Green Thumb Industries Reports First Quarter Results

The company’s operational cash flow saw a 12% increase from the previous year, totaling $84 million. Green Thumb CEO Ben Kovler attributed the positive results to the company’s strategic initiatives, which focus on creating distinguished brands and cultivating customer loyalty. He emphasized the company’s robust operational foundation and clear vision for sustained growth.

Additionally, Green Thumb has continued its share repurchase program, buying back over 1 million shares in the first quarter for $13.6 million, with plans to further capitalize on its remaining $46.6 million buyback authorization.

As Green Thumb maintains its profitability—a rarity among public cannabis firms in the U.S.—it closed the quarter with $2.5 billion in total assets, which includes $223.9 million in cash and $310 million in debt. The company’s financial health appears robust as it navigates the evolving cannabis market landscape.