Cannabis Giant Green Thumb To Report Q3 Results, Here's What Investors Should Watch For
Cannabis consumer packaged goods company Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) and owner of RISE Dispensaries, announced on Thursday it will release third quarter 2024 financial results after the market closes on Nov.7, 2024. A conference call and audio webcast will be held on the same day at 5:00 pm Eastern Time to discuss the results and answer any questions. The company said in its second-quarter earnings report made public in early August – which revealed an 11% year-over-year increase in revenue to $280 million - that the company will continue strengthening its position in the U.S. cannabis market, focusing on operational efficiency, market expansion, and long-term value creation for shareholders.Headquartered in Chicago, Illinois, Green Thumb recently announced a $50 million share repurchase program, that commenced on Sept 23. The news came on the heels of the company's announcement that it has closed on a $150 million five-year syndicated credit facility led by Valley National Bank, the principal subsidiary of Valley National Bancorp.
