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Green Thumb Industries
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Produces and sells cannabis products and brands
Green Thumb Industries
Work Here?
Produces and sells cannabis products and brands
About Green Thumb Industries
Industries
Social Impact
Healthcare
Consumer Goods
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2014
Overview
Green Thumb Industries (GTI) operates in the cannabis industry, providing a variety of products aimed at enhancing health and well-being. Established in 2010 in Colorado, GTI serves both recreational and medical cannabis users, offering products like edibles, flowers, and concentrates through its retail stores. These stores are designed to create educational experiences for customers, supported by knowledgeable staff known as People Care Specialists. GTI differentiates itself from competitors by focusing on high-quality products that meet strict safety standards, such as their incredibles confections. The company's goal is to improve personal well-being and foster community engagement through its diverse range of brands and retail experiences.
Simplify's Take
What believers are saying
- Green Thumb's expansion in Florida increases its retail footprint to 21 locations.
- The $150 million financing enhances Green Thumb's growth and operational capabilities.
- Partnership with Barstool Sports boosts brand visibility and consumer engagement.
What critics are saying
- Rejection of dispensary plans at gas stations limits expansion in Florida.
- Increased competition from new entrants could impact Green Thumb's market share.
- Reliance on large-scale financing increases financial risk if market conditions change.
What makes Green Thumb Industries unique
- Green Thumb operates 99 RISE Dispensaries nationwide, offering unique retail experiences.
- The company offers a diverse portfolio of branded cannabis products, including Beboe and RYTHM.
- Green Thumb's focus on quality and community engagement sets it apart in the cannabis industry.
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Funding
Total Funding
$348.6M
Above
Industry Average
Funded Over
4 Rounds
Benefits
Hybrid Work Options
Performance Bonus
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 10%The company, Green Thumb Industries, had planned to launch a "test and learn phase" with 10 dispensaries adjacent to Circle K stores in various parts of the state.
CHICAGO and VANCOUVER, British Columbia, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. ("Green Thumb" or the "Company") GTII GTBIF, a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today announced it received principal and cash interest payments related to a prior loan to Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) ("Cansortium"). 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. "I want to congratulate the Cansortium team on their announcement yesterday and wish them well with the upcoming business combination with RIV Capital," said Ben Kovler, Green Thumb Founder, Chairman and Chief Executive Officer. "This investment is a good example of our opportunistic style to allocating capital - we want to have upside optionality combined with downside protection. The result in this case of getting paid back 100 cents on the dollar feels like a win
RISE Dispensaries will serve patients in Orlando with the opening of RISE Dispensary Orlando on Good Homes Road, located at 725 Good Homes Road, on November 8Conveniently located in West Orlando along Lake Sherwood Bridge, the new location marks 21 RISE Dispensaries in Florida and 99 nationwideRISE Dispensary Orlando on Good Homes Road will host a grand opening celebration on December 13Profits from the grand opening will be donated to Florida Rights Restoration CoalitionCHICAGO and VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) -- RISE Dispensaries , a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), today announced the opening of RISE Dispensary Orlando on Good Homes Road on Friday, November 8. Located at 725 Good Homes Road, the new West Orlando location expands RISE Dispensaries’ retail footprint in Florida to 21 locations and 99 nationwide.Beginning November 8, RISE Dispensary Orlando on Good Homes Road will offer patients high-quality, award-winning products and best-in-class service, including home delivery. RISE Dispensary Orlando on Good Homes Road will welcome patients Monday through Saturday from 9 a.m. to 8 p.m
Green Thumb Industries announces the opening of its new RISE Dispensary in Orlando, Florida on November 8.
Agrify secures financing from Green Thumb Industries and announces new leadership.
Green Thumb Industries is Hiring for 116 Jobs on Simplify!
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About Green Thumb Industries
Industries
Social Impact
Healthcare
Consumer Goods
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2014
Green Thumb Industries is Hiring for 116 Jobs on Simplify!
Find jobs on Simplify and start your career today