CHICAGO and VANCOUVER, British Columbia, Feb. 25, 2026 (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 fourth quarter and full year ended December 31, 2025. Financial results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”), and all currency is in U.S. dollars. Highlights for ...

Five-year syndicated credit facility at an industry-leading rate of SOFR+500CHICAGO and VANCOUVER, British Columbia, Feb. 20, 2026 (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 Company increased its existing syndicated credit facility led by Valley National Bank by $50 million, bringing the total facility to $189 million. The Company i ...

Industry Overview - The U.S. cannabis sector is transitioning towards a more disciplined approach, prioritizing profitability over rapid expansion, leading to a separation between stronger and weaker companies [1][2] - State-level legalization is expanding, and existing markets are becoming more efficient and competitive, with steady consumer demand despite economic uncertainty [2] - Investors are focusing on companies with scale, strong brands, and operational efficiency as the industry evolves [2][3] Company Highlights Green Thumb Industries (GTBIF) - Green Thumb Industries is recognized as one of the most disciplined cannabis operators in the U.S., balancing retail operations with branded wholesale distribution for revenue stability [3][4] - The company operates numerous retail dispensaries under the Rise brand and has a strong presence in states like Illinois, Pennsylvania, Florida, New Jersey, and Nevada [4][5] - Green Thumb's focus on operational efficiency has helped maintain margins during downturns, with selective store openings reflecting a conservative growth strategy [5][6] - Financially, Green Thumb has shown resilience with steady revenue growth and improving profitability trends, supported by cost controls and operational discipline [6][8] Curaleaf Holdings (CURLF) - Curaleaf is one of the largest cannabis companies in the U.S., with a national footprint and operations in both medical and adult-use markets, enhancing revenue diversification [8][9] - The company operates over 100 dispensaries, with significant presence in Florida, New York, New Jersey, Illinois, Arizona, and Massachusetts, and controls multiple cultivation and processing facilities [9][11] - Curaleaf has several well-known brands, including Curaleaf, Select, and Grassroots, which strengthen its market penetration [11][12] - Financially, Curaleaf is among the highest-revenue operators, with recent restructuring efforts improving operational efficiency and focusing on profitability [12][13] Verano Holdings (VRNOF) - Verano has emerged as a major vertically integrated cannabis operator, with a strong retail focus and operations across multiple regulated markets [14][15] - The company operates more than 160 dispensaries, primarily in Florida, and has a diverse brand portfolio including MÜV, Zen Leaf, Savvy, and Encore [15][16] - Verano is focusing on operational improvements, with revenue growth supported by retail expansion and brand development, while prioritizing efficiency and margin stabilization [17][18] - The company's vertical integration offers advantages in cost control and product consistency, positioning it well for future growth in the evolving Florida market [18] Conclusion - As February 2026 approaches, the cannabis sector remains volatile but selective, with companies like Green Thumb, Curaleaf, and Verano standing out due to their scale, discipline, and strong brands [19]

Core Viewpoint - Green Thumb Industries Inc. is set to release its fourth quarter and full year 2025 financial results on February 25, 2026, after market close [1] Company Overview - Green Thumb Industries Inc. is a leading national cannabis consumer packaged goods company and retailer based in Chicago, Illinois [2] - The company manufactures and distributes a variety of licensed, branded cannabis products, including RYTHM, Dogwalkers, incredibles, Beboe, &Shine, Doctor Solomon's, and Good Green [2] - Green Thumb operates RISE Dispensaries, a rapidly growing national retail chain, serving millions of patients and customers annually [2] - Established in 2014, Green Thumb has manufacturing facilities and retail stores across 14 U.S. markets, employing approximately 4,800 people [2]

Core Insights - The U.S. cannabis industry is nearing a significant inflection point, with ongoing federal policy discussions, particularly regarding cannabis rescheduling, which could lead to reduced tax burdens and improved profitability for operators [1][2] - Recent state-level expansions of adult-use programs and medical access frameworks, along with renewed federal banking reform discussions, are contributing to a growing momentum for legalization [2][6] - Companies with strong balance sheets and retail scale, such as Trulieve, Green Thumb Industries, and Cresco Labs, are well-positioned for growth as federal reforms progress [5][6] Industry Overview - The U.S. cannabis industry is evolving amidst regulatory uncertainty, with large multi-state operators focusing on long-term growth through scale, efficiency, and strong balance sheets [6][20] - Federal reform may be gradual, but even incremental changes could unlock significant value for cannabis companies [5][20] Company Profiles Trulieve Cannabis Corp. - Trulieve is one of the largest U.S. cannabis operators, with over 180 dispensaries, primarily in Florida, and a strong market share [9][10] - The company emphasizes cash flow stability, with steady revenue and strong gross margins, while maintaining disciplined capital expenditures and avoiding excessive dilution [12][10] Green Thumb Industries Inc. - Green Thumb operates over 100 dispensaries and focuses on branded consumer products, which differentiates it from competitors [13][14] - The company has maintained positive net income and strong operating cash flow, with a conservative balance sheet and manageable debt levels [15][14] Cresco Labs Inc. - Cresco is a vertically integrated operator with a strong wholesale focus, operating retail locations under the Sunnyside brand and maintaining a presence in key states [16][17] - The company has focused on stabilization and efficiency, with steady revenue and improving gross margins, while managing operating expenses carefully [19][18]

Core Insights - Green Thumb Industries reported third quarter revenue of $291 million, reflecting a 2% year-over-year increase, despite price compression in key markets [4][11] - The company achieved an adjusted EBITDA of $80 million, representing 28% of revenue, and cash flow from operations of $74 million [4][8] - The balance sheet remains strong with cash and cash equivalents totaling $226 million, and no senior credit facility maturities for four years [4][18] Financial Performance - Total revenue for Q3 2025 was $291.4 million, up 1.6% from the previous year [11] - Consumer Packaged Goods revenue increased by 8%, while retail revenue declined by 1% due to price compression in existing markets [11] - Gross profit was $144 million, or 49.4% of revenue, down from 51.4% in the prior year due to price compression [12] Share Repurchase and Capital Allocation - The company has repurchased approximately $107 million of subordinate voting shares since late 2023, reducing total shares outstanding by 13.5 million [5][19] - A new share repurchase program for $50 million was authorized, extending through September 2026 [5][19] Market Expansion and Strategy - The eighth Minnesota RISE Dispensary commenced adult-use sales on October 21, 2025, contributing to the company's growth strategy [3][10] - The company completed a transaction with RYTHM, Inc. to expand THC products beyond dispensaries, enhancing its market position [7] Industry Context - Despite ongoing challenges such as federal reform uncertainty and 280E taxation, cannabis demand continues to rise, positioning it as a fast-growing consumer category [6] - The company remains optimistic about future market share expansion and the establishment of adult-use markets in states like Virginia [11]

Core Viewpoint - Green Thumb Industries Inc. is set to release its third quarter 2025 financial results on November 5, 2025, after market close [1] Company Overview - Green Thumb Industries Inc. is a leading national cannabis consumer packaged goods company and retailer based in Chicago, Illinois [2] - The company manufactures and distributes a variety of branded cannabis products, including RYTHM, Dogwalkers, incredibles, Beboe, &Shine, Doctor Solomon's, and Good Green [2] - Green Thumb operates RISE Dispensaries, a rapidly growing national retail chain, serving millions of patients and customers annually [2] - Established in 2014, the company has 20 manufacturing facilities and 108 retail stores across 14 U.S. markets, employing approximately 4,800 people [2]

Industry Overview - The U.S. cannabis industry generated over $33 billion in sales during 2024, making it one of the fastest-growing consumer sectors, with projections of annual sales surpassing $56 billion by 2030 [1] - Federal rescheduling efforts could ease tax burdens for cannabis companies, while more states are preparing adult-use legalization measures, increasing growth opportunities for multi-state operators [1][5] - The sector is characterized by volatility, necessitating careful evaluation of fundamentals and sector catalysts [1][12] Company Highlights Green Thumb Industries (OTC: GTBIF) - Green Thumb Industries operates over 100 dispensaries across 14 states, focusing on high-demand, limited-license markets, and has confirmed 108 locations with steady growth [3][5] - The company reported quarterly revenue of approximately $293 million in 2025, reflecting a year-over-year increase, with adjusted EBITDA around $83 million and operating cash flow of $56 million [4][5] - Green Thumb has a balance sheet with $177 million in cash, allowing for financial flexibility and continued investment [5] Glass House Brands (OTC: GLASF) - Glass House Brands focuses on California, managing 10 dispensaries and emphasizing large-scale greenhouse cultivation and efficient production [6][8] - The company reported second-quarter revenue of $59.9 million, an 11% year-over-year increase, with gross margins expanding to 53% and adjusted EBITDA of $18.1 million [8] - Cash reserves stood at $44.2 million, and cultivation volume reached 231,000 pounds during the quarter, with costs averaging $91 per pound [8] Cresco Labs (OTC: CRLBF) - Cresco Labs operates 71 Sunnyside dispensaries and focuses on both retail and wholesale, with significant brand development across various product categories [9][10] - The company posted revenue of $164 million in the second quarter of 2025, with an adjusted gross margin of 50.6% and adjusted EBITDA of approximately $41 million [11] - Cresco reported a net loss of $14 million, primarily from non-cash impairments, but has effectively controlled expenses, with selling, general, and administrative expenses at 31% of revenue [11] Investment Considerations - Investors are encouraged to apply technical analysis, monitoring support, resistance, and moving averages to improve timing in this volatile sector [12] - The upcoming catalysts, such as federal rescheduling and new state launches, make these three stocks—Green Thumb, Glass House, and Cresco—worth watching closely [12]

Core Viewpoint - Green Thumb Industries Inc. has authorized a $50 million share repurchase program to enhance shareholder value and maintain strategic flexibility in the expanding cannabis market [1][3]. Summary by Sections Share Repurchase Program - The program allows for the repurchase of up to 10,364,640 subordinate voting shares over the next 12 months [2]. - Previous repurchase efforts resulted in approximately 13.5 million shares being repurchased for $108 million since September 5, 2023 [2]. Management's Perspective - The CEO, Ben Kovler, emphasized that buying back stock at the right price is a key method for creating shareholder value and maintaining a strong market position [3]. - The new repurchase program will start on September 23, 2025, and end on September 22, 2026, with no obligation to purchase shares if better opportunities arise [3]. Financial Considerations - The company does not plan to incur debt to fund the share repurchase program, and the actual number of shares purchased will depend on market conditions [4]. - All repurchased shares will be returned to the treasury and canceled [4]. Company Overview - Green Thumb Industries is a leading national cannabis consumer packaged goods company, operating RISE Dispensaries and offering a range of branded products [5]. - Established in 2014, the company has 20 manufacturing facilities and 108 retail stores across 14 U.S. markets, employing approximately 4,800 people [5].

Core Viewpoint - Green Thumb Industries Inc. has entered into significant transactions with Agrify Corporation, including the sale of certain consumer packaged goods brands, a licensing agreement, and a loan arrangement, indicating a strategic move to enhance its market position in the cannabis industry [1][2][5]. Group 1: Transactions Overview - The company sold all equity interests in VCP IP Holdings, LLC to Agrify for a cash consideration of US$50 million, which includes brands such as RYTHM and Beboe [2]. - A Trademark and Recipe License Agreement was established, allowing Green Thumb to continue using certain intellectual property related to the brands, with a monthly license fee based on sales [3]. - The company extended a loan of US$45 million to Agrify, secured by a convertible note with a 10% annual interest rate, maturing on February 25, 2027 [5][6]. Group 2: Financial Details - The convertible note issued to Agrify will accrue interest payable in cash, shares, or pre-funded warrants, with a conversion price set at $29.475 per share [7]. - The note imposes customary covenants on Agrify, and in case of default, the interest rate will increase to 14% [6]. Group 3: Company Background - Green Thumb Industries is a leading national cannabis consumer packaged goods company, operating 20 manufacturing facilities and 108 retail stores across 14 U.S. markets, employing approximately 4,800 people [8].