Green Thumb Earnings + Call Notes

U.S. cannabis leader reports Q125.

Green Thumb Earnings

$279.5M Revs; est. $284.1M
$85.2M AEBITDA; est. $85.3M
$143.3M GP; est. $145.4M
$42.5M OI; est. $46.9M
51.3% GM; est. 51.2%
$8.3M NI; est. $9.6M
$0.04 EPS; est. $0.05

Revenue of $280 million, +1% over the prior year period
Cash flow from operations of $74M
Cash at quarter end totaled $211M
GAAP net income of $8 million or $0.04 per basic and diluted share.
AEBITDA of $85 million or 31% of revenue.
Opened two RISE Dispensaries: one in Nevada and one in Ohio.

“The Green Thumb team delivered a respectable quarter with revenue and AEBITDA of $280M and $85M, respectively, and cash flow from operations of $74M. We ended the quarter with a strong balance sheet including $211M in cash.

The impact of our brands continues to grow as we elevate RYTHM, Beboe, incredibles into new spaces. RYTHM has a strong market presence in the music scene, and events like RYTHM’s Bud Ball—a celebration of all the hard-working people in the cannabis industry—are driving affinity for our lifestyle brand.

In April, we introduced Bud Ball to New York City for the first time, kicking off the event’s three-city summer series. RYTHM is literally and figuratively on a roll with more exciting developments coming soon. Stay tuned!”

Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler.

Call Notes