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Tag Archive: Green Thumb Industries

Interview: Part 2: Green Thumb Founder And CEO Ben Kovler

In the second part of our interview with Ben Kovler, the Green Thumb founder, chairman, and CEO discusses cultivation capacity, expansion plans, and the potential for social consumption of cannabis. Continue reading →

Posted in News on September 24, 2019

Interview, Part 1: Ben Kovler, Founder and CEO, Green Thumb Industries

Chicago-based cannabis company Green Thumb Industries has emerged as a player to watch as the legal cannabis business gains momentum across the U.S. In its fiscal second quarter ended in June, Green Thumb saw revenues triple to $45 million, while adjusted EBITDA reached $5 million. With brands including Rythm, The Feel Collection, and Beboe, as well as retail outlets under the Rise and Essence banners, Green Thumb is active in 12 states and recently acquired one of New York state’s 10 vertically integrated licenses. Founder, chairman, and CEO Ben Kovler has ties to the drinks industry—his great-grandfather Harry Blum was a driving force behind the development of the Jim Beam brand in the U.S. SND executive editor Daniel Marsteller recently caught up with Kovler to discuss the road ahead for Green Thumb and the U.S. cannabis business in general. Continue reading →

Posted in News on September 17, 2019

Profits Still Elude Major Cannabis Companies In Second Quarter, But Strong Expansion Continues Apace

Numerous companies reported second quarter earnings in the past week, and while profits remain elusive, some key players are inching closer to profitability on rapidly expanding revenues. Continue reading →

Posted in News on September 3, 2019

Green Thumb Enters New York With Fiorello Acquisition

Chicago-based Green Thumb Industries is set to enter the New York market, closing a deal to acquire Fiorello Pharmaceuticals and its vertically integrated New York license for $60 million. Continue reading →

Posted in News on August 27, 2019

With Illinois Legalization, A Potentially Massive New Market Emerges

Cannabis companies are toasting the emergence of a potentially momentous expansion opportunity, as Illinois becomes the 11th state to legalize adult-use cannabis and the first to establish a regulated sales structure through the legislature. Continue reading →

Posted in News on June 4, 2019

Green Thumb Industries, Aphria Post Strong Sales Gains

Green Thumb Industries, a cannabis producer and owner of Rise dispensaries, saw revenue more than triple to $62.5 million for its fiscal year ended in December. Continue reading →

Posted in News on April 16, 2019

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