Green Thumb Industries (GTBIF) and Glass House Brands (GLASF) topped Q3 2024 cannabis financial performance charts, showcasing exceptional adjusted EBITDA, operating cash flow, and free cash flow. This report analyzes their success, other strong performers like Grown Rogue and Vext Science, and the impact of tax strategies on industry cash flow.
Green Thumb Industries (GTBIF) announced robust third-quarter results, highlighting revenue growth, increased profitability, and strategic financial moves. The company expanded its retail presence with new RISE dispensaries and solidified its financial position through debt reduction and a share repurchase program. Green Thumb remains optimistic about the future of the U.S. cannabis market.
Magnolia Bakery, known for its iconic New York City bakeshop, has teamed up with incredibles, a cannabis edibles brand from Green Thumb Industries, to expand their partnership. THC-infused chocolate bars featuring Magnolia Bakery’s signature flavors will now be available in New York, followed by New Jersey and other markets.
Green Thumb Industries (GTII), the cannabis company behind RISE Dispensaries, will release its third-quarter financial results on November 7th, 2024. The company also announced a $50 million share repurchase program, highlighting its commitment to shareholder value and strategic growth in the U.S. cannabis market.
Barstool Sports, the media giant known for its sports and pop culture content, is expanding into the cannabis market with a new partnership with Green Thumb Industries (GTI). The collaboration will create custom content featuring GTI brands RYTHM and Dogwalkers Prerolls, bringing cannabis into the mainstream media landscape.
Verano Holdings, Green Thumb Industries, and MariMed Inc. all saw varying degrees of success in the second quarter of 2024. While Verano and Green Thumb achieved strong revenue growth and stable margins, MariMed saw slower growth but focused on organic expansion. This report details the key takeaways from Zuanic & Associates’ analysis of each company’s performance.
