Green Thumb Industries

Marijuana multistate operators set to capitalize on new markets, but small firms face hurdles

Get insights on cannabis investing and what the post-election investment climate looks like during the Investor Intelligence Conference portion of MJBizCon’s Passholder Days on Thursday, Nov. 12. (The graphic above has been corrected to reflect that Acreage Holdings has a cultivation/processing operation in Pennsylvania but no retail locations and that Harvest Health & Recreation has […]

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Marijuana MSO Green Thumb faces trademark lawsuit over edibles brand

Chicago-based multistate marijuana operator Green Thumb Industries (GTI) is being sued over its “Incredibles” cannabis edibles brand by Edible Arrangements, a franchisor of stores that sell bouquet-shaped fruit baskets. Edible Arrangements claims GTI’s Incredibles brand infringes upon its numerous federally registered trademarks, including “Edible” and “Incredible Edible,” according to a complaint filed Wednesday in the […]

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Green Thumb’s sale-leaseback cannabis deal in Ohio valued at $32.2M

Marijuana multistate operator Green Thumb Industries announced an amended sale-leaseback deal valued at up to $32.2 million for a facility in Ohio, reflecting a further loosening of capital – especially for expansion in fast-growing markets. The transaction with San Diego-based Innovative Industrial Properties calls for $25 million in additional funding from the initial agreement to […]

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Curaleaf rises to the top of US marijuana industry with footprint covering about two dozen states

Massachusetts-based Curaleaf has become one of the largest multistate cannabis operators in the United States by adopting a broad-market approach – with scores of cultivation, processing and dispensary facilities now stretching across 23 states. The diversified approach comes at a time when other multistate operators have retrenched and refocused operations, in part to conserve cash […]

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Cannabis MSO Green Thumb seeks to raise $150 million through stock sale

Chicago-based marijuana multistate operator Green Thumb Industries wants to raise about $150 million through the sale of 10 million shares of stock, according to a regulatory filing made with the U.S. Securities and Exchange Commission. Green Thumb said Friday in its prospectus that it would use the proceeds to increase its capitalization and financial flexibility, […]

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Green Thumb motion nixed as AR cannabis licensing dispute continues

Illinois-based Green Thumb Industries suffered a temporary setback in its effort to win a medical marijuana license in Arkansas when a judge denied the multistate operator’s request for a preliminary injunction to stop the issuance of a permit to another business. Pulaski County Circuit Judge Mary McGowan previously had issued a temporary restraining order against […]

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Green Thumb wins initial victory in Arkansas cannabis licensing dispute

Green Thumb Industries was awarded a temporary restraining order by an Arkansas judge in the company’s quest to overturn the issuance of a marijuana business permit to a competitor. Pulaski County Circuit Court Judge Mary McGowan granted the TRO requested by Green Thumb Industries (GTI) against the Arkansas Medical Marijuana Commission, according to Law360.com. The […]

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Green Thumb sues Arkansas over medical cannabis licensing

Multistate marijuana company Green Thumb Industries’ division in Arkansas is suing the state for allowing a medical cannabis business there to receive a second MMJ dispensary license. According to Law360.com, GTI Arkansas contends the language of Amendment 98 – which legalized MMJ sales in the state – stipulates that “no individual can own an interest […]

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Marijuana MSO execs pinpoint state markets they’re least bullish on – and those they’re eyeing for the future

This is the second installment of a two-part series in which top executives from multistate operators discuss the state-legal marijuana markets they like the most and the least. The first installment can be viewed here. Executives’ comments have been edited for length and clarity. (Click on the orange arrows to advance the slideshow.)

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Why some marijuana MSOs are prospering during tough times

A number of multistate marijuana operators are struggling, unloading assets, cutting jobs and overhead costs as well as scrapping expansion plans amid a looming recession and a shortage of investor funding. But other MSOs are doing well financially: Cresco Labs, Curaleaf, Green Thumb Industries and Trulieve, among others. What makes a successful MSO these days […]

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