Quarterly ResultAug 4, 2026, 04:11 PM
Green Thumb Q2 Revenue $306.7M, Net Income $4.9M; Repurchases $48.3M Shares
AI Summary
Green Thumb Industries reported Q2 2026 financial results with revenue of $306.7 million, a 4.6% increase year-over-year, and GAAP net income of $4.9 million, or $0.02 per share, a turnaround from a net loss in the prior year. The company also repurchased $48.3 million worth of its Subordinate Voting Shares and highlighted strategic developments including adult-use sales launches in New Jersey and new market opportunities in Virginia and Texas, benefiting from the reclassification of medical cannabis to Schedule III.
Key Highlights
- Revenue increased 4.6% year-over-year to $306.7 million.
- GAAP net income was $4.9 million, or $0.02 per basic and diluted share.
- Normalized EBITDA reached $84.3 million, representing 27.5% of revenue.
- Repurchased $48.3 million of shares, equivalent to 7.9 million Subordinate Voting Shares.
- Cash and cash equivalents totaled $283.6 million at quarter end.
- Cash flow from operations was $29.0 million.
- Launched adult-use sales at RISE Dispensary Paramus, New Jersey.
- Virginia authorized adult-use sales beginning July 1, 2027.
Price Impact
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