Green Thumb amends license agreements with RYTHM, switching to $70M annual fixed fees from revenue-based

Green Thumb Industries Inc.

Fixed annual cash fees of $70M collectively for license rights to RYTHM, incredibles, Beboe, Dogwalkers, Doctor Solomon's, &Shine, and Good Green brands.
Fees payable monthly, subject to annual CPI-based increase (max 10% year-over-year per filing, 2x CPI per press release).
Green Thumb indirectly owns ~33% of RYM; CEO Ben Kovler also serves as Chairman and Interim CEO of RYM.
Amendment effective April 1, 2026; previous fees were revenue-based on product sales.
Amendment intended to ensure RYM compliance with Nasdaq listing standards regarding revenue from federally illegal cannabis industry.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Green Thumb Industries Inc. amended License Agreement Amendment with VCP IP Holdings, LLC valued at an annual cash fee of $64.0 million (effective 2026-03-31).

Action: amendment
Agreement: license
Counterparty: VCP IP Holdings, LLC
Value: an annual cash fee of $64.0 million
Effective: 2026-03-31

Exact text from the filing

On March 31, 2026, GTI Core and VCP entered into an amendment to the License Agreement (the “License Agreement Amendment”).

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Green Thumb Industries Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-135668

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