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Green Thumb Industries Inc. - $GTBIF STOCK NEWS

Welcome to our dedicated page for Green Thumb Industries news (Ticker: $GTBIF), a resource for investors and traders seeking the latest updates and insights on Green Thumb Industries stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Green Thumb Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Green Thumb Industries Inc. (GTII) reports 9% increase in revenue to $275 million for Q3 2023. GAAP net income was $11 million. Adjusted EBITDA was $83 million. Cash flow from operations was $61 million. Cash at quarter end totaled $137 million. Share repurchases of $25 million during the quarter. Adult-use cannabis sales commenced at four RISE Dispensaries in Maryland. Total revenue for Q3 2023 was $275.4 million, up 5.4% from the prior year period. Gross profit for Q3 2023 was $133.8 million. Total debt outstanding was $298.5 million.
Rhea-AI Impact
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-2.42%
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RISE Dispensaries, owned by Green Thumb Industries Inc., is opening its 11th retail location in Florida and 87th nationwide in Clearwater on November 10. The grand opening celebration and ribbon-cutting ceremony will be held on November 17, with profits from the day being donated to Minorities for Medical Marijuana. The company is committed to expanding access to well-being through cannabis and making a positive impact on the communities it serves.
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Incredibles, a cannabis edibles brand, has partnered with Magnolia Bakery to create limited-edition THC-infused chocolate bars. The collaboration features two flavors inspired by Magnolia Bakery's iconic desserts: banana pudding and red velvet cupcakes. The chocolate bars are available at RISE Dispensaries in Illinois, Nevada, and Massachusetts, with wider availability to follow. Each bar contains 100mg of THC, and the red velvet flavor also includes 100mg of CBD.
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-1.2%
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A coalition of U.S. cannabis operators and investors has filed a lawsuit against U.S. Attorney General Merrick Garland, seeking to prevent the federal government from enforcing the Controlled Substances Act on state-regulated cannabis businesses. The lawsuit aims to confirm the rights of states to regulate cannabis and limit the federal government's power to interfere. The lawsuit argues that the federal criminalization of intrastate cannabis is unconstitutional and unfair to small businesses.
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4.69%
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RISE Dispensaries, owned by Green Thumb Industries, is opening its tenth retail location in Florida. The grand opening celebration on November 14th will donate profits to Minorities for Medical Marijuana. Green Thumb is committed to expanding access to cannabis and making a positive impact on the communities it serves.
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-4.02%
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Green Thumb Industries' incredibles Brand Launches Pineapple Express Gummies on October 27th
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0.87%
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RISE Dispensaries announces the opening of its 9th retail location in Florida, with a grand opening event on October 26th. Profits from the day will be donated to the Florida Justice Center.
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-0.47%
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Green Thumb Industries Inc. will release Q3 2023 financial results on November 8, 2023.
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End-of-Day
-5.46%
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Green Thumb Industries Inc. announces the launch of its RYTHM Artist Series, a collection of strains chosen by artists in the music industry. The series will feature collaborations with Mitchell Tenpenny, State Champs, Marcus King, and Tinashe. The first strain, Night Owl Haze by Mitchell Tenpenny, will be available exclusively at RISE Dispensaries in Florida starting October 27. The partnership will expand to Illinois and Nevada. The RYTHM Artist Series aims to bring fans closer to their favorite artists by offering premium strains that align with their music tastes.
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0.36%
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Benjamin Kovler, CEO and Chairman of Green Thumb Industries, gifted shares to his former spouse as part of a marital settlement agreement.
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-0.18%
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Green Thumb Industries Inc.

OTC:GTBIF

GTBIF Rankings

GTBIF Stock Data

3.04B
185.52M
12.64%
9.79%
Bituminous Coal and Lignite Surface Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Chicago