Highest-materiality recent filing
Green Thumb shareholders approve Super Voting Shares conversion threshold reduction to 25%
Amendment lowers automatic conversion trigger from 50% to 25% of original Super Voting Shares held by Initial Holders.
Revenue $300.2M (+7.4% YoY), GAAP net income $15.4M ($0.07/share), normalized EBITDA $93.5M (31.2% revenue).
Fixed annual cash fees of $70M collectively for license rights to RYTHM, incredibles, Beboe, Dogwalkers, Doctor Solomon's, &Shine, and Good Green brands.
Green Thumb Q4 revenue $311M (+5.7% YoY); net income $83.2M; guides Q1 down mid-single digits
Revenue of $311.1M (+5.7% YoY); full-year revenue $1.2B (+3.4%).
Green Thumb Industries adds $50M in term loans via credit agreement amendment
GTI23, subsidiary of Green Thumb Industries, entered Amendment No. 1 to credit agreement on Feb 19, 2026.
Green Thumb Q3 revenue $291.4M, up 1.6% YoY; adj. EBITDA $80.2M, 27.5% margin
Revenue $291.4M (+1.6% YoY); net income $23.3M ($0.10 EPS) including $13.6M one-time gain on IP sale.
Green Thumb sold VCP IP Holdings (brands: RYTHM, Beboe, Dogwalkers, Doctor Solomon's, &Shine, Good Green) for $50M cash.
Green Thumb Q2 revenue $293M (+4.7% YoY), net loss $0.65M; adj EBITDA $82.7M
Revenue $293.3M, +4.7% YoY; retail revenue +0.3%, CPG revenue +8.4%.
Plan amendment approved with 249.3M for, 15.3M against, 50.8M broker non-votes.
Green Thumb Q1 2025: Revenue $280M (+1%), net income $8.3M vs $31.1M prior year
Revenue $280M (+1% YoY); GAAP net income $8.3M ($0.04 per share) vs $31.1M ($0.13) in Q1 2024.
Green Thumb Q4 revenue $294M (+6% YoY), net income $13M, adj. EBITDA $98M (33% margin)
Q4 revenue $294M, up 6% YoY; GAAP net income $13M ($0.05 basic EPS); adjusted EBITDA $98M (33.2% margin).
Green Thumb Q3 revenue $287M (+4% YoY), Adjusted EBITDA $89M; new $150M credit facility
Revenue $286.9M (+4.2% YoY); net income $8.6M ($0.04 EPS).
Green Thumb Industries grants RSUs and cash bonuses to top executives
CEO Benjamin Kovler and President Anthony Georgiadis each receive 750,000 RSUs vesting in thirds over 3 years, plus $300,000 cash bonus.
Green Thumb closes $150M syndicated credit facility at SOFR+5% to refinance $225M debt
Closes $150M 5-year syndicated credit facility led by Valley National Bank; rate SOFR + 5% with 1% floor.
Green Thumb Q2 revenue $280M (+11% YoY), net income $21M, adj EBITDA $94M
Q2 revenue $280M (+11% YoY); GAAP net income $21M ($0.09/share) vs $13.4M ($0.05).
Green Thumb shareholders elect 7 directors, approve say-on-pay at 2024 AGM
Set board size at seven: 299.95M for vs 329,578 against.
Green Thumb Q1 revenue $276M (+11% YoY); net income $31M up 240% from Q1 2023
Revenue $275.8M (+11% YoY); GAAP net income $31.1M ($0.13/share) vs $9.1M prior year.
Q4 revenue $278M (+7% YoY); GAAP net income $3M ($0.01/sh) vs net loss $51M a year ago.
Director Richard Drexler retires from Green Thumb board effective Dec 8, 2023
Richard Drexler notified company of retirement on Dec 5, 2023; effective Dec 8, 2023.
Green Thumb Q3 revenue $275M record; GAAP net income $11M, adjusted EBITDA $83M
Revenue of $275M, up 9% sequentially and 5.4% YoY; GAAP net income $0.05 per share.
Green Thumb appoints Richard Reisin and Hannah Ross to board, expanding to nine members
Board expanded from 7 to 9 independent directors effective September 20, 2023.
Green Thumb Q2 revenue $252M, net income $13M, adjusted EBITDA $76M
Revenue $252.4M, down 1% YoY but up 2% sequentially; CPG gross revenue up 12.8% YoY.
Board set at 7 directors; all nominees elected with >99% support (approx. 290M votes for each).
Green Thumb Q1 revenue up 2% to $249M; net income falls to $9M from $28.9M
Revenue of $248.5M, up 2.4% YoY; retail revenue up 9.4% and comparable sales up 6.3% on 73 stores.
Green Thumb appoints cannabis policy reformer Ethan Nadelmann to board
Board expanded from six to seven directors; Nadelmann appointed effective April 27, 2023.
Green Thumb Industries adopts updated Code of Ethical Business Conduct
Board approved Revised Code effective March 29, 2023, replacing prior code in full.
On December 5, 2023, Richard Drexler notified Green Thumb Industries Inc. (the “Company”) that he was retiring from his role as a director of the Company effective December 8, 2023.
Effective September 20, 2023, the Board of Directors (the “Board”) of Green Thumb Industries Inc. (the “Company”) increased its number of directors from seven to nine and appointed Richard Reisin and Hannah B. Ross as directors of the Company, to serve in such capacity until the Company’s 2024 Annual General Meeting of Shareholders or until his or her respective successor is elected and qualified, or until his or her respective earlier resignation, retirement or removal.
Effective September 20, 2023, the Board of Directors (the “Board”) of Green Thumb Industries Inc. (the “Company”) increased its number of directors from seven to nine and appointed Richard Reisin and Hannah B. Ross as directors of the Company, to serve in such capacity until the Company’s 2024 Annual General Meeting of Shareholders or until his or her respective successor is elected and qualified, or until his or her respective earlier resignation, retirement or removal.
Effective April 27, 2023, the Board of Directors (the “Board”) of Green Thumb Industries Inc. (the “Company”) increased its number of directors from six to seven and appointed Ethan Nadelmann as a director of the Company, to serve in such capacity until the Company’s 2023 Annual General Meeting of Shareholders and until his successor is elected and qualified, or until his earlier resignation, retirement or removal.
Max materiality 0.85 · Median 0.70 · Most common event earnings