Green Thumb Industries Files 2023 10-K

Ticker: GTBIF · Form: 10-K · Filed: 2024-02-29T00:00:00.000Z

Sentiment: neutral

Topics: 10-K, cannabis, financials

TL;DR

GTI's 2023 10-K is in. Full year financials and biz ops details released.

AI Summary

Green Thumb Industries Inc. filed its 2023 10-K report on February 29, 2024, detailing its financial performance and business operations for the fiscal year ending December 31, 2023. The company, operating in the cannabis industry, reported on its various subsidiaries and investments, including those in Illinois and Nevada. Key financial data and operational details are presented within the filing.

Why It Matters

This filing provides investors and the public with a comprehensive overview of Green Thumb Industries' financial health, operational strategies, and potential risks for the 2023 fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The company operates in the highly regulated and evolving cannabis industry, which presents inherent risks and uncertainties.

Key Numbers

2023-12-31 — Fiscal Year End (The end date for the financial reporting period covered by the 10-K.)
2024-02-29 — Filing Date (The date the 10-K was officially submitted to the SEC.)

Key Players & Entities

Green Thumb Industries Inc. (company) — Filer of the 10-K report
2023-12-31 (date) — End of the reporting fiscal year
2024-02-29 (date) — Filing date of the 10-K
Dharma Pharmaceuticals LLC (company) — Mentioned in relation to maximum values and the 2023 fiscal year
Integral Associates LLC (company) — Mentioned in relation to consolidation eliminations and Nevada (NV)
GTI Clinic Illinois Holdings LLC (company) — Mentioned in relation to consolidation eliminations and Illinois (IL)
Leafline Industries (company) — Mentioned in relation to the 2022 fiscal year

FAQ

What is the primary business of Green Thumb Industries Inc. as indicated by its SIC code?

Green Thumb Industries Inc.'s Standard Industrial Classification (SIC) code is 0100, which corresponds to Agriculture Production - Crops.

When did Green Thumb Industries Inc. file its 10-K report for the fiscal year ending December 31, 2023?

The 10-K report was filed on February 29, 2024.

Which subsidiaries or entities are specifically mentioned in relation to consolidation eliminations for the 2023 fiscal year?

Integral Associates LLC (NV) and GTI Clinic Illinois Holdings LLC (IL) are mentioned in relation to consolidation eliminations for the 2023 fiscal year.

What is the business address of Green Thumb Industries Inc.?

The business address is 325 West Huron Street, Suite 700, Chicago, IL 60654.

Are there any specific mentions of 'Share Capital' and associated entities or dates?

Yes, 'Share Capital' is mentioned in relation to 'For Success Holding Company' for dates 2020-12-31 and 2021-12-31, and also in relation to 'Multiple Voting Shares' for 2023-12-31.

From the Filing

0000950170-24-022653.txt : 20240229 0000950170-24-022653.hdr.sgml : 20240229 20240229074810 ACCESSION NUMBER: 0000950170-24-022653 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 111 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 FILER: 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: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-56132 FILM NUMBER: 24698913 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 10-K 1 gtbif-20231231.htm 10-K 10-K FY --12-31 false 0001795139 0001795139 us-gaap:FairValueInputsLevel1Member us-gaap:NotesReceivableMember 2023-12-31 0001795139 srt:MinimumMember 2023-01-01 2023-12-31 0001795139 gtbif:IntegralAssociatesLlcMember srt:ConsolidationEliminationsMember stpr:NV 2023-01-01 2023-12-31 0001795139 us-gaap:EquityMethodInvestmentsMember 2022-01-01 2022-12-31 0001795139 gtbif:CannabisCompaniesMember 2023-12-31 0001795139 gtbif:NonCompetitionAgreementMember 2023-12-31 0001795139 srt:MaximumMember gtbif:DharmaPharmaceuticalsLlcMember 2023-01-01 2023-12-31 0001795139 gtbif:ShareCapitalMember gtbif:ForSuccessHoldingCompanyMember 2020-12-31 0001795139 2021-12-31 0001795139 gtbif:ShareCapitalMember gtbif:MultipleVotingSharesMember 2023-12-31 0001795139 gtbif:LeaflineIndustriesMember 2022-12-31 0001795139 gtbif:FebruaryTwentyThreeTwoThousandTwentyOneMember gtbif:SubordinateVotingSharesMember 2021-02-23 2021-02-23 0001795139 gtbif:GtiClinicIllinoisHoldingsLlcMember srt:ConsolidationEliminationsMember stpr:IL 2023-12-31 0001795139 gtbif:DharmaPharmaceuticalsLlcMember 2022-12-31 0001795139 srt:ConsolidationEliminationsMember gtbif:VcpRealEstateHoldingsLlcMember stpr:DE 2023-12-31 0001795139 gtbif:ConversionOfMultipleVotingSharesMember gtbif:SubordinateVotingSharesMember 2023-01-01 2023-12-31 0001795139 gtbif:DeferredShareIssuanceMember 2021-01-01 2021-12-31 0001795139 gtbif:LiabilityClassifiedWarrantMember gtbif:PrivatePlacementFinancingWarrantsMember 2023-01-01 2023-12-31 0001795139 gtbif:PrivatePlacementRefinancingWarrantsMember us-gaap:MeasurementInputExpectedTermMember gtbif:EquityClassifiedWarrantMember 2023-01-01 2023-12-31 0001795139 gtbif:DispensaryMortgageWarrantsMember us-gaap:MeasurementInputPriceVolatilityMember gtbif:EquityClassifiedWarrantMember 2023-12-31 0001795139 stpr:CT srt:ConsolidationEliminationsMember gtbif:AdvancedGrowLabsLlcMember 2023-01-01 2023-12-31 0001795139 gtbif:IntegralAssociatesLlcMember srt:ConsolidationEliminationsMember stpr:NV 2023-12-31 0001795139 2022-01-01 2022-03-31 0001795139 gtbif:RetailSegmentMember 2023-01-01 2023-12-31 0001795139 us-gaap:RestrictedStockUnitsRSUMember 2023-01-01 2023-12-31 0001795139 us-gaap:FairValueInputsLevel3Member us-gaap:NotesReceivableMember srt:MinimumMember 2023-01-01 2023-12-31 0001795139 gtbif:PrivatePlacementRefinancingWarrantsMember gtbif:EquityClassifiedWarrantMember 2023-01-01 2023-12-31 0001795139 us-gaap:FairValueInputsLevel3Member us-gaap:NotesReceivableMember srt:MinimumMember 2022-01-01 2022-12-31 0001795139 gtbif:DharmaPharmaceuticalsLlcMember 2021-08-16 2021-08-16 0001795139 gtbif:ShareCapitalMember gtbif:ForSuccessHoldingCompanyMember 2021-01-01 2021-12-31 0001795139 gtbif:ShareCapitalMember gtbif:DharmaPharmaceuticalsMember 2022-12-31 0001795139 gtbif:MultipleConvertedVotingSharesMember 2023-01-01 2023-12-31 0001795139 us-gaap:NoncontrollingInterestMember 2020-12-31 0001795139 gtbif:ShareCapitalMember gtbif:SubordinateVotingSharesMember 2022-01-01 2022-12-31 0001795139 us-gaap:FurnitureAndFixturesMember 2023-12-31 0001795139 gtbif:DharmaPharmaceuticalsLlcMember 2024-02-09