Green Thumb Industries Reports Q3 2023 Revenue Growth And 'Strong Profitability'
Portfolio Pulse from Joana Scopel
Green Thumb Industries Inc. reported Q3 2023 financial results, with a net income of $11 million and total revenue of $275.4 million, up 5.4% YoY. The revenue increase was primarily driven by increased sales in Maryland following the legalization of adult-use cannabis. The company also reported an adjusted EBITDA of $83 million and repurchased $25 million worth of shares during the quarter.
November 09, 2023 | 1:54 am
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Green Thumb Industries reported strong Q3 2023 results, with increased revenue and net income. The company also repurchased $25 million worth of shares, which could indicate confidence in its stock.
Green Thumb Industries' strong Q3 2023 results and share repurchase could boost investor confidence, potentially leading to a short-term increase in its stock price.
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