Green Thum Stock Price, News & Analysis

Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) has announced an exclusive partnership with Cann to manufacture and distribute cannabis-infused sparkling beverages, starting in Illinois this spring. Green Thumb aims to tap into the growing cannabis beverage market, which has seen significant growth, with Cann becoming California's #1 cannabis beverage brand, achieving over 600% growth in sales in 2020. Cann’s beverages are marketed as a healthier alternative to alcohol, being low in sugar and calories, and made with all-natural ingredients.

Green Thumb Industries (GTBIF) announced its participation in the Needham 2nd Annual Virtual Cannabis Conference on March 3, 2021, where management will engage in one-on-one meetings. As a national cannabis consumer packaged goods company, Green Thumb operates Rise™ retail stores and has a diverse portfolio of branded products. The company boasts 13 manufacturing facilities and licenses for 97 retail locations across 12 U.S. markets, employing over 2,300 people. Green Thumb has been recognized as a Best Workplace by Crain’s Chicago Business and MG Retailer magazine in 2018 and 2019.

Green Thumb Industries announced it raised approximately $56 million through the sale of 1.6 million subordinate voting shares at US$35.50 per share, following a $100 million sale earlier this month. The offering, declared effective by the SEC, aims to enhance the company's capitalization and financial flexibility. CEO Ben Kovler highlighted the strong investor demand as a sign of growing confidence in the U.S. cannabis market. The sale will close on February 23, 2021, and further details can be accessed through the SEC website.

Green Thumb Industries (GTBIF) announces the effectiveness of its Form S-1 registration to sell up to 10 million subordinate voting shares, declared by the SEC on February 8, 2021. On February 9, 2021, the company accepted an offer from an institutional investor to purchase approximately 3.1 million shares at $32.03 each, totaling $100 million. This sale aims to enhance Green Thumb's capitalization and financial flexibility, amidst growing interest in the U.S. cannabis market, which represents a significant economic opportunity.

Green Thumb Industries (GTBIF) announces the opening of Rise Erie Peach in Pennsylvania, its 52nd retail location, on February 3, 2021. The store, which is the company's largest at 16,000 square feet, will donate its first-day profits to Community Shelter Services. Green Thumb emphasizes its deep community ties in Erie, where it first entered the state market in 2017. The new dispensary offers online reservations for medical cannabis cardholders and operates daily with specific hours. This expansion reflects Green Thumb's ongoing commitment to accessible cannabis and community support.

Green Thumb Industries (GTBIF) will hold a conference call on November 11, 2020, at 5:00 pm ET to discuss its Q3 2020 financial results after market close. Investors can access the call by dialing 833-502-0470 (Toll-Free) or 236-714-2182 (International) with conference ID: 5079863. A live audio webcast will be available on the Investor Relations section of its website. Green Thumb, a national cannabis consumer packaged goods company, operates 13 manufacturing facilities and holds licenses for 96 retail locations across 12 U.S. markets.

Green Thumb Industries (GTBIF) announced the rebranding of 3C Compassionate Care Center to Rise Naperville as it prepares for the launch of adult-use cannabis sales on October 8. The store will continue serving medical patients and will be the first cannabis store in Naperville to offer adult-use sales. Profits from the first day will support local nonprofit Loaves & Fishes, aiding hunger relief. The expansion created 20 new jobs and additional construction jobs. The Naperville referendum allowing adult-use sales passed in March 2020, reflecting community support for cannabis sales.

Green Thumb Industries (GTBIF) has amended a sale leaseback agreement with Innovative Industrial Properties, Inc. (IIP), securing an additional $25 million for a cannabis cultivation facility in Toledo, Ohio. This brings IIP's total investment in the property to $32.2 million. Green Thumb operates five Rise™ stores in Ohio and anticipates growth in the state's medical cannabis market, which has seen over $175 million in sales since 2019. The collaboration strengthens Green Thumb's presence in Ohio, aiming to serve the increasing customer demand for medical cannabis.

Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) announced its participation in the Jefferies Virtual Cannabis Summit scheduled for October 7, 2020. CEO Ben Kovler will join a panel discussion on U.S. legalization and its implications for institutional investment. Green Thumb, a leading cannabis consumer packaged goods company, operates Rise™ and Essence retail stores while employing over 1,900 individuals across 12 U.S. markets. The company is known for its community-focused initiatives and has 13 manufacturing facilities and licenses for 96 retail locations.