Green Thumb Industries Reports Strong Q1 Results, Revenue Up 7.4% to $300.2M, Repurchases $78M in Shares
Cannabis operator Green Thumb Industries (GTBIF) reported robust first-quarter results, with revenue increasing 7.4% year-over-year to $300.2 million. The company generated $76 million in operating cash flow and $15.4 million in GAAP net income. Green Thumb also announced significant share repurchases, buying back approximately 6 million shares for $33.3 million in Q1, and an additional 7.4 million shares post-quarter, bringing total repurchases this year to nearly $78 million. Analysts note the company's financial strength, ending Q1 with $344.5 million in cash and $289.9 million in total debt, positioning it as a well-managed entity in the cannabis sector.
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