secwatch.observer — SEC 8-K summary
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Issuer:     Green Thumb Industries Inc. (GTBIF)
CIK:        0001795139
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001193125-23-206192
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795139/000119312523206192/0001193125-23-206192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795139/000119312523206192/d520030d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-206192

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer