Green Thumb Industries

Green Thumb buys Massachusetts medical marijuana operator

Marijuana multistate operator Green Thumb Industries acquired Liberty Compassion, a Massachusetts medical cannabis cultivator and retailer. Liberty Compassion has two Affinity-branded stores in Boston and West Springfield. The purchase price wasn’t disclosed. With the acquisition, Illinois-based Green Thumb now has two cultivation and processing facilities and three retail outlets in Massachusetts. Green Thumb has a […]

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Cannabis M&A surges in hot Pennsylvania market with $400 million in deals

Merger and acquisition activity is sizzling in Pennsylvania, with more than $400 million worth of deals announced since March alone, as local cannabis businesses cash out and multistate operators seek or expand footholds in the rapidly growing mid-Atlantic market. Cultivation and processing operations are fetching $100 million and more. And dispensary licenses are commanding prices […]

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Marijuana MSO Green Thumb expands into Virginia

Illinois-based multistate operator Green Thumb Industries is expanding into Virginia with a definitive agreement to acquire medical marijuana company Dharma Pharmaceuticals. The deal comes only weeks after an adult-use measure was signed into law in Virginia. Financial terms of Green Thumb’s acquisition weren’t disclosed. Dharma holds one of five MMJ licenses in Virginia. But the […]

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Cannabis MSO Green Thumb raises $217 million in debt at 7% interest rate

Multistate cannabis operator Green Thumb Industries raised $217 million worth of funding by issuing senior secured debt at an interest rate the company described as “industry-leading.” Chicago-based Green Thumb said it would use the new funding to retire $105 million of existing senior secured debt and “for general working capital purposes as well as various […]

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New York’s marijuana social equity program eyed as possible game changer

New York recently enacted an adult-use marijuana law that many industry experts believe has the most robust provisions yet for including minorities, women, war veterans and struggling farmers in the state’s newest industry. But when the recreational marijuana market launches in 12 to 18 months, will New York be on the path toward becoming the […]

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Green Thumb poised to build out $50 million cannabis facility in New York

Cannabis multistate operator Green Thumb Industries has won local financial incentives to build out a $50 million cultivation and processing facility in New York. The Orange County Industrial Development Agency indicated in a news release Wednesday that the incentives were approved in March before New York lawmakers legalized a projected $2.5 billion-a-year recreational marijuana market. […]

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Feds investigating marijuana MSO Green Thumb Industries, report says

Illinois-based cannabis multistate operator Green Thumb Industries is the focus of a federal investigation, including the possibility the company was involved in corruption related to its political donations, the Chicago Tribune reported. According to the newspaper, federal authorities are “scrutinizing campaign donations and other steps Green Thumb Industries took as it sought to secure growing […]

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Cannabis MSO Green Thumb Industries raises $56 million in US share sale

Chicago-based multistate cannabis operator Green Thumb Industries raised roughly $56 million from selling shares in the United States. Green Thumb (GTI) accepted offers to purchase 1.6 million subordinate voting shares for $35.50 per share. The sale is expected to close Feb. 23. The capital raise follows another funding earlier this month, when GTI sold $100 […]

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Illinois-based marijuana MSOs teaming up on two stores, report says

Competing multistate marijuana companies Green Thumb Industries and Verano Holdings have quietly joined forces to operate two dispensaries in their home state of Illinois. Government records show subsidiaries of both companies are the registered managers of a shell company that manages NH Medicinal Dispensaries, which holds retail licenses for Rise in Effingham and Zen Leaf […]

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Cannabis MSO Green Thumb nets $100M through initial US stock sale

Cannabis multistate operator Green Thumb Industries said it accepted an offer to sell $100 million of stock to a single institutional investor as part of a previously announced securities offering in the United States – a first for the company. Chicago-based Green Thumb said the proceeds from the sale of 3.1 million subordinate voting shares […]

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