Cowen Financial Products Divests Entire Green Thumb Industries Stake

TL;DR

**Cowen Financial Products just dumped all their Green Thumb Industries stock!**

AI Summary

Cowen Financial Products LLC, a New York-based financial entity, filed an amended SC 13G/A on February 2, 2024, indicating that as of December 29, 2023, they no longer beneficially own any shares of Green Thumb Industries Inc. common stock. This update shows a complete divestment from their previous holdings, meaning they now have 0 sole voting power, 0 shared voting power, 0 sole dispositive power, and 0 shared dispositive power. This matters to investors because a significant institutional holder has completely exited their position, which could signal a change in their outlook on Green Thumb Industries.

Why It Matters

This filing indicates a complete exit by Cowen Financial Products LLC from Green Thumb Industries, which could be interpreted as a lack of confidence or a strategic portfolio reallocation by a notable institutional investor.

Risk Assessment

Risk Level: medium — The complete divestment by an institutional investor could signal potential concerns or a shift in market sentiment, posing a moderate risk to current or prospective shareholders.

Analyst Insight

Investors should investigate the reasons behind Cowen Financial Products LLC's complete divestment from Green Thumb Industries Inc. and consider if these factors could impact their own investment thesis for the stock.

Key Numbers

• 0 — Aggregate Amount Beneficially Owned (Cowen Financial Products LLC now owns zero shares of Green Thumb Industries Inc.)
• 39342L108 — CUSIP Number (Identifies Green Thumb Industries Inc. Common Stock)

Key Players & Entities

• Cowen Financial Products LLC (company) — the reporting person that filed the SC 13G/A
• Green Thumb Industries Inc. (company) — the subject company whose common stock was held
• December 29, 2023 (date) — the date of the event requiring the filing
• February 2, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Other institutional investors may re-evaluate their positions in Green Thumb Industries Inc. following Cowen Financial Products LLC's complete divestment. (Green Thumb Industries Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• gtbifa3_20224.htm (SC 13G/A) — 25KB
• 0001085146-24-000645.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: Green Thumb Industries Inc.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 325 West Huron St. Suite 700 Chicago, IL 60654

(a)

ITEM 2(a). NAME OF PERSON FILING: Cowen Financial Products LLC

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 599 Lexington Ave. New York, NY 10022

(c)

ITEM 2(c). CITIZENSHIP: USA

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock

(e)

ITEM 2(e). CUSIP NUMBER: 39342L108 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 0 (b) Percent of class: 0 (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Cowen Financial Products LLC : 0 (ii) shared power to vote or to direct the vote: Cowen Financial Products LLC : (iii) sole power to dispose or direct the disposition of: Cowen Financial Products LLC : 0 (iv) shared power to dispose or to direct the disposition of: Cowen Financial Products LLC : ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting pers

View Full Filing

View this SC 13G/A filing on SEC EDGAR