---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-135668"
form_type: "8-K"
ticker: "GTBIF"
cik: "0001795139"
company_name: "Green Thumb Industries Inc."
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T07:59:55.522449+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-135668
- form_type: 8-K
- ticker: GTBIF
- cik: 0001795139
- company_name: Green Thumb Industries Inc.
- filed_at: 2026-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795139/000119312526135668/0001193125-26-135668-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795139/000119312526135668/gtbif-20260331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-135668
- JSON: https://secwatch.observer/filing/0001193125-26-135668.json
- Plain text: https://secwatch.observer/filing/0001193125-26-135668.txt

## Key facts
- Material Agreements
  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
  source text: On March 31, 2026, GTI Core and VCP entered into an amendment to the License Agreement (the “License Agreement Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1795139/000119312526135668/0001193125-26-135668-index.htm

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