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 (GTBIF) is a vertically integrated leader in the U.S. market, producing premium consumer packaged goods and operating RISE Dispensaries nationwide. This page provides direct access to official company announcements, financial disclosures, and operational developments.
Investors and industry professionals will find curated updates including quarterly earnings, product innovations, regulatory milestones, and retail expansion initiatives. All content is sourced from verified corporate communications to ensure accuracy.
Key focus areas include cultivation advancements, manufacturing compliance updates, and consumer trends shaping the cannabis sector. Bookmark this page to monitor GTBIF's strategic positioning within evolving state markets and federal regulatory frameworks.
Green Thumb Industries, a prominent national cannabis consumer packaged goods company and owner of RISE Dispensaries, responded to media speculation about a potential transaction involving the company. The announcement was made on June 4, 2024, from Chicago and Vancouver. Green Thumb stated that it maintains a policy of not commenting on market rumors. The company trades under the ticker GTBIF on the OTCQX market.
Green Thumb Industries has announced the return of 'The Miracle in Mundelein,' a two-day cannabis and music festival scheduled for September 7-8, 2024. This event, presented by RYTHM Premium Cannabis and RISE Dispensaries, will feature artists like Wiz Khalifa, Slightly Stoopid, and Rebelution. It is the second annual festival in Illinois to allow legal on-site cannabis consumption. Tickets go on presale from May 30, 2024, with general sales starting on May 31, 2024. Attendees must be 21 or older and can purchase cannabis on-site.
Green Thumb Industries Inc. reported first-quarter 2024 financial results with revenue of $276 million, a 11% increase from the prior year. The company had a cash balance of $224 million, GAAP net income of $31 million, and adjusted EBITDA of $91 million. Green Thumb's gross profit increased to $144.9 million, and total revenue grew by 11% primarily driven by retail and consumer packaged goods sales. The company repurchased 1,067,000 shares for $13.6 million during the quarter. Overall, Green Thumb showed strong financial performance and positive growth momentum.
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