Welcome to our dedicated page for Green Thum news (Ticker: GTBIF), a resource for investors and traders seeking the latest updates and insights on Green Thum stock.
Green Thumb Industries Inc. (GTBIF) generates frequent news as a national cannabis consumer packaged goods company and retailer with operations across 14 U.S. markets. Headquartered in Chicago, Illinois, the company reports on its financial performance, brand developments and expansion of its RISE Dispensaries retail chain.
News coverage commonly includes quarterly earnings releases prepared in accordance with U.S. GAAP, where Green Thumb discusses revenue trends, adjusted EBITDA, cash flow from operations and other financial metrics. These updates often highlight performance in its consumer packaged goods segment and retail segment, along with commentary on market conditions such as pricing dynamics in key states.
Readers can also expect announcements about new RISE Dispensaries openings in states like Pennsylvania, Florida, Ohio and Nevada, as well as updates on the launch of adult-use cannabis sales at existing locations in markets such as Minnesota. These articles typically describe how new stores expand access for medical patients and adult-use customers where permitted, and how grand opening events support local nonprofit organizations.
Additional news items cover corporate actions and strategic transactions, including share repurchase programs authorized by the board of directors and brand or intellectual property transactions with partners such as Agrify Corporation. Green Thumb also issues releases on its social impact initiatives through the “Growing For Good” program, documenting efforts in community engagement, restorative justice, inclusion and belonging, and environmental stewardship.
Investors and observers who follow GTBIF news can use this page to monitor earnings announcements, retail expansion, capital allocation decisions, licensing and brand developments, and updates on the company’s social and environmental programs.
Green Thumb Industries (OTCQX: GTBIF) has announced a new $50 million share repurchase program authorized by its board of directors. The program will allow the company to repurchase up to 10,364,640 subordinate voting shares over the next 12 months, starting September 23, 2025.
Under previous repurchase programs initiated in September 2023, Green Thumb has already repurchased approximately 13.5 million shares for $108 million. The company maintains flexibility in the program's execution, with no obligation to purchase shares, and does not plan to incur debt to fund the repurchases. All acquired shares will be returned to treasury and canceled.
Green Thumb Industries (OTCQX: GTBIF) announced the launch of adult-use cannabis sales at five RISE Dispensaries locations in Minnesota starting September 17, 2025. The rollout begins with stores in Brooklyn Park, Eagan, Mankato, New Hope, and Willmar, with additional locations in Baxter, St. Paul, and St. Cloud to follow.
The dispensaries will offer products from Green Thumb's portfolio, including RYTHM flower, Beboe gummies, Dogwalkers pre-rolls, Good Green pre-rolls, and &Shine vapes. First-day profits will be donated to Balanced Veterans Network and Metro Meals on Wheels. The company also announced a donation to the Annunciation Hope & Healing Fund to support those affected by a recent Minneapolis tragedy.
Green Thumb Industries (OTCQX: GTBIF) has announced multiple strategic transactions with Agrify Corporation (Nasdaq: AGFY). The company sold its brand portfolio, including RYTHM, Beboe, Dogwalkers, Doctor Solomon's, &Shine, and Good Green to Agrify for US$50 million in cash through its subsidiary VCP23, LLC.
Simultaneously, Green Thumb secured a license agreement to continue manufacturing and distributing these brands. Additionally, through its subsidiary RSLGH, LLC, the company extended a US$45 million secured convertible note to Agrify, maturing February 25, 2027, with a 10% annual interest rate. The note is convertible to Agrify common stock or Pre-Funded Warrants at $29.475 per share.
Notably, Green Thumb owns 35% of Agrify's outstanding shares, and Benjamin Kovler serves as Chairman and CEO of Green Thumb while also acting as Chairman and Interim CEO of Agrify.
Green Thumb Industries (OTCQX: GTBIF) reported its Q2 2025 financial results with revenue of $293.3 million, up 4.7% year-over-year. The company posted a GAAP net loss of $0.65 million ($0.01 per share), primarily due to a one-time loss of $11.7 million on asset sale. Excluding this charge, net income would have been $11.0 million.
Key metrics include Adjusted EBITDA of $82.7 million (28.2% of revenue), operating cash flow of $56 million, and quarter-end cash of $177 million. The company repurchased 5.6 million shares for $24 million at an average price of $4.28 per share. While experiencing pricing pressure, Green Thumb reported strong market share gains in Illinois, Pennsylvania, New Jersey, and Florida.
The company's Consumer Packaged Goods segment saw 8.4% growth, while retail revenue increased marginally by 0.3%. Comparable store sales decreased 4.1% on a base of 91 stores.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.