Green Thum Stock Price, News & Analysis

Green Thumb Industries (GTBIF) announces the opening of its 104th retail location nationwide and 22nd store in Florida with RISE Dispensary Ocala on April 29, 2025. Located at 3873 SW College Road, the new dispensary will offer medical cannabis products from brands including RYTHM, Dogwalkers, &Shine, Good Green, and Doctor Solomon's.

The company operates two production facilities in Florida, located in Ocala and Homestead, with the Ocala facility already providing nearly 100 local jobs. As part of their community engagement, RISE Dispensary Ocala will donate a portion of one day's profits to The Bridge 4 Veterans, an organization providing transitional housing for veterans.

Green Thumb entered Florida in 2018 and currently operates RISE Dispensaries across 21 other locations in the state, including major cities like Orlando, Tampa, and West Palm Beach, with delivery services available in surrounding areas.

Green Thumb Industries (GTBIF) has released its third annual Social Impact Report, highlighting achievements across its 'Growing For Good' program in 2024. The company, with over 4,800 employees, raised more than $1.6 million through retail initiatives for various social organizations.

Key accomplishments include:

• Helping 175+ individuals clear their records through expungement clinics
• Providing 525 commissary, 190 re-entry, and 50 family support grants via Last Prisoner Project
• Environmental achievements including 5.3 million kWh energy savings and 3,500 tons CO2e reduction
• Contributing 250+ volunteer hours and collecting over 12,500 items through donation drives

The program focuses on four pillars: Community Engagement, Inclusion & Belonging, Restorative Justice, and Environmental Stewardship, with initiatives ranging from voter registration to employee resource groups.

Green Thumb Industries (GTBIF) announced the opening of its new RISE Dispensary Henderson on Boulder in Nevada on March 4, 2025. This marks the company's 2nd RISE location in Henderson, 12th in Nevada, and 102nd nationwide.

Located at 1000 S Boulder Hwy near the Downtown Henderson Water Street District, the dispensary will operate daily from 8 a.m. to 11 p.m., offering products from Green Thumb's brand portfolio including RYTHM, Dogwalkers, incredibles, Beboe, Good Green, &Shine, and Doctor Solomon's.

A grand opening celebration is scheduled for March 8, featuring special offers including swag bags for the first 100 customers and penny deals on RYTHM Bubba Fett eighths with qualifying purchases. Profits from the grand opening will benefit the Veterans Action Foundation (VAF), supporting veterans and their families.

Green Thumb Industries (GTBIF) reported strong financial results for Q4 and full year 2024. Fourth quarter revenue reached $294 million, up 5.8% year-over-year, while full-year revenue grew 7.8% to $1.1 billion.

Q4 highlights include GAAP net income of $13 million ($0.05 per basic share), Adjusted EBITDA of $98 million (33% of revenue), and cash position of $172 million. The company opened three new RISE Dispensaries in Florida, Minnesota, and Nevada.

Full-year 2024 achievements include: $73 million GAAP net income ($0.31 per basic share), $371 million Adjusted EBITDA (33% of revenue), and $195 million cash flow from operations. The company expanded its retail presence to 101 locations nationwide and repurchased 3.9 million shares for $43 million.

A recent Harris Poll survey commissioned by cannabis company Green Thumb Industries reveals significant trends in sleep aid preferences among American adults. The study found that 79% of adults aged 21+ experience sleep issues, with 16% turning to cannabis as a solution, surpassing both prescription sleep aids (12%) and alcohol (11%).

The survey highlighted that 42% of adults consume cannabis-infused edibles, with 52% of these users specifically using them for sleep. Notable findings show that parents with children under 18 are more likely to use cannabis for sleep (21%) compared to non-parents (13%). Financial worries (32%) and family concerns particularly affect women (32%) versus men (23%).

In response to these findings, Green Thumb's incredibles brand offers their Snoozzzeberry product line, including gummies and chocolate bars with various THC, CBN, and CBG combinations, designed specifically for sleep improvement. The survey, conducted from June 6-10, 2024, among 2,019 adults, has a margin of error of +/- 2.5 percentage points.

Green Thumb Industries (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company, has announced a two-year partnership with The Salt Shed, a renowned music venue in Chicago. Effective January 1, 2025, this partnership introduces RISE at Salt Shed, an on-site retail store offering hemp-derived THC Delta 9 (HD9) products from Green Thumb brands like incredibles and Beboe, as well as branded merchandise and accessories. The store will be situated in the Fairgrounds, an outdoor space near The Salt Shed.

The collaboration will also feature immersive experiences from GTI’s best-selling flower brand, RYTHM Premium Cannabis, enhancing the connection between cannabis and music. Concertgoers can expect RYTHM-branded photo opportunities and unique design elements throughout the venue.

Products available at RISE at Salt Shed are Farm Bill compliant, manufactured in certified cGMP facilities, and come with transparent labeling. Customers can visit www.risecannabis.com for more information on Green Thumb’s state-regulated marijuana products.

Ben Kovler, Green Thumb’s Founder, Chairman, and CEO, emphasized the synergy between cannabis and music, while Victor David Giron, CFO of 16” on Center, highlighted the collaboration's potential to enhance the live event experience. This partnership aims to break the stigma around cannabis and elevate the concertgoing experience.

Green Thumb Industries announced receiving approximately $23 million in principal repayment plus 13% accrued interest from Cansortium Inc., following their recent financing. This payment adds to Green Thumb's Q3 ending cash balance of $174 million. The repayment represents a full return of the original loan investment, which the company characterized as an example of their opportunistic capital allocation strategy combining upside potential with downside protection.

Green Thumb Industries (GTBIF) marks a significant milestone with the opening of its 100th and 101st RISE Dispensaries on November 23. The new locations are RISE Carson City on US HWY 50 in Nevada (the company's 11th store in the state) and RISE Brooklyn Park in Minnesota (8th location in the state). RISE Carson City will operate daily from 8 a.m. to 10 p.m., offering products including RYTHM, Dogwalkers, and incredibles brands. RISE Brooklyn Park will operate Monday-Saturday 9 a.m.-7 p.m. and Sunday 10 a.m.-4 p.m. Grand opening profits will benefit local charities: The Boys & Girls Clubs of Western Nevada and Metro Meals on Wheels respectively.

Green Thumb Industries reported strong Q3 2024 financial results with revenue of $287 million, up 4.2% year-over-year. The company achieved $89 million in Adjusted EBITDA (31% of revenue) and GAAP net income of $9 million ($0.04 per share). Notable achievements include securing a $150 million 5-year credit facility, retiring $225 million in senior secured debt, and opening four new RISE Dispensaries. Cash flow from operations reached $152 million for the first nine months, with $174 million cash on hand at quarter end. The company also authorized a $50 million share repurchase program.