Green Thumb Industries Reports Third Quarter Loss Amid Expansion Efforts
Green Thumb Industries (GTBIF) reported a third-quarter net loss of $0.02 per share, breaking its streak of profitable quarters. Despite the loss, the Chicago-based cannabis retailer saw an 11.3% year-over-year increase in revenue, reaching $324.4 million, driven by strong demand for its consumer brands and the opening of six new RISE dispensaries across Florida, Nevada, and Pennsylvania. The company maintains a disciplined financial profile with $58 million in operational cash flow for Q3 and a robust cash position of $316 million. Management has actively returned capital to shareholders, repurchasing 13.4 million shares so far in 2026 and authorizing an additional $50 million buyback program. The company's strategic expansion into high-growth states and the benefits from cannabis rescheduling are expected to provide long-term revenue runways.
Tickers: $GTBIF
Topics: cannabis industry earnings report net loss revenue growth share buybacks