Green Thumb Industries Reports Second Quarter 2020 Results
- Total revenue of $119.6 million increased 16.6% quarter-over-quarter and 167.5% year-over-year
- First half 2020 revenue of $222.2 million exceeds full year 2019 revenue
- Growth in revenue and free cash flow from operations driven by increased scale and operating leverage in the Consumer Packaged Goods and Retail businesses
- Continued strong demand and market dynamics despite COVID-19 environment
CHICAGO and VANCOUVER, British Columbia, Aug. 12, 2020 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb,” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today reported its financial results for the second quarter ended June 30, 2020. Financial results are reported in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and all currency is in U.S. dollars.
