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Green Thumb Green Thumb Industries Reports Second Quarter 2021 Results CHICAGO and VANCOUVER , British Columbia , August 11 , 2021 — Green Thumb Industries Inc. ( " Green Thumb , " or the " Company " ) ( CSE : GTII ) ( OTCQX : GTBIF ) , a leading national cannabis consumer packaged goods company and owner of Rise Dispensaries , today reported its financial results for the second quarter ended June 30 , 2021. Financial results are reported in accordance with U.S. generally accepted accounting principles ( " GAAP " ) and all currency is in U.S. dollars . Highlights for the quarter ended June 30 , 2021 : Exhibit 99.1 Revenue increased 14.1 % sequentially and 85.4 % year - over - year to $ 221.9 million . First half 2021 revenue increased 87.3 % to $ 416.3 million . Fourth consecutive quarter of positive GAAP net income , delivering $ 22.1 million or $ 0.10 per basic and diluted share . Adjusted Operating EBITDA grew 11.1 % sequentially and more than doubled year - over - year to $ 79.3 million or 35.7 % of revenue . Sixth consecutive quarter of positive cash flow from operations , delivering $ 48.3 million year - to - date . On April 30 , 2021 , Green Thumb raised $ 216.7 million in senior secured debt at 7 % . The proceeds were used to retire $ 105.5 million in senior secured debt ( at 12 % ) and the remainder will be used for general working capital and growth - driving initiatives . On June 1 , 2021 , the Company acquired Liberty Compassion , Inc. , a Massachusetts - based medical cannabis cultivator and retailer . The acquisition adds cultivation and production capacity to the Company's existing Massachusetts operations . See definition and reconciliation of non - GAAP measures elsewhere in this release . Key Developments Post - Quarter On July 1 , 2021 , the Company expanded into the Virginia cannabis market upon closing the acquisition of Dharma Pharmaceuticals , LLC ( " Dharma " ) , the holder of one of five vertical licenses in Virginia , which included a cultivation and operating production facility with one retail location and the opportunity to open up to five additional retail locations in the state . On August 2 , the Company exercised its option under the license to open Rise Salem . On August 1 , 2021 , the Company expanded into the Rhode Island cannabis market by acquiring Mobley Pain Management and Wellness ( Delaware ) LLC and Canwell