GTBIF - Green Thumb's Q3 net income falls 51% YoY missing on the bottom line
- Green Thumb Industries ( OTCQX:GTBIF ) saw its net income drop 51% in Q3 2022 to $9.8M compared to the prior-year period ($0.04 EPS diluted vs $0.10), a miss on the bottom line .
- Revenue of ~$261M , a ~12% year-over-year increase, was a beat.
- Green Thumb ( OTCQX:GTBIF ) said that revenue in the quarter was especially helped by strong sales in New Jersey and Illinois. Many of the companies stores operate under the RISE Dispensary name.
- The company ended the quarter with cash and cash equivalents of ~$147M.
- Read why Cannabis Growth Investor sees Green Thumb ( OTCQX:GTBIF ) as a top pick.
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Green Thumb's Q3 net income falls 51% YoY, missing on the bottom line