Wednesday, October 8, 2025

Latest

Green Thumb Posts US$242.6 Million In Revenue For Q1 2022

Green Thumb Industries Inc. (CSE: GTII) on Wednesday reported its Q1 2022 financial results, which saw the company post US$242.6 million in revenue. The topline figure is a marginal dip from Q4 2021’s revenue of US$243.6 million but an increase from Q1 2021’s revenue of US$194.4 million.

The cannabis firm relayed that the year-on-year revenue growth is mainly driven by “contributions from both the retail and consumer packaged goods businesses.”

However, gross margin dropped to 51% this quarter compared to 53% in the previous quarter and 57% for the same comparable period last year.

The company also recorded US$28.9 million net income for the quarter, up from last quarter’s US$22.8 million and last year’s US$10.4 million net loss. This quarter’s net income translates to US$0.12 earnings per share.

“Our team delivered solid first quarter results with revenue increasing 25% over the prior year quarter. We generated our seventh consecutive quarter of positive net income of $29 million, or $0.12 per share, and Adjusted Operating EBITDA of $67 million. For the ninth consecutive quarter, we delivered positive cash flow from operations, which was $55 million in the first quarter,” said CEO Ben Kovler.

The cash and cash equivalents balance at the quarter’s end came in at US$174.5 million, putting the balance of current assets at US$328.4 million. Meanwhile, current liabilities came in at US$179.2 million.

Green Thumb Industries Inc. last traded at $16.30 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Week Ahead: U.S Cannabis Earnings Expectations For CRON, CURA, IIPR And More

Cannabis investors are facing a harsh 2023 as shares of the largest U.S cannabis companies...

Sunday, February 26, 2023, 01:28:00 PM

Green Thumb Posts Q3 Revenues Of $157.1 Million, Net Income Of $9.6 Million

Green Thumb Industries (CSE: GTII) reported its third quarter financial results this evening after the...

Wednesday, November 11, 2020, 04:41:48 PM

Green Thumb: Haywood Lowers Price Target On Slower Growth Expectations

Green Thumb Industries Inc. (CSE: GTII) announced that they will be reporting their third-quarter financial...

Thursday, October 28, 2021, 05:33:00 PM

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 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...

Thursday, May 13, 2021, 08:07:27 AM