Cowen Financial Products Divests Entire Green Thumb Industries Stake

Ticker: GTBIF · Form: SC 13G/A · Filed: 2024-02-02T00:00:00.000Z

Sentiment: bearish

Topics: institutional-ownership, divestment, amendment, cannabis

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

Key Players & Entities

Forward-Looking Statements

FAQ

What is the primary purpose of this SC 13G/A filing?

The primary purpose of this SC 13G/A filing is for Cowen Financial Products LLC to report an amendment to their beneficial ownership of Green Thumb Industries Inc. common stock, specifically indicating a complete divestment of their holdings as of December 29, 2023.

Which entity filed this amendment and for which company's stock?

Cowen Financial Products LLC filed this amendment regarding the common stock of Green Thumb Industries Inc.

What was the beneficial ownership percentage reported by Cowen Financial Products LLC in this filing?

The filing indicates that Cowen Financial Products LLC now beneficially owns 0 shares, meaning their aggregate beneficial ownership is 0% of Green Thumb Industries Inc. common stock.

What was the 'Date of Event which Requires Filing of this Statement'?

The 'Date of Event which Requires Filing of this Statement' was December 29, 2023, as stated in the filing.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(c), as indicated by the 'X' in the appropriate box on the cover page.

From the Filing

0001085146-24-000645.txt : 20240202 0001085146-24-000645.hdr.sgml : 20240202 20240202122649 ACCESSION NUMBER: 0001085146-24-000645 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240202 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Green Thumb Industries Inc. CENTRAL INDEX KEY: 0001795139 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 981437430 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-92220 FILM NUMBER: 24589652 BUSINESS ADDRESS: STREET 1: 325 WEST HURON STREET STREET 2: SUITE 700 CITY: CHICAGO STATE: IL ZIP: 60654 BUSINESS PHONE: 312-471-6720 MAIL ADDRESS: STREET 1: 325 WEST HURON STREET STREET 2: SUITE 700 CITY: CHICAGO STATE: IL ZIP: 60654 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Cowen Financial Products LLC CENTRAL INDEX KEY: 0001771015 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 599 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 6465621000 MAIL ADDRESS: STREET 1: 599 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 gtbifa3_20224.htm COWEN FINANCIAL PRODUCTS LLC gtbifa3_20224.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* Green Thumb Industries Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 39342L108 (CUSIP Number) December 29, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see Instructions). CUSIP No.: 39342L108 1 NAME OF REPORTING PERSON Cowen Financial Products LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 27-0423711 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0 12 TYPE OF REPORTING PERSON Passive Investor CUSIP No.: 39342L108 ITEM 1(a). NAME OF ISSUER: Green Thumb Industries Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 325 West Huron St. Suite 700 Chicago, IL 60654 ITEM 2(a). NAME OF PERSON FILING: Cowen Financial Products LLC ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 599 Lexington Ave. New York, NY 10022 ITEM 2(c). CITIZENSHIP: USA ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock 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

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