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Green Thumb Industries to Hold Second Quarter 2025 Earnings Conference Call on August 6, 2025
Globenewswire· 2025-07-02 11:00
CHICAGO and VANCOUVER, British Columbia, July 02, 2025 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today announced it will release second quarter 2025 financial results after the market closes on Wednesday, August 6, 2025. A conference call and audio webcast will also be held on Wednesday August 6, 2025, at 5:00 p.m. Eastern Time/4:00 p.m. Central Time to discuss the resu ...
RYTHM Premium Cannabis Brings Back The Miracle in Mundelein for a Third Year with Legal On-Site Cannabis Consumption and a Star-Studded Lineup
Globenewswire· 2025-06-04 18:00
Damian "Jr. Gong" Marley, De La Soul, Umphrey’s McGee, Dark Star Orchestra and more are scheduled to headline the two-day eventGeneral admission and VIP ticket sales will be available on Friday, June 6 at 12:00 pm CST at www.themiracleconcert.comThe event is strictly for individuals aged 21+, with cannabis purchase available in-store at RISE Dispensary Mundelein and hemp-derived THC products and beverages for sale on festival grounds CHICAGO and VANCOUVER, British Columbia, June 04, 2025 (GLOBE NEWSWIRE) - ...
Green Thumb Industries Reports First Quarter 2025 Results
Globenewswire· 2025-05-07 20:02
Core Insights - Green Thumb Industries reported a total revenue of $280 million for Q1 2025, reflecting a 1.4% increase from the same period last year [5][9] - The company experienced a decrease in overall retail revenue by 2.5% compared to Q1 2024, primarily due to price compression in existing markets [5][6] - Adjusted EBITDA for the quarter was $85 million, representing 31% of revenue, down from $90.5 million or 32.8% of revenue in Q1 2024 [11][9] Financial Performance - Gross profit for Q1 2025 was $143.3 million, accounting for 51.3% of revenue, compared to $144.9 million or 52.5% of revenue in Q1 2024 [7][9] - Total selling, general, and administrative expenses increased to $100.8 million, or 36.1% of revenue, from $74.3 million or 26.9% of revenue in the prior year [8][9] - Net income attributable to the company was $8.3 million, or $0.04 per share, a decrease from $31.1 million, or $0.13 per share, in the prior year [10][26] Business Developments - The company opened two new RISE Dispensaries during the quarter, including locations in Nevada and Ohio [9][15] - Green Thumb is preparing for the launch of adult-use sales in Minnesota, expected to commence before the end of the year [4] - The company introduced the Bud Ball event in New York City, expanding its brand presence in the lifestyle segment [4] Balance Sheet and Liquidity - As of March 31, 2025, Green Thumb had $211 million in cash and cash equivalents, with total current assets of $444.9 million [13][27] - Total debt outstanding was $252.4 million, consisting of approximately $150 million in senior secured debt and $100 million in real estate mortgages [13] - The company repurchased approximately 160,000 Subordinate Voting Shares for about $1 million during the first quarter [14]
Green Thumb to Open RISE Dispensary Ocala in Florida, its 104th Retail Location in the Nation, on April 29
Globenewswire· 2025-04-28 11:00
CHICAGO and VANCOUVER, British Columbia, April 28, 2025 (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 announced that RISE Dispensary Ocala, the Company's 22 retail location in Florida and 104 nationwide, will open on April 29. Located at 3873 SW College Road, the dispensary will offer medical patients a diverse collection of cannabis products from brands including RYTHM, D ...