secwatch.observer — SEC 8-K summary
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Issuer:     Green Thumb Industries Inc. (GTBIF)
CIK:        0001795139
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001193125-22-140452
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Green Thumb Q1 revenue up 25% to $243M; net income $29M, launches NJ adult-use
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- Revenue $242.6M (+25% YoY), flat sequentially; net income $28.9M ($0.12/share) vs $10.4M ($0.05) YoY.
- Adjusted Op EBITDA $67M (28% rev) vs $71.4M (37%) YoY; decline due to inflation, talent costs, pricing headwinds.
- Cash flow from ops $55M (9th consecutive positive qtr); cash $175M at quarter end.
- Post quarter, NJ adult-use sales began Apr 21; RISE Bloomfield & Paterson among first stores.
- Gross margin 51% vs 57% YoY; SG&A improved to 28% of revenue from 31%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795139/000119312522140452/0001193125-22-140452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795139/000119312522140452/d353475d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-140452

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