RYM News & Analysis

Green Thumb Industries (GTBIF) Reports Continuous Profitability Since 2020

Green Thumb Industries (OTC: GTBIF) has demonstrated GAAP profitability since 2020, positioning itself favorably among multistate operators (MSOs) as it renegotiated a licensing deal with Rythm (NASDAQ: RYM) to a flat fee structure. This change affords GTBIF greater operating leverage and potential for increased earnings growth. The company is also set to operate in Texas' newly legalized medical cannabis market, enhancing future revenue opportunities. Additionally, GTBIF has raised its stock repurchase plan ceiling by $100 million, representing around 6% of its total share count, despite a forward P/E ratio of 38.8.