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].

Core Viewpoint - Green Thumb Industries Inc. will release its second quarter 2025 financial results on August 6, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call and audio webcast on August 6, 2025, at 5:00 p.m. Eastern Time [2] - Participants can pre-register for the live conference call through a provided link [3] Group 2: Company Overview - Green Thumb Industries is a national cannabis consumer packaged goods company and retailer, promoting well-being through cannabis [4] - The company manufactures and distributes a portfolio of branded cannabis products and operates RISE retail locations [4] - Green Thumb has 20 manufacturing facilities, 105 retail locations, and operates in 14 U.S. markets, employing approximately 4,900 people [4]

Core Viewpoint - Green Thumb Industries Inc. is hosting the third annual "The Miracle in Mundelein," a cannabis and music festival, on September 6 and 7, 2025, in Mundelein, Illinois, featuring legal on-site cannabis consumption and a diverse lineup of musical performances [2][3][7]. Event Details - The festival will take place across from RISE Dispensaries and will include performances from notable artists such as Damian "Jr. Gong" Marley, De La Soul, Umphrey's McGee, and Dark Star Orchestra [4][5][9]. - General admission and VIP tickets will be available starting June 6, 2025, with prices starting at $59 for single-day general admission and $313 for two-day VIP passes [8]. Cannabis Experience - Attendees can expect immersive experiences including dab bars and joint rolling stations featuring premium RYTHM products, as well as the Señorita THC Margarita Cabana Club [6][7]. - The event is strictly for individuals aged 21 and older, with cannabis available for purchase at RISE Dispensary Mundelein and on festival grounds [5][6]. Company Background - Green Thumb Industries is a national cannabis consumer packaged goods company that operates RISE Dispensaries and offers a range of branded cannabis products [9]. - The company has 20 manufacturing facilities and 104 retail locations across 14 U.S. markets, employing approximately 4,900 people [9].

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]