Welcome to our dedicated page for GREEN THUMB INDUS SUB VTG news (Ticker: GTBIF), a resource for investors and traders seeking the latest updates and insights on GREEN THUMB INDUS SUB VTG stock.
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.
Green Thumb Industries (GTBIF) announced a $200,000 donation to Olive-Harvey College's cannabis education program to enhance workforce diversity. The donation supports training, scholarships, and industry access for Black and Brown students, fulfilling requirements for Illinois' adult-use cultivation license. Director of Social Impact, Jai Kensey, emphasized the company's commitment to reducing barriers in the cannabis sector as part of their Growing for Good initiative. Olive-Harvey College is the only accredited institution in Chicago for cannabis training, which Green Thumb aims to strengthen through this partnership.
Green Thumb Industries (CSE: GTII) (OTCQX: GTBIF) announced the resignation of board member Wes Moore, who served since 2018. CEO Ben Kovler expressed gratitude for Moore's contributions, highlighting his diverse experience and commitment to equity in the cannabis industry. The current board includes experts from various fields, ensuring a breadth of leadership. Established in 2014, Green Thumb operates in 15 U.S. markets with 76 retail locations and 17 manufacturing facilities, employing approximately 3,800 staff and promoting well-being through cannabis.
Green Thumb Industries reported solid financial results for Q4 2021, achieving a 37.4% year-over-year revenue increase to $243.6 million. For the full year, revenue rose 60.5% to $893.6 million. The company posted a net income of $22.8 million for Q4 and $75.4 million for the year, marking significant growth from 2020. Adjusted Operating EBITDA was $76.0 million, representing 31.2% of revenue. The company also expanded into Minnesota via the acquisition of LeafLine Industries and opened new retail locations, contributing to ongoing cash flow and operational success.
Green Thumb Industries (CSE: GTII) (OTCQX: GTBIF) has announced the appointment of Dorri C. McWhorter to its board of directors, effective February 8, 2022. McWhorter, who is the CEO of YMCA of Metropolitan Chicago, brings extensive experience in social change and business leadership. Her past roles include CEO of YWCA Metropolitan Chicago and various senior positions at Crowe Horwath. Her addition to the board aims to enhance Green Thumb's community impact and mission. The company operates 75 retail locations and has 17 manufacturing facilities across the U.S.
Green Thumb Industries (GTBIF) plans to open two new retail locations in Virginia: Rise Lynchburg on February 8 and Rise Christiansburg on February 10. On their opening days, profits will be donated to local organizations, notably the Shawn Moss Wellness and Growth Foundation and the Montgomery County Emergency Assistance Program. This expansion marks Green Thumb's 75th store nationwide, enhancing its retail presence in Virginia. The new stores will offer 'Roll-Thru' services for medical cannabis patients, highlighting the company's commitment to community impact and accessibility.
Green Thumb Industries (GTBIF) announced a conference call for March 1, 2022, at 8:00 a.m. ET to discuss its fourth quarter and full year 2021 financial results. The call can be accessed via phone or a live audio webcast available on their Investor Relations website. Green Thumb, a leading cannabis consumer packaged goods company, boasts 17 manufacturing facilities and 73 retail locations across 15 U.S. markets, employing approximately 3,800 people. The company focuses on wellness through cannabis and has received recognition for its workplace culture.
Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), a leading cannabis consumer packaged goods company, announced participation in two upcoming conferences in January 2022. CEO Ben Kovler will present at the ICR Virtual Conference on January 10-11, and management will engage in one-on-one meetings at the 24th Annual Needham Virtual Growth Conference on January 14. Green Thumb operates 73 retail locations and 17 manufacturing facilities across 15 U.S. markets, employing around 3,600 people and serving millions of customers annually.
Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) has completed the acquisition of LeafLine Industries, securing one of only two vertical licenses in Minnesota.
This strategic move enhances production capabilities and distribution across 15 states, with a total of 73 retail locations nationwide. The acquisition includes a functioning cultivation facility and five retail locations, with plans to open three additional sites in Minnesota in the future.
Green Thumb aims to offer a wider range of cannabis products to Minnesota's roughly 29,000 registered patients, thereby broadening access to medical cannabis.
Green Thumb Industries (GTBIF) announced the opening of GreenStar Herbals Chelsea in Massachusetts on December 15, 2021, which will be rebranded to Rise in 2022. The company's first-day sales profits will benefit La Colaborativa, aiding Latinx immigrants. Since entering the Massachusetts market in 2018, GTI has expanded to six stores. The new location aims to enhance consumer access in Greater Boston. GTI produces branded products locally, including RYTHM and Dogwalkers, and aims to address the impacts of the War on Drugs through its Good Green initiative.
Green Thumb Industries (GTBIF) has announced the opening of its 67th store, Rise Reno, enhancing its retail presence in Nevada. The store's first-day sales profits will be donated to Helping our Brothers and Sisters (HOBS), supporting veterans, particularly those with PTSD and LGBTQ veterans facing discrimination. CEO Ben Kovler expressed pride in this initiative, emphasizing community support for veterans. Green Thumb's retail network includes multiple Rise locations in Nevada and a partnership with COOKIES for further expansion.
FAQ
What is the current stock price of GREEN THUMB INDUS SUB VTG (GTBIF)?
What is the market cap of GREEN THUMB INDUS SUB VTG (GTBIF)?
Where is Green Thumb Industries Inc. headquartered?
What are some of the branded cannabis products offered by Green Thumb Industries Inc.?
How many manufacturing facilities does Green Thumb Industries Inc. have?
How many retail locations does Green Thumb Industries Inc. have?
What is the primary focus of Green Thumb Industries Inc.?
