Green Thumb reports increased cannabis revenue on net quarter loss

Green Thumb Industries (GTI), a vertically integrated, multistate marijuana company based in Chicago, on Wednesday reported revenue of $44.7 million for the second quarter, up 228% from the same period a year ago.

Net loss for the quarter, ending June 30, was $22.2 million, compared with a net loss of $9.7 million in the first quarter of the year.

GTI trades on the Canadian Securities Exchange under the ticker symbol GTII.

More details about the quarterly results can be found here.

For analysis and in-depth looks at the investment trends and deals driving the cannabis industry forward, sign up for our premium subscription service, Investor Intelligence.

Leave a Reply

Your email address will not be published. Required fields are marked *