Green Thumb

Green Thumb Industries Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
Acquisition, Share repurchase, Growth, Nature, Medical cannabis, GAAP, Dog, Green Thumb, Tax, Cannabis, Depreciation, Thumb

Highlights for the fourth quarter ended December 31, 2023:

Key Points: 
  • Highlights for the fourth quarter ended December 31, 2023:
    Fourth quarter revenue of $278 million increased 7% year-over-year.
  • Consumer Packaged Goods gross revenue increased 16.6% versus the fourth quarter of 2022 and 13.0% versus the full year 2023.
  • Gross profit for the fourth quarter 2023 was $142.7 million or 51.3% of revenue compared to $124.0 million or 47.8% of revenue for the fourth quarter 2022.
  • Green Thumb will host a conference call on Wednesday, February 28, 2024, at 5:00 pm ET to discuss its fourth quarter and full year 2023 financial results for the quarter ended December 31, 2023.

Green Thumb Industries Publishes Second Annual Social Impact Report

Retrieved on: 
Thursday, February 8, 2024
Bias, Policy, Cannabis, Student, Thumb, Employee resource group, Green Thumb, Community, Environmental stewardship, Housing, Patient, Good, Social impact, SSDP, CO2, Community engagement, Employment, Inclusion, Social justice, Dispensary, Erg, Round, Restorative justice, Organization, War, Drug

CHICAGO and VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries , today announced the release of its 2023 Social Impact Report .

Key Points: 
  • CHICAGO and VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries , today announced the release of its 2023 Social Impact Report .
  • Green Thumb’s second annual Social Impact Report documents and highlights the meaningful progress of its “Growing for Good” program across four key pillars: Community Engagement, Inclusion & Belonging, Restorative Justice and Environmental Stewardship.
  • “Our Growing for Good social impact program is deeply embedded in Green Thumb’s DNA and brought to life by our team members every day,” said Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler.
  • To continue the momentum of the Company’s social impact initiatives, Green Thumb is introducing a matching component to its Round Up program in 2024.

Green Thumb Announces Retirement of Richard Drexler from Board of Directors

Retrieved on: 
Friday, December 8, 2023
Audit committee, Retirement, Tennis, Green Thumb

CHICAGO and VANCOUVER, British Columbia, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries , today announced the retirement of Richard Drexler from its Board of Directors (the “Board”), effective December 8.

Key Points: 
  • CHICAGO and VANCOUVER, British Columbia, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries , today announced the retirement of Richard Drexler from its Board of Directors (the “Board”), effective December 8.
  • Drexler joined Green Thumb’s Board in 2022 and served as Chair of the Audit Committee.
  • Drexler will continue to support the Board in a short-term consultant role to ensure a smooth transition.
  • “I would like to thank Richard for his valuable contributions to Green Thumb over the past year,” said Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler.

Green Thumb Industries Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023
Cannabis, Mission, Tax, Thumb, Financial result, EBITDA, GAAP, State Champs, CSE, Craig Road, Nature, Mitchell, Medical cannabis, Green Thumb, Share repurchase, Support the Girls, Depreciation, Music, Total, Collection, Drug, Payment card, Reinsurance, Bookkeeping, Security (finance), Hotel, Hospital, Bank, Video game, Green

CHICAGO and VANCOUVER, British Columbia, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries , today reported its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • CHICAGO and VANCOUVER, British Columbia, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries , today reported its financial results for the third quarter ended September 30, 2023.
  • Subsequent to quarter end, on October 14, 2023, Green Thumb opened RISE Dispensary Brandon in Florida, and donated profits from the grand opening to Florida Justice Center .
  • In the quarter ended September 30, Green Thumb repurchased 2.5 million shares, over 1% of shares outstanding, for $25 million.
  • Green Thumb will host a conference call on Wednesday, November 8, 2023, at 5:00 pm ET to discuss its third quarter 2023 financial results for the quarter ended September 30, 2023.

Get Baked with New Cannabis Collab from Magnolia Bakery and incredibles

Retrieved on: 
Wednesday, November 1, 2023
Cannabis, Dispensary, CPG, Thumb, Cheese, CSE, Senior, City, Edible, Green Thumb, Magnolia, Partnership, Magnolia Bakery, THC, Bakery, PR, Food industry, Flour

“And in cannabis, there is nothing like incredibles, the number one best-selling chocolate edibles brand across all our existing markets.

Key Points: 
  • “And in cannabis, there is nothing like incredibles, the number one best-selling chocolate edibles brand across all our existing markets.
  • “Magnolia Bakery is dedicated to crafting delicious desserts for visitors of all tastes and preferences and can now share our signature flavors with cannabis consumers in three markets.
  • We hope that fans enjoy this all-new way to get baked with Magnolia Bakery.”
    Magnolia Bakery, the world’s most famous bakery, began in 1996 on a cobblestone corner in New York City’s West Village.
  • To shop the incredibles x Magnolia Bakery collaboration, please visit https://iloveincredibles.com/order-online/ .

Swift & Sweet: Discover incredibles’ New Fast-Acting Edibles

Retrieved on: 
Thursday, October 19, 2023
Senior, THC, Edible, Green Thumb, CSE, Thumb, Drug

The accelerated, tropic-infused edible experience will be available at RISE Dispensaries and other retailers throughout Illinois beginning Friday, October 27.

Key Points: 
  • The accelerated, tropic-infused edible experience will be available at RISE Dispensaries and other retailers throughout Illinois beginning Friday, October 27.
  • “We're thrilled to introduce our very first fast-acting edibles product, a delicious fusion of innovation and indulgence.
  • The new edible offering from incredibles is crafted using molecular encapsulation to provide a faster onset period than traditional edibles.
  • Known as “the credible edible,” incredibles has been developing consistently dosed cannabis confections since 2010, providing predictable effects for worry-free enjoyment.

Introducing the RYTHM Artist Series, Uniting Music and Cannabis Culture

Retrieved on: 
Monday, October 2, 2023
Music, Partnership, CSE, CMA, Life, State Champs, Collection, Smoke, Cannabis, Dispensary, Mitchell Tenpenny, Smoking, Green Thumb

The RYTHM Artist Series brings to life each artist’s genuine connection to cannabis through the creation of their own custom strain, providing a product and experience that they can share with their fans.

Key Points: 
  • The RYTHM Artist Series brings to life each artist’s genuine connection to cannabis through the creation of their own custom strain, providing a product and experience that they can share with their fans.
  • Building upon its eclectic strain library, the RYTHM Artist Series empowers consumers to align their music and cannabis tastes, demonstrating a true culmination of the brand’s motto: Find Your RYTHM.
  • “RYTHM was built on the proven, positive connection between cannabis and music,” said Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler.
  • “The RYTHM Artist Series is about elevating the authentic relationship artists have with cannabis while bringing fans closer to their favorite artist by smoking the same strain as them.

Green Thumb Industries Announces Appointment of New Board Members

Retrieved on: 
Thursday, September 21, 2023
CSE, Marketing, John Buchan Ross, Accounting, Goldman Sachs, Partner, Investment, CPA, Initial public offering, Cannabis, Growth, Green Thumb, Drug, Management

Reisin will serve on the audit committee and Ross will serve on the audit and compensation committees of the Board.

Key Points: 
  • Reisin will serve on the audit committee and Ross will serve on the audit and compensation committees of the Board.
  • The appointments bring the Company’s Board of Directors to a total of nine members.
  • “We are thrilled to expand our Board and welcome Richard and Hannah to the team,” said Green Thumb Founder, Chairman and Chief Executive Officer, Ben Kovler.
  • “Not only does Green Thumb have an impressive financial foundation, but it also has the best brand portfolio in the industry,” said Ross.

Green Thumb Industries Announces Share Repurchase Program

Retrieved on: 
Tuesday, September 5, 2023
Berkshire Hathaway, CSE, Canadian Securities Exchange, U.S. Department of Defense Strategy for Operating in Cyberspace, Share repurchase, Mátti Kovler, Human services, Office of Inspector General, U.S. Department of Health and Human Services, USD, Hierarchy, Green, Green Thumb, Cannabis, News, Security (finance)

The Board of Directors authorized the Company to spend up to USD $50 million for the repurchase program.

Key Points: 
  • The Board of Directors authorized the Company to spend up to USD $50 million for the repurchase program.
  • “We believe instituting a share repurchase program is an appropriate tool for creating shareholder value without compromising our growth initiatives.
  • Every small bit helps if repurchases are made at value-accretive prices.’ We are excited about the future for Green Thumb and cannabis in America,” concluded Kovler.
  • The Company does not expect to incur debt to fund the share repurchase program.

RISE Dispensaries Debuts Revitalized Brand Identity

Retrieved on: 
Thursday, August 10, 2023
Partnership, CSE, Creative services, Movement, Patient, Helene Curtis Industries, Inc., RISE, Cannabis, Environment, University of Georgia College of Environment & Design, Hand, Green Thumb, Industrial design, Interior design

CHICAGO and VANCOUVER, British Columbia, Aug. 10, 2023 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or “the Company”) (CSE: GTII) (OTCQX: GTBIF), today unveiled its refreshed retail brand identity.

Key Points: 
  • CHICAGO and VANCOUVER, British Columbia, Aug. 10, 2023 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or “the Company”) (CSE: GTII) (OTCQX: GTBIF), today unveiled its refreshed retail brand identity.
  • As the brand nears its seventh anniversary, RISE has debuted an inspired brand vision that embodies the Company’s desire to galvanize the cannabis community to join its movement to democratize cannabis access.
  • With the newly designed stores, we want patients and customers to feel empowered and supported throughout their RISE experience.”
    Turner Duckworth’s contributions to RISE’s revitalized brand identity were inspired by the upward momentum of the cannabis industry rising into the dawn of a new day.
  • For information on RISE Dispensaries’ new brand identity, retail locations or product offerings, please visit risecannabis.com .