secwatch.observer — SEC 8-K summary
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Issuer:     Green Thumb Industries Inc. (GTBIF)
CIK:        0001795139
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001193125-23-134391
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 2% to $249M; net income falls to $9M from $28.9M
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- Revenue of $248.5M, up 2.4% YoY; retail revenue up 9.4% and comparable sales up 6.3% on 73 stores.
- GAAP net income $9.1M ($0.04 per share) vs $28.9M ($0.12) prior year; margin decline from price compression.
- Adjusted EBITDA $76.2M (30.7% of revenue) up 14% YoY from $67.0M (27.6%).
- Cash from operations $75M; cash balance $185M providing optionality for investments.
- SG&A increased to $80.5M (32.4% of revenue) from $68.4M (28.2%) due to prior year acquisition credit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795139/000119312523134391/0001193125-23-134391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795139/000119312523134391/d241369d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-134391

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