Green Thumb Industries Announces $50 Million Share Repurchase Program
Green Thumb authorizes up to $50 million more in buybacks over the next year without expecting to take on debt.
Rhea-AI Summary
Green Thumb Industries (GTBIF) extended its share repurchase program for 12 months, authorizing up to $50 million of subordinate voting share buybacks. The new normal course issuer bid runs from September 23, 2026 to September 22, 2027, with purchases permitted on the Canadian Securities Exchange, OTCQX Best Market, or alternative trading systems, subject to U.S. and Canadian securities rules.
Since programs began on September 5, 2023, Green Thumb has repurchased about 29.5 million shares for $203.4 million, including more than $80 million in 2026. The company does not expect to incur debt to fund the plan and is not obligated to buy any shares; management may suspend or terminate purchases at its discretion. All repurchased shares will be canceled.
Positive
- New authorization for up to $50 million in share repurchases over 12 months
- Past buybacks of approximately 29.5 million shares for $203.4 million since September 2023
- More than $80 million in share repurchases completed in 2026
- No debt expected to fund the renewed repurchase program
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHICAGO and VANCOUVER, British Columbia, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today announced that its board of directors authorized the continuation of the Company’s share repurchase program for an additional 12 months, with up to
The repurchase program authorizes, pursuant to a normal course issuer bid, the repurchase of its subordinate voting shares (“Shares”) from time to time over the next 12 months. Under the Company’s previous repurchase programs that began on September 5, 2023, Green Thumb repurchased the equivalent of approximately 29.5 million shares for
"Since launching our first repurchase program in 2023, we have returned more than
The latest repurchase program will commence on September 23, 2026, and expire on September. 22, 2027. Green Thumb is not obligated to purchase any Shares. If management determines it has a better use for its cash reserves, it is under no obligation to continue to purchase Shares and Share purchases may be suspended or terminated at any time at Green Thumb’s discretion. Shares may be purchased on the Canadian Securities Exchange, the OTCQX Best Market, or alternative trading systems and will be subject to the limitations and rules imposed by U.S. and Canadian securities regulations.
The Company does not expect to incur debt to fund the share repurchase program. The actual number of Shares purchased, timing of purchases and Share price will depend upon market conditions at the time and securities law requirements. All Shares acquired will be returned to the treasury and canceled.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect,” or similar expressions and include information regarding the potential repurchase of outstanding shares and use of funds. The forward-looking information in this news release is based upon the expectations of future events which management believes to be reasonable. Any forward-looking information speaks only as of the date on which it is made, and, except as required by law, Green Thumb does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information in this news release is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied. When considering these forward-looking statements, readers should keep in mind the risk factors and other cautionary statements in Green Thumb’s public filings with the applicable securities regulatory authorities, including with the U.S. Securities and Exchange Commission on its website at www.sec.gov and with Canada’s SEDAR+ at www.sedarplus.ca, as well as on Green Thumb’s website at https://investors.gtigrows.com, including in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
About Green Thumb Industries
Green Thumb Industries Inc. (“Green Thumb”) is a leading national cannabis consumer packaged goods company and retailer headquartered in Chicago, Illinois. The company manufactures and distributes a portfolio of licensed, branded cannabis products, including RYTHM, Dogwalkers, incredibles, Beboe, &Shine, Doctor Solomon’s and Good Green. Green Thumb also owns and operates RISE Dispensaries, a rapidly growing national retail chain. Green Thumb serves millions of patients and customers each year with a mission to promote well-being through the power of cannabis while giving back to the communities it serves. Established in 2014, Green Thumb has manufacturing facilities and retail stores across 14 U.S. markets, employing approximately 5,000 people. More information is available at www.gtigrows.com.
Investor Contact:
Andy Grossman
EVP, Capital Markets & Investor Relations
InvestorRelations@gtigrows.com
888-406-1143
Media Contact:
GTI Communications
media@gtigrows.com
This press release was published by a CLEAR® Verified individual.
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