Green Thumb Industries Inc.

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.

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.

Green Thumb Industries Inc.'s Board of Directors approved an amendment to the company's Amended and Restated Articles on July 9, 2026. This amendment significantly increases the quorum requirement for shareholder meetings. The quorum has been raised from one or more shareholders holding at least 5% of issued shares to at least 33 1/3% of issued shares entitled to vote.

Green Thumb Industries shareholders approved several key proposals at the 2026 Annual and Special Meeting. A significant amendment was made to the company's Articles, varying the automatic conversion provisions of Super Voting Shares to trigger when an Initial Holder's shares fall to 25% of the original number, down from 50%. Additionally, shareholders set the number of directors at seven and elected all seven nominees. Other approvals included the advisory compensation of named executive officers and the appointment of Baker Tilly US, LLP as the company's auditors.

Green Thumb Industries Inc. reported a significant increase in net income for the first quarter of 2026, rising 85.37% to $15.4 million. This growth was supported by a 7.39% increase in revenue, reaching $300.2 million. The company also saw an increase in operating cash flows and repurchased $33.3 million in Subordinate Voting Shares during the quarter.

Green Thumb Industries reported strong first-quarter 2026 financial results, with revenue increasing 7.4% to $300.2 million and GAAP net income rising to $15.4 million. The company also generated $76.0 million in cash flow from operations and repurchased $33.3 million in shares during the quarter. Subsequent to quarter-end, Green Thumb was conditionally awarded a Texas Compassionate Use Program license and submitted DEA registration applications following the federal rescheduling of medical cannabis to Schedule III.

Green Thumb Industries Inc. announced its Annual and Special Meeting of Shareholders to be held virtually on June 16, 2026. Shareholders will vote on key proposals including the election of directors, executive compensation, auditor re-appointment, and an amendment to the company's articles regarding Super Voting Shares conversion. The record date for voting is April 20, 2026, with proxy voting instructions due by June 12, 2026.