrees with BDO's characterization of the matter.\n\n[MGO](https://akta.pro/company-profiles/0006u98/mgo-macias-gini-o-connell-llp) is expected to complete its review of the company's third-quarter results by November 16, 2026, subject to acceptance, appointment and completion of review procedures. The reappointment restores auditor continuity, though the filing timetable depends on MGO finishing that review.\n\n## Glass House Brands' Deconsolidation Records\n\nGlass House Brands filed an NYSE uplisting application in June 2026 following federal cannabis rescheduling to Schedule III, according to akta.pro [company records](https://akta.pro/company-data). The filing was accompanied by a deconsolidation transaction that transferred adult-use retail assets to Glass House Retail, LLC, a 90% subsidiary, to meet NYSE requirements. The same records show the company completed a deconsolidation transaction segregating its dual-use cannabis business from its medical cannabis business, with subsidiary GHB Usub, LLC holding non-voting units in the separated entity Glass House Retail, LLC.\n\n## Board Resignation and Preliminary Results\n\nOn October 19, 2026, Glass House Brands reported preliminary unaudited third-quarter results, including a record harvest and a 37% cost cut from $175 to $110, and announced the resignation of director John Nichols Jr. from its board of directors, Financial Post reported. The company also highlighted GACP certification as a step toward exporting from California.\n\nIn August 2026, Glass House Brands reported a net loss of $6.7 million for the second quarter of 2026, contrasting with net income of $8.7 million in the same period a year earlier, Financial Post reported. The company reported record production of 246,000 pounds of biomass in the quarter, according to Yahoo.\n\n## MGO's November 16 Review Deadline\n\nMGO's third-quarter review is expected by November 16, 2026, subject to acceptance and appointment procedures and completion of review work. Glass House Brands' own [announcement](https://www.glasshousebrands.com) covers the auditor change.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}