Green Thumb Industries Inc. (OTCQX: GTBIF) (CSE:GTII) 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 prior year period.
Those investors who added marijuana-focused Real Estate Investment Trust – Innovative Industrial Properties (NYSE: IIPR) to their portfolios some five years ago, must be really pleased with their return on the investment.
Nine of the ten largest debt raises ever completed for U.S. Cultivation & Retail companies were closed in 2021 and, to a much lesser extent, YTD 2022. Over $3.8B of debt was sold over this period, far more than in any similar period in U.S. Cannabis history.
Investors should be paying close attention to the efforts of MSOs to extend or refinance their upcoming debt maturities.
Multi-state cannabis operator Green Thumb Industries Inc. (OTC: GTBIF) teamed up with Alimentation Couche-Tard (OTCMKTS: ANCTF) Circle K Stores, an American chain of convenience stores.