Friday, September 12, 2025

Green Thumb To Repurchase Up To US$50 Million Shares

Green Thumb Industries (CSE: GTII) is looking to get investors excited again, announcing this morning it would be conducting a large share repurchase program.

The US multi state cannabis operator is looking to spend up to US$50 million on a stock buyback program, with that figure representing roughly a third of all cash it had on hand as of June 30. The company intends to repurchase up to 10.5 million subordinate voting shares over a twelve month period.

“We believe instituting a share repurchase program is an appropriate tool for creating shareholder value without compromising our growth initiatives. This action was in the works before last week’s announcement from the U.S. Department of Health and Human Services, which called for cannabis to be reclassified to Schedule III. Having witnessed a 30-plus percent move in the sector based on news from Washington, D.C., we want the ability to take advantage for shareholders should the opportunity arise,” commented CEO Ben Kovler on the announcement.

The company does not intend to incur debt as a result of the repurchases, nor is it obligated to repurchase any. The program will begin on September 11, 2023, and run for a period of twelve months.

Green Thumb Industries last traded at $12.81 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

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

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

Green Thumb: Analysts Raise Targets Following Strong Q1 Results

Green Thumb Industries Inc. (CSE: GTII) reported their first quarter financials after market close on...

Saturday, May 15, 2021, 01:41:00 PM

US Cannabis: Stifel Expects “Limited To No Sales Growth”

Earlier this month, Stifel-GMP came out with their US cannabis second quarter preview, calling the...

Monday, August 1, 2022, 01:17:00 PM

Green Thumb Exceeds Analysts Estimates With US$221.9 Million In Revenue For Q2 2021

Green Thumb Industries Inc. (CSE: GTII) on Wednesday reported its Q2 2021 financial results, which...

Thursday, August 12, 2021, 10:33:00 AM

Green Thumb Industries Closes On Acquisition Of Virginia Operator

Green Thumb Industries (CSE: GTII) yesterday announced that they have closed the acquisition of Dharma...

Friday, July 2, 2021, 07:54:39 AM