Green Thumb Industries Q1 2024 10-Q Filed
Ticker: GTBIF · Form: 10-Q · Filed: 2024-05-09T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, cannabis, financials, retail
TL;DR
**GTI Q1 24 10-Q is IN! Financials and Retail Segment updates.**
AI Summary
Green Thumb Industries Inc. filed its 10-Q for the period ending March 31, 2024. The filing details financial performance and operational updates for the first quarter of 2024. Key financial data and segment performance, particularly within the Retail Segment, are presented. The company's financial position, including assets and liabilities, is outlined.
Why It Matters
This filing provides investors with the latest financial results and operational status of Green Thumb Industries, a significant player in the cannabis industry, impacting investment decisions.
Risk Assessment
Risk Level: medium — As a cannabis company, Green Thumb Industries operates in a highly regulated and evolving industry, presenting inherent risks.
Key Numbers
- 2024-03-31 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
- 2023-03-31 — Prior Year Comparison Date (Used for comparing financial performance year-over-year.)
- 2023-12-31 — Previous Quarter End Date (Used for sequential quarter-over-quarter comparisons.)
Key Players & Entities
- Green Thumb Industries Inc. (company) — Filer of the 10-Q
- 20240331 (date) — End of the reporting period
- 325 WEST HURON STREET SUITE 700 CHICAGO IL 60654 (address) — Company's business and mailing address
- 312-471-6720 (phone_number) — Company's business phone number
- Retail Segment (business_segment) — Key operating segment mentioned
FAQ
What was Green Thumb Industries' revenue for the first quarter of 2024?
The provided text does not explicitly state the revenue figures for Q1 2024. It mentions the reporting period ending March 31, 2024, and references segment performance but lacks specific dollar amounts for revenue.
Did Green Thumb Industries experience profitability in the first quarter of 2024?
The filing mentions 'us-gaap:RetainedEarningsMember' for March 31, 2024, but does not provide specific net income or loss figures for the first quarter of 2024.
What is the company's primary SIC code?
The company's Standard Industrial Classification (SIC) code is 0100, which corresponds to AGRICULTURE PRODUCTION - CROPS.
What types of warrants are mentioned in the filing?
The filing mentions 'gtbif:EquityClassifiedWarrantMember', 'gtbif:PrivatePlacementRefinancingWarrants1Member', 'gtbif:LiabilityClassifiedWarrantMember', and 'gtbif:ModificationWarrantsMember'.
What is the company's filing history with the SEC?
Green Thumb Industries Inc. has a SEC file number of 000-56132 and this filing is a 10-Q, filed under the 1934 Act.
From the Filing
0000950170-24-056173.txt : 20240509 0000950170-24-056173.hdr.sgml : 20240509 20240509060441 ACCESSION NUMBER: 0000950170-24-056173 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 89 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240509 DATE AS OF CHANGE: 20240509 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-56132 FILM NUMBER: 24928339 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-Q 1 gtbif-20240331.htm 10-Q 10-Q Q1 false --12-31 0001795139 0001795139 gtbif:SubordinateVotingSharesMember 2024-03-31 0001795139 us-gaap:FairValueInputsLevel1Member 2023-01-01 2023-03-31 0001795139 gtbif:DeferredShareIssuanceMember 2023-01-01 2023-03-31 0001795139 us-gaap:FurnitureAndFixturesMember 2023-12-31 0001795139 gtbif:EquityClassifiedWarrantMember gtbif:PrivatePlacementRefinancingWarrants1Member 2024-01-01 2024-03-31 0001795139 gtbif:LiabilityClassifiedWarrantMember gtbif:ModificationWarrantsMember 2024-01-01 2024-03-31 0001795139 us-gaap:FairValueInputsLevel1Member 2023-12-31 0001795139 gtbif:PrivatePlacementRefinancingWarrantsMember gtbif:EquityClassifiedWarrantMember 2024-03-31 0001795139 2023-03-31 0001795139 gtbif:PrivatePlacementDebtAprilThirtyTwoThousandTwentyOneMember 2023-12-31 0001795139 us-gaap:CustomerRelationshipsMember 2023-12-31 0001795139 us-gaap:OperatingSegmentsMember gtbif:RetailSegmentMember 2023-01-01 2023-03-31 0001795139 us-gaap:RetainedEarningsMember 2024-03-31 0001795139 gtbif:LiabilityClassifiedWarrantMember srt:MaximumMember us-gaap:MeasurementInputPriceVolatilityMember 2023-12-31 0001795139 gtbif:EquityClassifiedWarrantMember 2023-12-31 0001795139 gtbif:DispensaryMortgageWarrantsMember gtbif:EquityClassifiedWarrantMember 2024-01-01 2024-03-31 0001795139 us-gaap:EquityMethodInvestmentsMember 2024-01-01 2024-03-31 0001795139 srt:MaximumMember gtbif:MortgageNotesMember 2023-12-31 0001795139 gtbif:ShareCapitalMember gtbif:SubordinateVotingSharesMember 2023-12-31 0001795139 gtbif:LiabilityClassifiedWarrantMember 2023-12-31 0001795139 gtbif:RepurchaseOfSubordinateVotingSharesMember 2024-01-01 2024-03-31 0001795139 gtbif:NonCompetitionAgreementMember 2023-12-31 0001795139 gtbif:PrivatePlacementDebtAprilThirtyTwoThousandTwentyOneMember 2024-03-31 0001795139 gtbif:MultipleVotingSharesMember 2024-03-31 0001795139 us-gaap:NotesReceivableMember 2023-01-01 2023-03-31 0001795139 gtbif:AcquiredDebtMember 2024-03-31 0001795139 gtbif:LicensesAndPermitsMember 2024-03-31 0001795139 gtbif:ThirdPartyMember 2024-03-31 0001795139 gtbif:ConsumerPackagedGoodsSegmentMember us-gaap:OperatingSegmentsMember 2023-12-31 0001795139 gtbif:CannabisCompaniesMember 2024-03-31 0001795139 us-gaap:FairValueInputsLevel3Member gtbif:FinancialInstrumentsMember 2023-12-31 0001795139 us-gaap:RetainedEarningsMember 2023-12-31 0001795139 gtbif:ShareCapitalMember gtbif:SubordinateVotingSharesMember 2024-03-31 0001795139 us-gaap:FairValueInputsLevel1Member us-gaap:NotesReceivableMember 2024-03-31 0001795139 gtbif:RepurchaseOfSubordinateVotingSharesMember 2023-09-05 0001795139 gtbif:LiabilityClassifiedWarrantMember 2024-01-01 2024-03-31 0001795139 us-gaap:NotesReceivableMember 2024-01-09 0001795139 gtbif:SuperVotingSharesMember gtbif:ConversionOfSuperVotingSharesMember 2024-01-01 2024-03-31 0001795139 us-gaap:FairValueInputsLevel3Member 2024-03-31 0001795139 gtbif:SuperVotingSharesMember 2024-01-01 2024-03-31 0001795139 srt:MinimumMember 2023-01-01 2023-12-31 0001795139 gtbif:DispensaryMortgageWarrantsMember gtbif:EquityClassifiedWarrantMember 2023-12-31 0001795139 gtbif:Contribut