Green Thumb Q2 revenue $252M, net income $13M, adjusted EBITDA $76M

Green Thumb Industries Inc.

2023-Q2 EPS reported $0.09 revenue$500,924,000

Revenue $252.4M, down 1% YoY but up 2% sequentially; CPG gross revenue up 12.8% YoY.
GAAP net income $13.4M ($0.05 per share) vs $24.4M ($0.10 diluted) in Q2 2022.
Adjusted EBITDA $75.8M (30.0% of revenue) vs $78.7M (31.0%) YoY; cash from ops $93M YTD.
Cash $149M at quarter end; six RISE stores opened in H1; adult-use sales began in Maryland post-quarter.
SG&A rose to $84.2M (33.4% rev) from $63.5M (25.0%) due to prior-year credit and new store costs.

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