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RCP23 Sells 1,666,667 Subordinate Voting Shares of Green Thumb Industries Inc.

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On June 10, 2021, RCP23, LLC, led by Benjamin Kovler, sold 1,666,667 Subordinate Voting Shares of Green Thumb Industries (GTBIF) at $30.00 each to a qualified institutional buyer. This transaction facilitates the introduction of a new institutional shareholder aligned with the company's long-term goals. Kovler noted that this sale follows a historical trend of RCP23 selling shares on behalf of early investors prior to Green Thumb's public listing.

Positive
  • Introduction of a new institutional shareholder aligned with management's long-term vision.
Negative
  • None.

CHICAGO, June 11, 2021 (GLOBE NEWSWIRE) -- On June 10, 2021, RCP23, LLC (the “Seller”), a private investment holding company controlled by Benjamin Kovler, CEO and Chairman of Green Thumb Industries Inc. (the “Issuer”) (CSE: GTII) (OTCQX: GTBIF), sold 1,666,667 Subordinate Voting Shares of the Issuer (the “Transferred Shares”) to a third-party qualified institutional buyer at a purchase price of US$30.00 per share in a private transaction.

“This transaction brings Green Thumb a new institutional shareholder who is aligned with management's long-term vision,” said Manager of RCP23 Benjamin Kovler.  “RCP23 has historically sold shares on behalf of our legacy shareholders who invested prior to Green Thumb going public.”

For further information, please contact Investor Relations, Green Thumb Industries Inc., InvestorRelations@GTIgrows.com, Phone: 310-622-8257.

 


FAQ

What shares did RCP23 sell related to Green Thumb Industries?

RCP23 sold 1,666,667 Subordinate Voting Shares of Green Thumb Industries.

What was the price per share for the transaction involving GTBIF?

The shares were sold at a price of $30.00 each.

Who is the CEO of Green Thumb Industries?

Benjamin Kovler is the CEO and Chairman of Green Thumb Industries.

What is the significance of the sale by RCP23 for Green Thumb Industries?

The sale introduces a new institutional shareholder that supports the long-term vision of Green Thumb Industries.

When did RCP23 sell the shares of Green Thumb Industries?

The shares were sold on June 10, 2021.

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