---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-189808"
form_type: "8-K"
ticker: "GTBIF"
cik: "0001795139"
company_name: "Green Thumb Industries Inc."
filed_at: "2025-08-27T23:59:59+00:00"
generated_at: "2026-05-17T09:45:32.092317+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Green Thumb sells brand IP to Agrify for $50M, licenses brands back, and extends $45M convertible note

## Summary
- Green Thumb sold VCP IP Holdings (brands: RYTHM, Beboe, Dogwalkers, Doctor Solomon's, &Shine, Good Green) for $50M cash.
- Green Thumb licensed the brands back from Agrify, paying monthly fees based on product sales.
- Green Thumb extended a $45M secured convertible note to Agrify (10% interest, maturity Feb 2027, conversion at $29.475/share).
- Green Thumb owns 35% of Agrify; CEO Ben Kovler is also Chairman and Interim CEO of Agrify.

## SEC filing metadata
- accession: 0001193125-25-189808
- form_type: 8-K
- ticker: GTBIF
- cik: 0001795139
- company_name: Green Thumb Industries Inc.
- filed_at: 2025-08-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795139/000119312525189808/0001193125-25-189808-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795139/000119312525189808/d65517d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-189808
- JSON: https://secwatch.observer/filing/0001193125-25-189808.json
- Plain text: https://secwatch.observer/filing/0001193125-25-189808.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.