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Green Thumb Industries Inc. reported first-quarter 2024 financial results with revenue of $276 million, a 11% increase from the prior year. The company had a cash balance of $224 million, GAAP net income of $31 million, and adjusted EBITDA of $91 million. Green Thumb's gross profit increased to $144.9 million, and total revenue grew by 11% primarily driven by retail and consumer packaged goods sales. The company repurchased 1,067,000 shares for $13.6 million during the quarter. Overall, Green Thumb showed strong financial performance and positive growth momentum.
