Green Thumb Industries Enters Material Agreement

TL;DR

GTI just signed a big deal, check the 8-K for details on new financial obligations.

AI Summary

Green Thumb Industries Inc. entered into a material definitive agreement on September 11, 2024. This filing also involves the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. The report includes information related to Regulation FD Disclosure and Financial Statements and Exhibits.

Why It Matters

This filing indicates a significant new agreement for Green Thumb Industries, potentially impacting its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial and operational risks.

Key Players & Entities

• Green Thumb Industries Inc. (company) — Registrant
• September 11, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001193125-24-218943.txt : 20240913 0001193125-24-218943.hdr.sgml : 20240913 20240913170101 ACCESSION NUMBER: 0001193125-24-218943 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240911 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240913 DATE AS OF CHANGE: 20240913 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-56132 FILM NUMBER: 241298489 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 8-K 1 d877176d8k.htm 8-K 8-K 0001795139 false 0001795139 2024-09-11 2024-09-11     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549     FORM 8-K     CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) September 11, 2024     GREEN THUMB INDUSTRIES INC. (Exact name of registrant as specified in its charter)       British Columbia   000-56132   98-1437430 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) 325 West Huron Street , Suite 700 Chicago , Illinois 60654 (Address of principal executive offices including zip code) ( 312 ) 563-5600 (Registrant’s telephone number including area code)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol   Name of exchange on which registered N/A     Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐       Item 1.01. Entry into a Material Definitive Agreement. On September 11, 2024, certain subsidiaries of Green Thumb Industries Inc., a British Columbia corporation (the “Company”) entered into the Credit Agreement (the “Credit Agreement”), by and among GTI23, Inc., a Delaware corporation and a subsidiary of the Company (“Borrower”), and certain other subsidiaries of the Company as the Guarantors, the lenders party thereto, and Valley National Bank, a national banking association, in its capacity as agent for the lenders, pursuant