Welcome to our dedicated page for Green Thum SEC filings (Ticker: GTBIF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings and related disclosures for Green Thumb Industries Inc. (GTBIF), a national cannabis consumer packaged goods company and retailer headquartered in Chicago, Illinois. Through these documents, investors can review how the company reports its financial results, risk factors and material events.
Green Thumb’s filings and associated reports include items such as annual reports on Form 10-K and other documents that discuss its operations across 14 U.S. markets, its 20 manufacturing facilities and its RISE Dispensaries retail chain. These materials also describe the company’s brand portfolio, which includes RYTHM, Dogwalkers, incredibles, Beboe, &Shine, Doctor Solomon’s and Good Green, along with any relevant licensing or intellectual property arrangements disclosed in current reports.
Current reports on Form 8-K, such as the filing dated November 5, 2025, may incorporate or reference press releases announcing quarterly financial results. These filings can provide additional context on revenue, segment performance, cash flow, share repurchase activity and other corporate developments. They also include extensive cautionary language outlining regulatory, operational, financial and competitive risks associated with operating in the cannabis industry.
On Stock Titan, Green Thumb’s SEC filings are updated in near real time as they are made available through EDGAR. AI-powered summaries help explain the key points of lengthy documents, making it easier to understand complex topics such as risk factor disclosures, capital structure, debt arrangements and significant transactions. Users can quickly identify material events, review historical filings and track how the company’s disclosures evolve over time.
Green Thumb Industries Inc. director Dawn Wilson Barnes reported receiving a grant of 6,648 Subordinate Voting Shares on March 1, 2026. The award was recorded at a price of $0.00 per share, indicating it was a compensatory grant rather than an open-market purchase.
Following this equity award, Barnes’ directly held Subordinate Voting Shares increased to 65,871 shares. This filing documents an addition to her ownership position through a director grant/award acquisition.
Green Thumb Industries Inc. Chairman and CEO Benjamin Kovler reported a tax-related share disposition on March 1, 2026. A total of 1,782 Subordinate Voting Shares were disposed of at $6.58 per share to satisfy a payment of exercise price or tax liability, rather than as an open-market sale.
Following this transaction, Kovler directly held 682,029 Subordinate Voting Shares. He also reported indirect ownership of Subordinate Voting Shares through Outsiders Capital LLC and KP Capital, LLC, and direct and indirect holdings of Super Voting Shares, including interests held by Outsiders Capital LLC and the BK 2021 Descendant Trust.
Green Thumb Industries Inc. chief financial officer Mathew Faulkner recorded a tax-withholding disposition of 4,344 Subordinate Voting Shares on March 1, 2026 at $6.58 per share to satisfy tax obligations. After this, he directly owned 420,589 Subordinate Voting Shares and 1,814 Multiple Voting Shares.
Green Thumb Industries Inc. general counsel and secretary Bret Kravitz reported a disposal of Subordinate Voting Shares mainly to cover taxes. On March 1, 2026, he transferred 1,169 Subordinate Voting Shares at a price of 6.58 per share in a tax-withholding disposition. After this, he directly held 443,754 Subordinate Voting Shares and 302 Multiple Voting Shares.
RYTHM, Inc. reported that RSLGH, LLC, an entity indirectly wholly owned by Green Thumb Industries Inc., acquired 57,377 Pre-Funded Warrants as payment of interest on a May 25, 2025 convertible note. These warrants carry a 49.99% beneficial ownership cap and their exercise is subject to stockholder approval under applicable Nasdaq listing rules, to the extent required. After this interest payment, RSLGH holds a total of 68,750 Pre-Funded Warrants in RYTHM, Inc.
Green Thumb Industries Inc. filed its annual report detailing a multistate U.S. cannabis business focused on branded consumer packaged goods and retail stores. The company operates in fourteen states, runs 113 retail locations under RISE and other banners, and employs about 5,000 people.
Retail contributed 71% of revenue in 2025, with 29% from its consumer packaged goods segment. Green Thumb expanded liquidity through a $150,000 thousand syndicated credit facility in 2024, later amended to $200,000 thousand, and a $23,500 thousand mortgage on a New York facility.
The filing emphasizes extensive regulatory risk, including ongoing U.S. federal illegality of cannabis, evolving state regimes, competition from hemp-derived THC products, and potential impacts from federal rescheduling and banking reforms.
Green Thumb Industries reported record fourth-quarter 2025 revenue of $311.1 million, up 5.7% year over year, and full-year revenue of $1.2 billion, up 3.4%. Fourth-quarter GAAP net income rose to $83.2 million, or $0.36 per basic share, helped by favorable fair value adjustments on related party warrants.
For 2025, GAAP net income was $114.2 million, or $0.49 per basic share, while normalized EBITDA reached $348.4 million, or 29.6% of revenue. Gross margins compressed as full-year gross profit margin declined to 48.9% from 52.9% in 2024, reflecting price pressure and competition.
The company ended 2025 with $274.3 million in cash and $244.9 million of total debt, including $142.5 million of senior debt, and subsequently increased its credit facility by $50 million. It repurchased approximately 7.7 million Subordinate Voting Shares for $38.9 million during 2025 and 15.5 million shares for $121.8 million since September 2023. Management expects first-quarter 2026 revenue to decline sequentially by a mid-single-digit percentage due to pricing pressure and seasonality.
Green Thumb Industries Inc. announced that its subsidiary GTI23, Inc. entered into Amendment No. 1 to its existing credit agreement with Valley National Bank and other lenders. Under this amendment, the subsidiary incurred an additional $50 million of term loans that rank equally with its existing term loans and share the same terms, except as otherwise specified in the credit agreement.
The company plans to use the net proceeds to cover costs and fees related to the amendment and to fund potential strategic investments and working capital needs. A copy of the amendment is filed as an exhibit, and the company also issued a press release describing the financing update.
Green Thumb Industries Inc. insider Benjamin Kovler, the company’s chairman, CEO, director, and 10% owner, reported a Form 4 transaction dated February 1, 2026. He disposed of 8,710 Subordinate Voting Shares at $6.66 per share under transaction code “F,” leaving 683,811 Subordinate Voting Shares held directly.
He also reports indirect ownership of 158,130 Subordinate Voting Shares and 80,642 Super Voting Shares through Outsiders Capital LLC, 66 Subordinate Voting Shares through KP Capital, LLC, and 5,000 Super Voting Shares through BK 2021 Descendant Trust, plus 55,112 Super Voting Shares held directly.
Green Thumb Industries Inc. insider Anthony Georgiadis, the company’s president and a director, reported a disposition of non-derivative shares. On 02/01/2026, he disposed of 16,332 Subordinate Voting Shares in a transaction coded “F” at a price of $6.66 per share.
After this transaction, Georgiadis directly owned 744,244 Subordinate Voting Shares. He also reported indirect ownership of 18,364 Subordinate Voting Shares through ABG LLC and 1,728 Subordinate Voting Shares through Three One Four Holdings LLC. In addition, he held 35,182 Super Voting Shares directly, plus 1,589 and 1,333 Super Voting Shares indirectly through ABG LLC and Three One Four Holdings LLC, respectively.