Green Thumb Industries (OTC) ( (GTBIF) ) has released its Q1 earnings. Here is a breakdown of the information Green Thumb Industries (OTC) presented to its investors.
Green Thumb Industries Inc., a prominent national cannabis consumer packaged goods company, is known for its wide range of branded cannabis products and retail operations under the RISE Dispensary brand, with a significant presence across the United States.
In its first quarter of 2025 financial results, Green Thumb Industries reported a revenue of $280 million, marking a modest 1% increase from the previous year. The company also highlighted a cash flow from operations of $74 million and a net income of $8 million.
Key financial metrics for the quarter included an adjusted EBITDA of $85 million, representing 31% of revenue, and a gross profit of $143.3 million, which was slightly lower than the previous year due to price compression. The company opened two new RISE Dispensaries in Nevada and Ohio, contributing to its strategic expansion in key markets.
Looking ahead, Green Thumb Industries remains optimistic despite facing challenges such as pricing compression and increased competition. The company is preparing for the launch of adult-use sales in Minnesota and continues to focus on expanding its market presence and enhancing brand affinity.