Monday, August 4, 2025

Latest

Green Thumb Posts US$194.4 Million In Revenue, US$11.5 Million Net Income For Q1 2021

Green Thumb Industries Inc. (CSE: GTII) last night reported its Q1 2021 financial results, which saw the company post US$194.4 million in revenue, topping analyst expectations. This is an increase of 9.7% from Q4 2020’s revenue of US$177.2 million and 89.5% from Q1 2020’s revenue of US$102.6 million.

The company also recorded a US$11.5 million net income for the quarter, a decline from last quarter’s net income of US$23.9 million, but an increase from last year’s US$3.8 million net loss. Adjusted EBITDA meanwhile came in at $71.4 million. This quarter’s net income translates to US$0.05 earnings per share.

Green Thumb attributes the increase in revenue to the expanded distribution of its branded products, the additional 13 new stores, and the increased traffic in its 56 operating retail stores.

This is the first quarterly financial results released by the company after its US IPO in February 2021 which saw the sale of approximately 4.7 million shares. The offering raised US$156.0 million for Green Thumb.

The company ended the quarter with US$275.9 million in cash and cash equivalents, while the total debt outstanding was at US$100.1 million.

Green Thumb Industries Inc. last traded at $35.80 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization unless otherwise mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Floridians Can Soon Buy Weed At Circle K Gas Stations

Green Thumb Industries Inc. (CSE: GTII), one of the largest cannabis producers in the United...

Wednesday, October 19, 2022, 02:19:00 PM

Green Thumb: Despite Earnings Beat, Analysts Lower Targets On Sector Headwinds

On August 3, Green Thumb Industries (CSE: GTII) reported its second quarter financial results. The...

Saturday, August 6, 2022, 05:18:00 PM

Green Thumb Posts Q4 Revenues of $243.6 Million, Net Income

Green Thumb Industries (CSE: GTII) this morning posted its fourth quarter 2021 financial results. For...

Tuesday, March 1, 2022, 08:03:21 AM

Green Thumb: Haywood Drops Price Target To $40

Earlier this month, Green Thumb Industries (CSE: GTII) reported its fourth quarter and full year...

Thursday, March 10, 2022, 04:48:00 PM

Green Thumb Sees Consensus Estimate Fall To $49.89 After Q4 Earnings

Earlier this week, Green Thumb Industries (CSE: GTII) reported its fourth quarter financial results. The...

Thursday, March 3, 2022, 04:31:00 PM