Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, announced its Q3 2023 financial results, which ended September 30, 2023.
- Net Loss: In the third quarter of 2023, Green Thumb Industries Inc. reported a net income of $11 million, translating to $0.05 per basic and diluted share.
- Total Revenue: Total revenue for the third quarter of 2023 was $275.4 million, up 5.4% from the prior year period. This figure reflects a 9% increase compared to the previous quarter, primarily driven by increased sales in Maryland following the legalization of adult-use cannabis on July 1, 2023.
- Gross Profits and Gross Margin: Gross profit for Q3 2023 …