Page 1

CHICAGO and VANCOUVER , British Columbia , November 10 , 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 third quarter ended September 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 September 30 , 2021 ● GreenThumb Green Thumb Industries Reports Third Quarter 2021 Results ● ● Exhibit 99.1 Revenue increased 5.3 % sequentially and 48.7 % year - over - year to $ 233.7 million . Fifth consecutive quarter of positive GAAP net income , delivering $ 20.2 million or $ 0.08 per diluted share . Adjusted Operating EBITDA grew 2.4 % sequentially and 52.6 % year - over - year to $ 81.2 million or 34.7 % of revenue . Seventh consecutive quarter of positive cash flow from operations , delivering $ 82.8 million year - to - date . Cash at quarter - end totaled $ 285.8 million . See definitions and reconciliation of non - GAAP measures elsewhere in this release . Key Recent Developments On July 1 , 2021 , the Company expanded into the Virginia cannabis market upon closing the acquisition of Dharma Pharmaceuticals , LLC , 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 stores . On August 2 , the Company opened Rise Salem , its second retail location in Virginia . On August 1 , 2021 , the Company expanded into the Rhode Island cannabis market by acquiring Mobley Pain Management and Wellness ( Delaware ) LLC and Canwell Processing ( Rhode Island ) LLC , which both held contractual interests in Summit Medical Compassion Center Inc. , including a cultivation and production facility and an open dispensary in the city of Warwick , one of only three operating retail dispensaries in the state . On September 1 , 2021 , the Company acquired GreenStar Herbals , a Massachusetts licensee operating two adult - use retail stores in Dracut and Maynard . A third adult - use location is expected to open in Chelsea in the coming months .