Cannabis company Green Thumb beats revenue estimate but posts loss on noncash impairment

Cannabis Watch Published: March 1, 2023 at 3:53 p.m. ET By Steve Gelsi Green Thumb Industries builds up its cash from the previous quarter and grows revenue as its business expands Antonio Masiello/Getty Images Referenced Symbols GTBIF +0.96% GTII +1.07% MJ -0.99% Green Thumb Industries Inc. posted a fourth-quarter loss on noncash impairments but managed

Financial Press

Published

March 1, 2023

cannabis-company-green-thumb-beats-revenue-estimate-but-posts-loss-on-noncash-impairment

Cannabis Watch

Published: March 1, 2023 at 3:53 p.m. ET

Steve Gelsi

Green Thumb Industries builds up its cash from the previous quarter and grows revenue as its business expands

Referenced Symbols

GTBIF

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Green Thumb Industries Inc. posted a fourth-quarter loss on noncash impairments but managed to beat its revenue target as it built up its balance sheet despite headwinds in the sector.

Green Thumb’s GTBIF CA:GTII stock rose 0.6% on Wednesday.

The company late Tuesday said it lost $51.22 million, or 22 cents a share, in the fourth quarter,…

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