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Green Thumb Industries Inc. (GTI) is a national cannabis consumer packaged goods company and retailer headquartered in Chicago, Illinois. GTI promotes well-being through the power of cannabis while giving back to the communities it serves. The company manufactures and distributes a portfolio of branded cannabis products including &Shine, Beboe, Dogwalkers, Doctor Solomon’s, Good Green, incredibles, and RYTHM. GTI also owns and operates rapidly growing national retail cannabis stores called RISE Dispensaries. With 20 manufacturing facilities, 93 open retail locations, and operations across 14 U.S. markets, GTI employs approximately 4,500 people and serves millions of patients and customers each year.
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Green Thumb Industries Inc. reported strong financial results for Q4 and full year 2023. Q4 revenue was $278 million, with cash at $162 million. Full year revenue was $1.1 billion, with cash flow from operations at $225 million. Adjusted EBITDA for Q4 was $91 million, and for the year was $326 million. The company's Board authorized a $50 million share repurchase program increase.
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Green Thumb Industries Inc. released its 2023 Social Impact Report, showcasing the progress of its 'Growing for Good' program across four key pillars: Community Engagement, Inclusion & Belonging, Restorative Justice, and Environmental Stewardship. The report highlights the company's commitment to promoting well-being through cannabis and giving back to the communities it serves. In 2023, Green Thumb's team of 4,600 individuals supported their communities by promoting inclusivity, advocating for social justice, and delivering positive change. The report includes highlights such as community contributions of over $800,000, unconscious bias training sessions, advocacy for cannabis policy reform, and environmental conservation efforts.
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Green Thumb Industries Inc. will release its fourth quarter and full year 2023 financial results on February 28, 2024. A conference call and webcast will be held to discuss the results and answer questions.
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Green Thumb Industries Inc. (GTII) announces the opening of RISE Dispensary Port Orange, the 14th location in Florida and 90th nationwide. The store will host a patient appreciation event with profits going toward M4MM. The Company operates two production facilities in Ocala and Homestead, ensuring high-quality products. RISE Dispensaries in Florida offer various products from Green Thumb's award-winning family of brands.
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Green Thumb Industries Inc. (GTII) announces the retirement of Richard Drexler from its Board of Directors, with Richard Reisin taking over as Chair of the Audit Committee. Drexler will continue to support the Board in a short-term consultant role. The company expresses gratitude for Drexler's contributions and wishes him well in his retirement.
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RISE Dispensaries, owned by Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), is opening two new locations in Florida, bringing the total retail footprint to 13 in the state and 89 nationwide. The grand opening celebrations will benefit Tu Canna Foundation and The Bridge 4 Veterans, reflecting the company's commitment to community support and wellness advocacy.
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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.
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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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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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FAQ
Where is Green Thumb Industries Inc. headquartered?
Green Thumb Industries Inc. is headquartered in Chicago, Illinois.
What are some of the branded cannabis products offered by Green Thumb Industries Inc.?
Green Thumb Industries Inc. offers branded cannabis products including &Shine, Beboe, Dogwalkers, Doctor Solomon’s, Good Green, incredibles, and RYTHM.
How many manufacturing facilities does Green Thumb Industries Inc. have?
Green Thumb Industries Inc. has 20 manufacturing facilities across the United States.
How many retail locations does Green Thumb Industries Inc. have?
Green Thumb Industries Inc. has 93 open retail locations in 14 U.S. markets.
What is the primary focus of Green Thumb Industries Inc.?
Green Thumb Industries Inc. focuses on promoting well-being through the power of cannabis while giving back to the communities it serves.
Green Thumb Industries Inc.
OTC:GTBIF
GTBIF Rankings
GTBIF Stock Data
2.85B
188.39M
12.59%
9.81%
Bituminous Coal and Lignite Surface Mining
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Chicago