Green Thumb Industries Inc (GTBIF) Q4 2024 earnings call Highlights: record income and …

Appearance date: February 26, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Green Thumb Industries Inc (GTBIF) achieved a record turnover of $ 294 million in the fourth quarter of 2024, whereby a record -adjusted EBITDA of USD 98 million corresponds, which corresponds to a margin of 33%.

• The company has successfully developed a syndicated bank loan of $ 150 million, which contributed to the fact that primary debt of 225 million US dollars retires and improved their balance sheet.

• Green Thumb Industries Inc (GTBIF) opened 10 new businesses in 2024, which increased the entire number of branches to 101 and made considerable wholesale investments in important growth markets.

• The company reported on a strong brand performance with market share profits in several states and successful product launches, including the start of adults in Ohio.

• Green Thumb Industries Inc.

• The company is exposed to continued price pressure, with the expectations of further price erosion in 2025 influence the margins and sales growth.

• The federal reform as part of the new administration has not come about, and there is skepticism compared to significant changes in cannabis regulations.

• Green Thumb Industries Inc.

• The company has an increased SG & A expenditure, mainly due to higher remuneration costs and the addition of new retail stores.

• There is uncertainty about the time and structure of the cannabis market for adults in Minnesota, which could affect future growth opportunities.

Q: Can you specify more details about the distribution model for hemp-derived THC products and the growth potential in this sector? A: Ben Kobler, CEO: The product is available in 23 markets in the USA via Doordash, so that consumers can receive an incredible chocolate bar within an hour. This convenience is important for investors. We concentrate on the demand from consumers and make life better for consumers by offering easier access to our products. This is an exciting time for cannabis supply space because we understand the needs and preferences of the consumer.

Q: How do you see the capital restrictions in the industry with the scope of investment of $ 80 million? A: Ben Kobler, CEO: We made an important contribution to Capex in the industry, which is crucial for the drive of our business. In many companies, capital lacks to invest in growth, but we focus on where we can achieve returns with a long -term perspective. It is a strong situation of Haves and Have-Nots, and we are able to invest in our business, generates cash and enables us to play crimes while we defend our assets.

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