The Dales Report posted today has been edited and abridged to provide a fast and easy read, as follows:
“Green Thumb Industries (OTC: GTBIF) is the first of the five major MSO’s [constituents in the MunAiMarkets American Cannabis MSOs Portfolio] to announce their latest earnings, and they did not disappoint, delivering impressive financial results for Q4 and the full year 2024.
- Fourth-quarter revenue reached $294 million, marking a 5.8% year-over-year increase, while full-year revenue grew 7.8% to $1.1 billion.
- GAAP net income was $13 million ($0.05 per basic share), with an Adjusted EBITDA 0earnings Before Interest Taxes Depreciation and Amortization] of $98 million (33% of revenue), and a
- cash position of $172 million…
- Full year 2024 achievements include:
- a GAAP net income of $73 million ($0.31 per basic share),
- an Adjusted EBITDA of $371 million (33% of revenue),
- $195 million in cash flow from operations,
- $171.7 million in cash and cash equivalents,
- total debt outstanding of $255 million.
- and expanded its retail presence to 101 locations nationwide.
- Consumer packaged goods
- revenue grew 19.9% in Q4 and 15.9% for the year,
- gross margin expanded by 240 basis points year-over-year in Q4 to 53.7%…
Final Thought
Green Thumb Industries is built different[ly]. 2025 will continue to show a widening gap between the top MSO’s and the rest of the cannabis industry.”
