GREEN THUMB INDUS SUB VTG - GTBIF STOCK NEWS

Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) announces an official after-party featuring LP Giobbi following Dead & Company’s performance in Chicago on June 9, 2023. This event, held at the Metro, aims to connect music and cannabis culture, with a portion of the proceeds benefiting Femme House, an organization supporting women and gender-expansive individuals in the music industry. LP Giobbi, a dedicated fan, is celebrated for her unique remixes of the Grateful Dead's music. Green Thumb's RYTHM brand, a premium cannabis line, emphasizes this partnership's harmony with music. The company operates across 15 U.S. markets with 79 retail locations and 18 manufacturing facilities, promoting a diverse range of cannabis products.

Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) has opened RISE Grove City, the 79^th retail location in the U.S. for its cannabis retail chain, RISE Dispensaries. The opening occurred on April 17, 2023, with profits from the first day donated to the Grove City Community Food Pantry, enhancing community support. Tim Hawkins, General Manager, emphasized the importance of expanding access to cannabis while impacting community well-being. Green Thumb has been operating in Pennsylvania since 2017, with a cultivation facility in Danville producing branded products. RISE Grove City aims to provide crucial services, including virtual consultations and home delivery, to enhance cannabis access. The dispensary is located at 225 Westside Square Drive, with operating hours from 9 a.m. to 8 p.m. on weekdays.

Green Thumb Industries announces the launch of RYTHM Premium Flower in Minnesota at RISE New Hope, its 78th nationwide dispensary, opening on April 17, 2023. This location will enhance patient access to a wide range of cannabis products, including flavored distillate vapes and specially formulated gummies. Notably, profits from the first day's sales will support Balanced Veterans Network, a nonprofit focused on veterans' wellness through cannabis. RISE New Hope aims to provide a superior shopping experience in the Northwest Minneapolis Metropolitan area, with a commitment to community support. This expansion aligns with Green Thumb's strategy to grow its footprint while promoting safe, high-quality cannabis access for patients.

Green Thumb Industries (OTCQX: GTBIF) announced a month-long celebration for 4/20 across all RISE Dispensaries in participating markets, featuring exclusive product drops, store events, and significant discounts. Customers can access special deals with discounts up to 40% on select products. The highlight includes the release of an e-cookbook titled ‘Smoke It. Eat It. Drink It.’, which offers 25 THC-infused recipes aimed at helping consumers celebrate the holiday. This initiative aims to normalize cannabis culture and enhance customer engagement. With a national footprint of 77 retail locations, RISE Dispensaries intends to foster community connections through various in-store activities and promotions.

Dogwalkers, a premium cannabis pre-roll brand under Green Thumb Industries (GTBIF), announced the launch of its new line of infused cannabis pre-rolls named Show Dogs. Set to debut on April 20th in Illinois, these products will be exclusively available at RISE Dispensaries for the first two weeks. Later, the product will expand to markets in Massachusetts, Maryland, and Nevada. The Show Dogs pre-rolls are crafted with premium cannabis flower blended with high-grade concentrate, ensuring a potent experience for consumers. The product lineup includes a $50 pack of five Mini Dogs and a $30 single Big Dog, categorized into different effects for customer preference. The Dogwalkers brand emphasizes a commitment to animal rescue, with proceeds supporting various organizations.

Green Thumb Industries (GTBIF) announced that it will release its first quarter 2023 financial results on May 3, 2023, after the market closes. A conference call to discuss the results will follow at 5:00 p.m. Eastern Time. The company operates RISE Dispensaries and is a leading national cannabis consumer packaged goods provider. Green Thumb has 18 manufacturing facilities and 77 retail locations across 15 U.S. markets, employing approximately 3,800 people. The company aims to promote well-being through cannabis while supporting local communities. Further details can be found on their official website.

Green Thumb Industries reported Q4 2022 revenue of $259 million, a 6% increase year-over-year, while annual revenue reached $1 billion, up 14%. The company faced a GAAP net loss of $51 million for Q4, but adjusted net income was positive at $12 million. EBITDA for Q4 was a loss of $19.6 million, contrasting with $75.6 million in Q4 2021. Notably, they had $178 million in cash at year-end, supporting future growth despite market price compression. The overall retail revenue rose 14.2% in Q4, driven by adult-use sales in New Jersey and acquisitions. Management highlighted strong demand despite regulatory challenges.

Green Thumb Industries (GTBIF) has launched its first Social Impact Report, detailing initiatives across four key areas: Community Engagement, Diversity, Equity & Inclusion, Restorative Justice, and Environmental Stewardship. The company has contributed over $3.5 million since 2021 to support various organizations and initiatives. Highlights include nearly $600,000 donated to community organizations, over $1.5 million directed towards nonprofit groups assisting communities affected by the War on Drugs, and innovative measures to reduce environmental impact. Founder Ben Kovler emphasized the ongoing commitment to amplifying positive community impact.

Green Thumb Industries (GTBIF) will release its fourth quarter and full year 2022 financial results on February 28, 2023, after market close. The company will hold a conference call at 5:00 p.m. ET to discuss the results and address shareholder inquiries. Green Thumb, a prominent player in the cannabis industry, operates 77 retail locations and has 18 manufacturing facilities across 15 U.S. markets. Established in 2014, it employs approximately 3,800 people and is focused on promoting well-being through cannabis while contributing to its communities.