Greenlight Issues Dividend to Shareholders
KANSAS CITY, Mo., April 11, 2023 /PRNewswire/ -- Greenlight ("the Company"), a leading, vertically-integrated, multi-state operator, announced today that it has issued a first dividend totaling seven-figures to its shareholders, the first known issuance of a dividend by a large Multi-State Operator (MSO).
- "We are proud to be the first large MSO to issue a dividend and we hope to continue this practice as the business allows," said Jim Mueller, co-founder and Chairman of Greenlight.
- "We do not have any corporate debt, which gives Greenlight more flexibility with capital while also continuing on our strategic planned growth in 2023.
- Given the continued challenging regulatory and economic environment affecting cannabis operators, not only is this a historic moment for Greenlight, but also the industry."
- Greenlight previously opened 4 dispensaries in the Southern part of the state, with Bluefield being the company's 5th dispensary.