Green Thum Stock Price, News & Analysis

Green Thumb Industries (GTBIF) plans to open two new retail locations in Virginia: Rise Lynchburg on February 8 and Rise Christiansburg on February 10. On their opening days, profits will be donated to local organizations, notably the Shawn Moss Wellness and Growth Foundation and the Montgomery County Emergency Assistance Program. This expansion marks Green Thumb's 75th store nationwide, enhancing its retail presence in Virginia. The new stores will offer 'Roll-Thru' services for medical cannabis patients, highlighting the company's commitment to community impact and accessibility.

Green Thumb Industries (GTBIF) announced a conference call for March 1, 2022, at 8:00 a.m. ET to discuss its fourth quarter and full year 2021 financial results. The call can be accessed via phone or a live audio webcast available on their Investor Relations website. Green Thumb, a leading cannabis consumer packaged goods company, boasts 17 manufacturing facilities and 73 retail locations across 15 U.S. markets, employing approximately 3,800 people. The company focuses on wellness through cannabis and has received recognition for its workplace culture.

Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), a leading cannabis consumer packaged goods company, announced participation in two upcoming conferences in January 2022. CEO Ben Kovler will present at the ICR Virtual Conference on January 10-11, and management will engage in one-on-one meetings at the 24th Annual Needham Virtual Growth Conference on January 14. Green Thumb operates 73 retail locations and 17 manufacturing facilities across 15 U.S. markets, employing around 3,600 people and serving millions of customers annually.

Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) has completed the acquisition of LeafLine Industries, securing one of only two vertical licenses in Minnesota.

This strategic move enhances production capabilities and distribution across 15 states, with a total of 73 retail locations nationwide. The acquisition includes a functioning cultivation facility and five retail locations, with plans to open three additional sites in Minnesota in the future.

Green Thumb aims to offer a wider range of cannabis products to Minnesota's roughly 29,000 registered patients, thereby broadening access to medical cannabis.

Green Thumb Industries (GTBIF) announced the opening of GreenStar Herbals Chelsea in Massachusetts on December 15, 2021, which will be rebranded to Rise in 2022. The company's first-day sales profits will benefit La Colaborativa, aiding Latinx immigrants. Since entering the Massachusetts market in 2018, GTI has expanded to six stores. The new location aims to enhance consumer access in Greater Boston. GTI produces branded products locally, including RYTHM and Dogwalkers, and aims to address the impacts of the War on Drugs through its Good Green initiative.

Green Thumb Industries (GTBIF) has announced the opening of its 67th store, Rise Reno, enhancing its retail presence in Nevada. The store's first-day sales profits will be donated to Helping our Brothers and Sisters (HOBS), supporting veterans, particularly those with PTSD and LGBTQ veterans facing discrimination. CEO Ben Kovler expressed pride in this initiative, emphasizing community support for veterans. Green Thumb's retail network includes multiple Rise locations in Nevada and a partnership with COOKIES for further expansion.

Green Thumb Industries reported strong financial results for Q3 2021, with revenue of $233.7 million, reflecting a 48.7% year-over-year increase. The company achieved its fifth consecutive quarter of positive GAAP net income at $20.2 million, or $0.08 per diluted share. Adjusted Operating EBITDA rose to $81.2 million, a 52.6% annual growth. Green Thumb expanded its cannabis operations in Virginia and Rhode Island, enhancing its market presence. Cash on hand reached $285.8 million, contributing to robust cash flow and supporting future growth initiatives.

Green Thumb Industries (GTBIF), a leading cannabis consumer goods company, announced participation in the Cowen Annual Virtual Cannabis Conference on November 29, 2021. CEO Ben Kovler will join a panel and engage in one-on-one meetings. The company, established in 2014, operates 16 manufacturing facilities and 65 retail locations across 14 U.S. markets. Green Thumb employs over 3,400 individuals and serves millions of customers annually. Recognized for its rapid growth, the company was named to Crain’s Fast 50 list in 2021.

Green Thumb Industries (GTI) announced the launch of its Good Green Grant Program, selecting three nonprofits from over 80 applicants to receive $75,000 each for their missions in education, employment, and expungement. The grant recipients include Philadelphia Lawyers for Social Equity, Innovation Works Baltimore, and Why Not Prosper. Additionally, the second round of grant applications for 501(c)3 organizations is open until January 12, 2022. Good Green flower products, aimed at communities affected by the War on Drugs, are now available in multiple states, including Illinois and Pennsylvania.