Green Thumb Industries (OTC) ( (GTBIF) ) has released its Q2 earnings. Here is a breakdown of the information Green Thumb Industries (OTC) presented to its investors.
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Green Thumb Industries Inc. is a prominent national cannabis consumer packaged goods company and retailer, known for its diverse portfolio of branded cannabis products and RISE Dispensaries chain, operating across multiple U.S. markets.
In its second quarter of 2025, Green Thumb Industries reported a revenue of $293.3 million, marking a 4.7% increase compared to the previous year. Despite a GAAP net loss of $0.65 million, the company achieved an adjusted EBITDA of $82.7 million, reflecting 28.2% of its revenue.
Key financial highlights include a cash reserve of $177 million and a strategic repurchase of 5.6 million shares for $24 million. The company faced a decrease in gross profit margin due to price compression and increased expenses related to new store operations. However, it saw significant market share gains in states like Illinois and New Jersey, and continued its expansion in adult-use markets.
Looking forward, Green Thumb Industries remains committed to building long-term value and expanding its market presence, with a focus on navigating current market challenges and preparing for new opportunities, such as Minnesota’s upcoming adult-use market launch.