SubsidiaryAug 11, 2026, 07:02 AM
Green Thumb to Consolidate RYTHM Inc. from Oct 10, 2026
AI Summary
Green Thumb Industries Inc., through its subsidiaries RSLGH, LLC and Vision Management Services, LLC, entered into an amendment agreement with RYTHM, Inc. (RYM). This amendment removes beneficial ownership limitations on outstanding pre-funded warrants and $72.0 million in secured convertible notes held by RSLGH in RYM, as well as amending their shared services agreement. As a direct result, Green Thumb will be required to consolidate RYM in its financial statements starting October 10, 2026, the effective date of the amendment.
Key Highlights
- Green Thumb subsidiaries RSLGH and VMS amended agreements with RYTHM, Inc. (RYM) on August 10, 2026.
- The amendment removes beneficial ownership limitations on warrants and $72.0 million in convertible notes held by RSLGH in RYM.
- The Amended and Restated Shared Services Agreement between RYM and VMS was also amended.
- The amendment is effective October 10, 2026.
- Green Thumb Industries will be required to consolidate RYM in its financial statements starting October 10, 2026.
- Consolidation occurs solely due to the amendment, not from exercising securities.
- Benjamin Kovler, Green Thumb's CEO, also serves as RYM's Chairman and Interim CEO.
Price Impact
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