Green Thumb Industries Inc.

Earnings data Q3 2024

Earnings data Q4 2024

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Green Thumb Industries, Inc. engages in the manufacture and distribution of branded cannabis products. It operates through the Retail and Consumer Packaged Goods segments. The company was founded by Benjamin Kovler and Max Cohen on February 18, 2002 and is headquartered in Chicago, IL.

CHICAGO and VANCOUVER, British Columbia, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today announced the retirement of Richard Drexler from its Board of Directors (the “Board”), effective December 8. Drexler joined Green Thumb's Board in 2022 and served as Chair of the Audit Committee. Following his departure, Richard Reisin will assume the role of Chair of the Audit Committee. Drexler will continue to support the Board in a short-term consultant role to ensure a smooth transition.

Green Thumb Announces Retirement of Richard Drexler from Board of Directors

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Marijuana stock investors are entering into the new year with more of a positive outlook. The future of the cannabis industry seems to be heading in the right direction

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CHICAGO and VANCOUVER, British Columbia, Nov. 29, 2023 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), today announced that it will open two RISE Dispensaries in Florida, with one located in Tampa and the other located in Crystal River, on December 1. These store openings bring the Company's retail footprint to 13 in Florida and 89 nationwide. RISE Dispensary Tampa will host a grand opening celebration on December 16, where profits from the day will be donated to Tu Canna Foundation . RISE Dispensary Crystal River will host a grand opening celebration on December 15, with profits benefitting The Bridge 4 Veterans .

Green Thumb to Open RISE Dispensaries in Tampa and Crystal River on December 1, Expanding its Footprint to 13 Locations in the Sunshine State

Chicago, Illinois--(Newsfile Corp. - November 28, 2023) - On November 27, 2023, Anthony Georgiadis, President of Green Thumb Industries Inc. (the "Issuer") (CSE: GTII) (OTCQX: GTBIF), converted 5,000 super voting shares of the Issuer ("Super Voting Shares") into 5,000 multiple voting shares of the Issuer ("Multiple Voting Shares") and then converted such Multiple Voting Shares into 500,000 subordinate voting shares of the Issuer ("Subordinate Voting Shares"). Prior to the transaction, Mr.

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As December 2023 approaches, the US cannabis industry and top marijuana stocks stand as a rapidly expanding market. Recent legalization efforts have opened new opportunities for investors. The industry is projected to reach significant growth in the next few years. This makes it an attractive sector for both short-term traders and long-term investors.

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Cannabis stocks are set to hit some major milestones in 2024. A recent Water Tower Research report points to key inflection points that could push top cannabis stocks higher next year.

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Of the U.S. MSOs, Green Thumb Industries was one of the first ones to be able to find profits while operating under 280e. The entire industry is currently facing catalysts from both rescheduling, and the passage of some form of the SAFE Banking Act. If the 280e tax burden were removed, I estimate that their most recent quarterly net margin of 3.81% would have been around 12.91%.

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2024 is already looking like a promising time for marijuana stock investors. Every year the cannabis industry continues to grow and evolve. Through this process, we see moments that are both good and bad. The path that legal cannabis has taken has not been an easy one. It many years to get to the point we are at now with a much greater acceptance of cannabis. During this new year, we will see another attempt to establish better regulations and reform that hopefully stays in favor of those who are in favor of legal cannabis.

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Cannabis stocks could see higher highs in 2024. For one, according to a recent Gallup survey, 70% of Americans back legalization.

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Marijuana stocks have become an interesting sector in the ever-changing U.S. stock market, providing investors with notable returns over the last half-year. Companies in the cannabis sector in the United States have grown remarkably, propelled by the wave of states legalizing cannabis. Current data confirms the industry's positive trend, as the market is seeing an increase in investor interest and income. As the cannabis market develops, astute investors are using technical analysis more frequently and putting strong risk management plans in place to help them deal with the ups and downs of this emerging sector.

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Green Thumb Industries Inc. (OTCQX:GTBIF) Q3 2023 Earnings Call November 8, 2023 5:00 PM ET Company Participants Shannon Weaver - Vice President of Communications Ben Kovler - Founder and Chie Executive Officer Anthony Georgiadis - President Matt Faulkner - Chief Financial Officer Conference Call Participants Matt McGinley - Needham Eric Des Lauriers - Craig-Hallum Aaron Grey - Alliance Global Partners Scott Fortune - ROTH MKM Gerald Pascarelli - Wedbush Matt Bottomley - Canaccord Genuity Operator Good afternoon, and welcome to Green Thumb's Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Green Thumb Industries Inc. (GTBIF) Q3 2023 Earnings Call Transcript

CHICAGO and VANCOUVER, British Columbia, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today reported its financial results for the third quarter ended September 30, 2023. Financial results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and all currency is in U.S. dollars.

Green Thumb Industries Reports Third Quarter 2023 Results

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In Q4 2023, the landscape of the US marijuana industry and top marijuana stocks is poised for significant growth and transformation, making it an enticing sector for investors to keep a keen eye on. Recent statistics indicate that the cannabis market in the United States is on a meteoric rise, with a projected compound annual growth rate (CAGR) of over 16% between 2023 and 2030. This growth is driven by many factors, including the ongoing legalization efforts in various states, increasing public acceptance, and the potential for federal decriminalization, all of which contribute to a favorable market environment.

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The cannabis industry over the last several years continues to grow and progress. Between more states going legal and other global regions enacting cannabis legislation the future looks promising. In 2023 there were several things that took place that could help keep the industry on the right path. To begin different companies have entered into strategic partnerships which is huge. Anytime 2 companies can come together and find success doing so is big.

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The limited-edition infused chocolate bars celebrate the bakery's most iconic flavors as Magnolia Bakery makes its limited-time foray into the cannabis space The limited-edition infused chocolate bars celebrate the bakery's most iconic flavors as Magnolia Bakery makes its limited-time foray into the cannabis space

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Most marijuana stock investors are keeping hopes high for 2024. This past year has not been the best for marijuana stocks even with volatile pops in trading. For some time there has been a lack of upward consistency as some investors are acting even more cautious. There has been an ongoing battle to enact federal reform. This alone has been the biggest factor for investors. For instance, when positive news on the subject is released the market reacts well.

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Over the last few months, the allure of cannabis stocks has gained momentum. Since mid-2023, many top-tier cannabis companies have experienced rejuvenation in pricing and demand.

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Marijuana stock investors are keeping their attention to what will take place this new year. As 2024 quickly approaches many are working toward preparing themselves for what's to come. A new year soon to begin means more opportunities to be had. For example, a new year is another chance to pass federal reform. Many feel this will be the year it passes as some of the more optimistic investors keep hopes high. The biggest catalyst for some years now has been the progress and battle with federal reform.

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CHICAGO and VANCOUVER, British Columbia, Oct. 25, 2023 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or “the Company”) (CSE: GTII) (OTCQX: GTBIF), today announced that RISE Dispensary Sun City Center , the Company's tenth retail location in Florida and 86th nationwide, will open on October 27th. RISE Dispensary Sun City Center will welcome patients with a grand opening celebration on November 14th, where profits from the day will be donated to Minorities for Medical Marijuana. The event will include a ribbon-cutting ceremony with representatives from the South Hillsborough Chamber of Commerce.

Green Thumb to Open a RISE Dispensary in Sun City Center, Florida on October 27th, Expanding its Footprint to Ten Locations in the Sunshine State

Marijuana stock investors are looking at 2024 as a fresh start to cannabis investing. Even with the last year showing a bit more volatility investment opportunities have been on the rise. With the cannabis sector showing inconsistent market patterns there have been lower trading days. Now just because there have been days where marijuana stocks are trading lower levels does not mean all is lost. When investing in anything you need to plan and strategize.

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Green Thumb Industries' incredibles Brand Launches Pineapple Express Gummies on October 27th Green Thumb Industries' incredibles Brand Launches Pineapple Express Gummies on October 27th

Swift & Sweet: Discover incredibles' New Fast-Acting Edibles

As October 2023 progresses, the marijuana stocks and the US cannabis market's landscape will continue to captivate investors looking for expansion prospects. The marijuana industry has seen extraordinary growth in recent years due to changing public attitudes and fluctuating regulations, leading to a booming market for medical and recreational marijuana. The United States is leading this green wave thanks to its extensive network of legalized marijuana states. There is a growing consensus that the US marijuana business is primed for significant expansion, from the state of California's thriving market to the recent addition of New York. In this article, we'll look at a few of the best marijuana stocks in the US that long-term and short-term investors should consider. We'll also emphasize the importance of using technical analysis to make informed decisions and the necessity of robust risk management strategies when navigating this ever-evolving market.

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Cautious optimism is warranted in the cannabis industry due to potential changes, such as the move to federal legalization and improved fundamentals. Investors should consider their risk appetite, timeframes, and political catalysts when choosing cannabis companies to invest in.

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