Green Thumb Industries Inc.(OTC:GTBIF) (CSE:GTII), a cannabis consumer packaged goods company with headquarters in Chicago and owner ofRISE Dispensaries, announced its financial results Thursday for the third quarter ended September 30, 2024.
Q3 2024 Financial Highlights
- Revenue reached $287 million, marking a 4% increase from the previous year.
- Net income was $8.6 million or $0.04 per basic and diluted share, compared to net income of $10.5 million, or income of $0.05 per basic and diluted share in the prior year period.
- Adjusted EBITDA came in at $89.2 million, representing 31.1% of revenue, up from $83.0 million or 30.1% in Q3 2023.
- Gross profit totaled $147.6 million, up from $133.8 million or 48.6% year-over-year.
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