Green Thumb Grows Revenue To $287M In Q3, Expands Cannabis Retail Network
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
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Source: Benzinga
Financial Performance: Green Thumb Industries reported a revenue of $287 million for Q3 2024, a 4% increase from the previous year, with net income at $8.6 million and adjusted EBITDA of $89.2 million, reflecting effective cost management despite market pressures.
Expansion and Growth Strategy: The company opened four new RISE dispensaries in Q3, bringing its total to 99 locations nationwide, while securing a $150 million credit facility to strengthen liquidity and support ongoing expansion in the U.S. cannabis market.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
