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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. (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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RISE Dispensaries, owned by Green Thumb Industries, is opening its tenth retail location in Florida. The grand opening celebration on November 14th will donate profits to Minorities for Medical Marijuana. Green Thumb is committed to expanding access to cannabis and making a positive impact on the communities it serves.
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Green Thumb Industries' incredibles Brand Launches Pineapple Express Gummies on October 27th
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RISE Dispensaries announces the opening of its 9th retail location in Florida, with a grand opening event on October 26th. Profits from the day will be donated to the Florida Justice Center.
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Green Thumb Industries Inc. will release Q3 2023 financial results on November 8, 2023.
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Green Thumb Industries Inc. announces the launch of its RYTHM Artist Series, a collection of strains chosen by artists in the music industry. The series will feature collaborations with Mitchell Tenpenny, State Champs, Marcus King, and Tinashe. The first strain, Night Owl Haze by Mitchell Tenpenny, will be available exclusively at RISE Dispensaries in Florida starting October 27. The partnership will expand to Illinois and Nevada. The RYTHM Artist Series aims to bring fans closer to their favorite artists by offering premium strains that align with their music tastes.
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Benjamin Kovler, CEO and Chairman of Green Thumb Industries, gifted shares to his former spouse as part of a marital settlement agreement.
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FAQ
What is the current stock price of Green Thum (GTBIF)?
The current stock price of Green Thum (GTBIF) is $7.11 as of February 21, 2025.
What is the market cap of Green Thum (GTBIF)?
The market cap of Green Thum (GTBIF) is approximately 1.6B.
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 Thum
OTC:GTBIF
GTBIF Rankings
GTBIF Stock Data
1.63B
195.80M
13.47%
14.52%
Drug Manufacturers - Specialty & Generic
Healthcare
United States
Chicago