Green Thumb Industries: Cannabis growing company that produces and sells various products for customers through dispensaries.

The company generates most of its sales through products which are completely unrelated to cannabis.
However, they have been expanding in to the cannabis industry since 2018 to take advantage of its rapidly-growing popularity.

The “RISE Express” stores will offer you patients an array of branded cannabis products including premium flower, pre-rolled joints, vapes, gummies along with other marijuana-infused edibles.
Through the exclusive agreement, Green Thumb can lease space from Circle K in Florida, where the retailer currently operates approximately 600 locations.
The “RISE Express” stores will offer you patients an array of branded cannabis products including RYTHM premium flower, Dogwalkers pre-rolls, incredibles gummies and &Shine vapes.
Total revenue for the third quarter of 2022 was $261.2 million, up 2.7% sequentially and up 11.8% from $233.7 million in the last year period.

From careful cultivation to consistent distribution, they provide a portfolio of brands thoughtfully made for every patient.
Cresco products provide safe, consistent, and trusted alternatives to traditional pharmaceuticals like opioids.
In March 2020, the planet Health Organization categorized coronavirus disease 2019 (together with its variants, “COVID-19”) as a global pandemic.
COVID-19 continues to spread throughout the U.S. along with other countries across the world, and the duration and severity of its effects are currently unknown.

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Acreage also owns Universal Hemp, LLC, a hemp subsidiary dedicated to the distribution, marketing and sale of CBD products through the entire U.S.
Since its founding in 2011, Acreage has centered on building and scaling operations to create a ‎seamless, consumer-focused, branded experience.
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To do this, the company unites data-driven analytics and leading horticulture techniques in its cultivation facilities; creates consistent and potent products; and provides consumer-focused, award-winning service within their 21 Rise retail stores.

The Company continues to implement and evaluate actions to strengthen its budget and support the continuity of its business and operations.
EBITDA for the initial quarter 2022 was $77.5 million or 32% of revenue in comparison to $66.5 million or 34% of revenue for the same period in the prior year.
The decrease in Adjusted Operating EBITDA largely reflected inflation on raw material inputs and additional compensation for talent through the entire organization.

Shareholders may also be well aligned with Mr. Kovler who owns more than 10% of the shares outstanding.
The management team is extremely focused on growing the business smartly (i.e. leaning into limited license markets where they are able to scale), that ought to bode well for the long-term.
Cannabis consumer packaged goods alongside those made by third-parties.
Its in-house brands include Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm, and The Feel Collection.
GTBIF offers customers cannabis products across a wide swath of form factors including flower, pre-rolls, vapes, edibles, and concentrates.
In the 3rd quarter of 2022, EBITDA was $73.3 million or 28.1% of revenue versus $75.2 million or 32.2% of revenue for the comparable period.

this role, Rebecca works together with lawmakers and other stakeholders on medical and adult-use cannabis legislation while supporting market expansion projects across the company.
Rachel has spent days gone by 20 years as a reliable business partner in both high growth and downsizing organizational environments, leading teams, motivating employees, and driving business results.
Previously Rachel held various roles with strategic and tactical recruiting management oversight at GE Capital.
Rachel’s regions of expertise include executive coaching, talent management, change management, employee engagement, and HR compliance.
As of the end of November, it operated 180 dispensaries and had a presence, whether retail, processing, or cultivation, in 11 states.
But it is the company’s pathway to expansion that basically stands out as unique.

About Green Thumb Industries

These sale-leaseback agreements put cash in to the hands of multistate operators that might otherwise have limited usage of basic banking services.
But a large down year for weed stocks could be the green light investors have been waiting for.
Research firm BDSA is still estimating that global cannabis sales will nearly double from $30 billion in 2021 to $57 billion by 2026, with the U.S. accounting for roughly three-quarters of the $57 billion.
With consumers treating cannabis as a nondiscretionary good and purchasing pot products even in the face of high inflation and a weaker economic outlook, it may be a smart industry to purchase through the ongoing bear market.
New Jersey doled out licenses for sale of recreational pot to existing medical cannabis operators, including Green Thumb, in April.

• By September 30, 2022, current assets were $318.6 million, including cash and cash equivalents of $147.3 million.
• Founded in 2012, Zinc8 Energy Solutions has assembled an experienced team of professional engineers, scientists and business managers to execute the development and commercialization of a dependable low-cost zinc-air battery…
• The company operates over 500 cannabis stock-keeping units and is constantly updating its product line with new offerings.
• While nearly all states that legalized cannabis deemed cannabis an “essential service” in the first days of the pandemic, this may change.

Cresco Labs is really a vertically integrated recreational and medical marijuana company that operates across nine states in america.
The company made aggressive plans in 2020 to expand its operations and sales into more states, acquiring two Pennsylvania cannabis cultivation companies and a processor permit in West Virginia.
Trulieve also possesses medical marijuana licenses in California, Massachusetts, and Connecticut and operates 71 retail locations across the United States.
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medical dispensaries adjacent to Circle K locations in Florida.
Looking ahead, our focus remains on execution, maintaining a strong balance sheet and making strategic investments in markets which will generate strong returns for the stakeholders over time,” concluded Kovler.
Ben Kovler brings his extensive experience managing complex operating companies and his deep commitment to philanthropy as Founder, CEO and Chairman of Green Thumb.
Ben founded GTI in 2014 and contains successfully grown it right into a leading national cannabis consumer packaged goods company and retailer.