Green Thumb Industries (GTBIF) received principal and cash interest payments related to a prior loan to Cansortium (CNTMF). Following Cansortium’s recent financing, Green Thumb received approximately $23 million of principal plus 13% accrued interest, adding to its Q3 ending cash balance of $174 million.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GTBIF:
- Green Thumb expands national retail footprint to over 100 stores nationwide
- Rising High: Numinus Wellness to sell five Utah clinics for $3.53M
- Green Thumb Industries Reports Strong Q3 2024 Results
- Rising High: Exclusive talk with house of brands Carma HoldCo
- Green Thumb Industries opens RISE Orlando dispensary