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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.
Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) announced the opening of RISE Dispensary East Syracuse on August 2, 2024. This marks the fifth RISE Dispensary in New York and the 97th nationwide. Located at 6701 Manilus Center Road, the dispensary will serve both medical patients and adult-use customers, offering a wide range of products including RYTHM, Dogwalkers, incredibles, and Beboe. Operating hours will be 9 a.m. to 9 p.m. daily.
As part of their community engagement, Green Thumb will donate opening day profits to We Rise Above The Streets Recovery Outreach Inc., an organization supporting homeless and financially vulnerable populations in Syracuse. The grand opening celebration will feature a ribbon-cutting ceremony, product deals, and live entertainment.
Green Thumb Industries (CSE: GTII) (OTCQX: GTBIF) has announced the expansion of its luxury cannabis brand, Beboe, into the New York market. Beboe's socially-dosed cannabis products are now available at all RISE Dispensaries across New York and select licensed retail partners. The brand, founded by Scott Campbell, aims to provide a sophisticated cannabis experience and has been dubbed the "Hermès of marijuana" by The New York Times.
Beboe's product line in New York includes sleek vapes and artfully blended edibles, with plans to introduce more products in Fall 2024. Green Thumb operates four RISE Dispensaries in New York, with a fifth location set to open in East Syracuse. The company cultivates and produces all its New York products, including Beboe, at its Hudson Valley facility in Warwick. Following the New York launch, Beboe products will also be available in New Jersey at RISE Dispensaries and select licensed retail partners.
Green Thumb Industries announces the opening of two RISE Dispensary locations in Tallahassee, Florida, on July 12. The new dispensaries, located at 2459 Mahan Drive and 1412 W Tennessee Street, bring RISE's footprint to 19 locations in Florida and 96 nationwide. Both locations will operate Monday through Saturday from 9 a.m. to 8 p.m. and Sunday from 11 a.m. to 6 p.m.
The grand opening celebrations will be held on August 23 for the Tennessee Street location and August 30 for the Mahan Drive location. Events will feature product deals, local vendors, and a ribbon-cutting ceremony. Both dispensaries will offer delivery service, online menus, and a roll-thru service at the Tennessee Street location.
Green Thumb, which joined the Florida market in 2018, also operates two production facilities in Ocala and Homestead, producing a range of cannabis products including RYTHM premium flower and full spectrum vapes, Dogwalkers pre-rolls, and Doctor Solomon’s tinctures.
Green Thumb Industries (CSE: GTII, OTCQX: GTBIF), a leading cannabis consumer packaged goods company and owner of RISE Dispensaries, announced it will release its Q2 2024 financial results on August 5, 2024, after market close.
A conference call and audio webcast will be held at 5:00 p.m. Eastern Time/4:00 p.m. Central Time the same day to discuss the results and address questions.
Participants can join the live conference call by dialing 844-883-3895 (Toll-Free) or 412-317-5797 (International). Pre-registration is available at https://dpregister.com/sreg/10190210/fce7794bc4 for a personalized phone number and PIN.
The live and archived webcast will be accessible at: https://investors.gtigrows.com.
Green Thumb Industries announced the opening of its 17th RISE Dispensary in Florida, located in New Port Richey, on June 21, 2024. This marks the company's 94th retail location nationwide. The dispensary will offer a wide range of cannabis products including premium flower, vapes, pre-rolls, tinctures, and chews. A grand opening event is scheduled for July 26, featuring promotions and giveaways, with profits donated to the Warrior Wellness Program to support veterans. This opening follows the launch of two other RISE Dispensaries in Florida this year, expanding Green Thumb's footprint in the state since 2018.
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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