Green Thumb Industries Reports Q1 2025 Financial Results

Green Thumb Industries Inc. a U.S.-based cannabis consumer packaged goods company and owner of RISE Dispensaries, announced its financial results for the first quarter ended March 31, 2025.

Financial Highlights

• Revenue for Q1 2025 was $280 million, a 1% increase compared to the same period in 2024.

• Net income was $8.3 million, down from $31.1 million in Q1 2024.

• Adjusted EBITDA stood at $85.2 million, representing 30.5% of revenue.

• Cash flow from operations was $74 million.

• The company ended the quarter with $172 million in cash and cash equivalents.

The decrease in net income was attributed to price compression in key markets and increased selling, general, and administrative expenses.

Operational Developments

During the quarter, Green Thumb opened two new RISE dispensaries, expanding its retail footprint. The company continues to focus on operational efficiencies and strategic investments to navigate the evolving cannabis market.

Market Context

The cannabis industry faces ongoing challenges, including regulatory complexities and market saturation in certain regions. Green Thumb’s performance reflects these broader industry trends, with modest revenue growth and pressure on profit margins.

Green Thumb remains committed to its long-term strategy, focusing on brand development, customer experience, and disciplined capital allocation. The company aims to leverage its operational expertise to adapt to market conditions and pursue sustainable growth.