Green Thumb arranges $50-million buyback program

Executive Summary

• Green Thumb Industries Inc.'s board of directors has authorized a new $50 million share repurchase program.
• The program allows for the repurchase of up to 10,364,640 subordinate voting shares under a normal course issuer bid.
• The program is scheduled to run from September 23, 2025, to September 22, 2026, with no obligation to purchase any specific number of shares.

Key Details

• Program Value: $50 million authorized for share repurchases.
• Share Quantity: Up to 10,364,640 subordinate voting shares.
• Program Duration: Commences September 23, 2025, and expires September 22, 2026.
• Previous Program Context: Under the previous repurchase program (beginning Sept. 5, 2023), the company repurchased approximately 13.5 million shares for $108 million.
• Financing: The company does not expect to incur debt to finance the repurchase program.
• Execution Venues: Shares may be purchased on the Canadian Securities Exchange, the OTCQX Best Market, or alternative trading systems.
• Share Disposition: All acquired shares will be returned to the treasury and canceled.
• Flexibility: Green Thumb is not obligated to purchase any shares; purchases may be suspended or terminated at any time at management's discretion based on market conditions or better uses for cash reserves.
• Regulatory Compliance: Purchases are subject to limitations and rules imposed by United States and Canadian securities regulations.

Notable Quotes

• "We believe buying back our stock at the right price is one of the best ways to create value for shareholders," said Green Thumb founder, chairman and chief executive officer Ben Kovler. "This authorization gives us the flexibility to act strategically as the right opportunities come along. We remain focused on investing in our brands and strengthening our long-term position in the continuously expanding cannabis market."