Green Thumb Industries Files Q1 2025 10-Q
Ticker: GTBIF · Form: 10-Q · Filed: 2025-05-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, litigation, credit-facility
TL;DR
GTII filed its Q1 2025 10-Q. Financials and operations update.
AI Summary
Green Thumb Industries Inc. filed its 10-Q for the period ending March 31, 2025. The filing details financial information and business operations, including references to share capital, pending litigation, and credit facilities. The company is based in Chicago, IL, with its principal executive offices at 325 West Huron Street, Suite 700.
Why It Matters
This filing provides investors and stakeholders with an update on Green Thumb Industries' financial health and operational status for the first quarter of 2025.
Risk Assessment
Risk Level: medium — The filing mentions pending litigation and credit facilities, which can indicate potential financial or operational risks.
Key Numbers
- 20250331 — Period End Date (The filing covers financial data up to this date.)
- 20250508 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Green Thumb Industries Inc. (company) — Filer
- 0000950170-25-066295 (other) — Accession Number
- 20250331 (date) — Period of Report
- 20250508 (date) — Filed as of Date
- 312-471-6720 (other) — Business Phone
- Agrify Corporation (company) — Mentioned entity
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is March 31, 2025.
What is the company's name and Central Index Key (CIK)?
The company's name is Green Thumb Industries Inc., and its CIK is 0001795139.
What is the business address of Green Thumb Industries Inc.?
The business address is 325 West Huron Street, Suite 700, Chicago, IL 60654.
Does the filing mention any litigation?
Yes, the filing references 'PendingLitigationMember' for the periods 2024-01-01 to 2024-12-31 and 2025-01-01 to 2025-03-31.
Are there any mentions of credit facilities?
Yes, the filing includes a reference to 'CreditFacilityMember' as of March 31, 2025.
From the Filing
0000950170-25-066295.txt : 20250508 0000950170-25-066295.hdr.sgml : 20250508 20250508060128 ACCESSION NUMBER: 0000950170-25-066295 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 86 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 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 EIN: 981437430 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-56132 FILM NUMBER: 25923621 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-20250331.htm 10-Q 10-Q --12-31 false 0001795139 Q1 http://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMember 0001795139 gtbif:AgrifyCorporationMember 2024-11-05 2024-11-05 0001795139 gtbif:SubordinateVotingSharesMember 2024-01-01 2024-12-31 0001795139 gtbif:ShareCapitalMember 2024-01-01 2024-03-31 0001795139 gtbif:SubordinateVotingSharesMember gtbif:ShareCapitalMember 2024-12-31 0001795139 gtbif:MultipleConvertedVotingSharesMember 2025-01-01 2025-03-31 0001795139 gtbif:ThirdPartyMember 2025-03-31 0001795139 us-gaap:PendingLitigationMember 2024-01-01 2024-12-31 0001795139 gtbif:FinancialInstrumentsMember 2024-12-31 0001795139 us-gaap:RelatedPartyMember 2025-03-31 0001795139 gtbif:ContributedSurplusMember 2025-01-01 2025-03-31 0001795139 gtbif:DeferredShareIssuanceMember 2025-01-01 2025-03-31 0001795139 us-gaap:PendingLitigationMember 2025-01-01 2025-03-31 0001795139 us-gaap:AssetUnderConstructionMember 2025-03-31 0001795139 gtbif:CreditFacilityMember 2025-03-31 0001795139 gtbif:ShareCapitalMember 2024-12-31 0001795139 2024-03-31 0001795139 gtbif:MultipleVotingSharesMember 2025-01-01 2025-03-31 0001795139 us-gaap:EmployeeStockOptionMember 2025-01-01 2025-03-31 0001795139 us-gaap:NotesReceivableMember us-gaap:FairValueInputsLevel1Member 2023-12-31 0001795139 gtbif:ContributedSurplusMember 2023-12-31 0001795139 us-gaap:FairValueInputsLevel3Member us-gaap:NotesReceivableMember 2024-12-31 0001795139 gtbif:FinancialInstrumentsMember 2025-03-31 0001795139 gtbif:LicensesAndPermitsMember 2024-12-31 0001795139 gtbif:ConsumerPackagedGoodsSegmentMember 2025-03-31 0001795139 us-gaap:RestrictedStockUnitsRSUMember 2024-01-01 2024-03-31 0001795139 gtbif:MobleyPainManagementAndWellnessCenterLlcAndCanwellProcessingMember gtbif:ShareCapitalMember 2023-12-31 0001795139 us-gaap:OperatingSegmentsMember gtbif:ConsumerPackagedGoodsSegmentMember 2024-01-01 2024-03-31 0001795139 us-gaap:CostOfSalesMember 2024-01-01 2024-03-31 0001795139 us-gaap:FairValueInputsLevel1Member 2023-12-31 0001795139 gtbif:SyndicatedCreditFacilitySeptemberElevenTwoThousandTwentyFourMember 2024-12-31 0001795139 us-gaap:RestrictedStockUnitsRSUMember 2025-01-01 2025-03-31 0001795139 us-gaap:NotesReceivableMember 2025-01-01 2025-03-31 0001795139 gtbif:MortgageNotesMember srt:MinimumMember 2024-12-31 0001795139 2025-01-01 2025-03-31 0001795139 us-gaap:NotesReceivableMember 2024-01-09 0001795139 srt:MinimumMember 2024-01-01 2024-12-31 0001795139 us-gaap:CommonStockMember 2023-12-31 0001795139 2023-12-31 0001795139 gtbif:ShareCapitalMember gtbif:LeaflineIndustrieMember 2023-12-31 0001795139 us-gaap:OperatingSegmentsMember gtbif:ConsumerPackagedGoodsSegmentMember 2024-12-31 0001795139 us-gaap:EquityMethodInvestmentsMember 2024-01-01 2024-03-31 0001795139 us-gaap:LandImprovementsMember 2025-03-31 0001795139 us-gaap:OtherIntangibleAssetsMember 2024-12-31 0001795139 gtbif:AgrifyCorporationMember 2025-01-01 2025-03-31 0001795139 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001795139 us-gaap:LeaseholdImprovementsMember 2024-03-31 0001795139 gtbif:ShareCapitalMember gtbif:MultipleVotingSharesMember 2025-