Recent Updates — GTBIF

Green Thumb Industries reported third-quarter 2026 results with revenue of $324.4 million, an 11.3% increase year-over-year, driven by retail sales in Minnesota following the launch of adult-use markets and continued growth in Florida, New Jersey, New York, Ohio, and Virginia. The company posted a GAAP net loss of $4.8 million, or $0.02 per share, compared to a net income of $23.3 million in the prior year period, primarily due to the absence of a one-time gain on intellectual property sales recorded previously. Normalized EBITDA rose 11.5% to $89.4 million with a margin of 27.6%, while cash flow from operations reached $58.3 million and cash reserves stood at $316.0 million. The company also consolidated RYTHM, Inc. into its financial statements effective October 10, 2026, following an amendment to beneficial ownership limitations on convertible notes. Green Thumb Industries is a leading national cannabis consumer packaged goods company and retailer headquartered in Chicago.

Green Thumb Industries Inc. filed an 8-K on August 10, 2026, announcing that its subsidiaries entered into an amendment with RYTHM, Inc. to remove beneficial ownership limitations on convertible notes ($72.0 million principal) and pre-funded warrants (9,731,638 shares). This change triggers the consolidation of RYTHM into Green Thumb's financial statements effective October 10, 2026. The company stated it does not intend to exercise securities prior to or after this date. Green Thumb Industries Inc. operates in the cannabis industry.

Green Thumb Industries Inc. reported financial results for the quarter ended June 30, 2026, posting revenue of $306.7 million, a 4.6% increase year-over-year. The company achieved GAAP net income of $4.9 million, or $0.02 per share, and normalized EBITDA of $84.3 million. Cash flow from operations was $29.0 million, while cash on hand totaled $283.6 million against total debt of $283.0 million. Management repurchased approximately 7.9 million shares for $48.3 million during the quarter. Recent developments include the launch of adult-use sales in New Jersey and Pennsylvania, and Virginia's authorization for recreational cannabis starting July 1, 2027. Green Thumb Industries Inc. operates as a leading national cannabis consumer packaged goods company and retailer.

Green Thumb Industries Inc. approved an amendment to its Articles of Incorporation to increase the shareholder meeting quorum requirement from 5% of issued voting shares to 33 1/3% of issued voting shares. Green Thumb Industries Inc. is a cannabis industry company that provides products and services to the consumer market.